Crypto News – The fee will be imposed by Coinbase, the company announced on Monday, when institutional clients convert more than $75 million worth of the USDC to USD “per rolling 30-day period.”
Coinbase Conversion Fees Update Will Affect Transactions Over $75 Million
1.5% will be charged for conversions between $75 million and $150 million and 0.1% for trades between $150 million and $500 million. The corporation announced that conversions from USDC to USD over $500 million will incur a 0.2% fee.
Coinbase Prime clients with over $500 million of assets on platform or holding on average $100 million in USD/USDC over a calendar month are exempt from USDC Conversion Fees,the company
A Company Spokesperson Says They Value Customer Feedback
Furthermore, anytime they fulfill their monthly eligibility requirements, participants in the Coinbase Exchange Liquidity Program “who have qualified for Tier 1 or Tier 2” will not be charged conversion costs in USDC.
Coinbase is committed to innovating our product offerings and listening to user feedback to ensure we deliver the premium experience that our customers expect while also driving our business goals,a company spokesperson