Coinbase has started testing trading without subscription fees

The platform will introduce a monthly subscription — Coinbase One

12.03.2022 - 10:00

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What’s new? The Coinbase crypto exchange has started testing a trading system with zero commissions. The platform has announced that it is recruiting users for the beta test of a monthly subscription called Coinbase One. The subscription privileges also include account insurance for up to $1 million and 24/7 support.

Announcement of the Coinbase One beta test

What do the exchange’s representatives say about the innovation? Alesia Haas, the chief financial officer of Coinbase, stated:

“The transaction revenue has historically may have the lion’s share of our revenue. We’re taking steps to diversify this revenue and also grow our non-transaction revenue streams.”

The platform has announced a subscription in early 2022, and in May 2021 launched an updated version of Coinbase Prime, a prime brokerage service.

Coinbase is the first public crypto exchange in the world, whose shares began trading on NASDAQ in April 2021. It was previously reported that Coinbase received a record revenue in the fourth quarter of 2021, with a total trading volume of $547 billion.

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