An exception will be made for Tier 1 and Tier 2 Coinbase Exchange Liquidity Program members.
Coinbase — the largest United States-based crypto exchange — has introduced commission fees for net conversions from USD Coin to U.S. dollars exceeding $75 million in 30 days. An exception will be made for Tier 1 and Tier 2 Coinbase Exchange Liquidity Program members.
The announcement appeared on the Coinbase help page on Jan. 30. According to the page, from Feb. 5, Coinbase will begin imposing a fee on USD Coin (USDC) to U.S. dollar net conversions over $75 million in a rolling 30-day period.
Customers will pay 0.10% for a monthly volume between $75 million and $150 million. The fee for transaction volume between $150 million and $500 million will be 0.15%, and the maximum rate of 0.20% will be applied to volume exceeding $500 million. All fees will be assessed directly from the USDC to U.S. dollar conversion amount.
