Coinbase Pro increased commission by 233% for retail traders and reduced it for whales

Coinbase, the largest crypto exchange in the United States and around the world, has again announced an increase in fees on its Coinbase Pro site.

Starting from October 7, the commission for customers whose transaction size does not exceed $ 10 thousand per month will increase by 233%, that is, from 0.15% to 0.50% – we are talking about makers. For takers who belong to this group, the commission will increase by 100% – from 0.25% to 0.5%. Recall that in March the company has already carried out an increase in commissions for users whose monthly trading volume does not exceed $ 10 thousand. Meanwhile, for whales, the company is lowering commissions. For example, those large traders whose trading volume exceeds $ 1 billion will decrease from 0.05% to 0.04%.

Coinbase explained that this solution is designed to increase the depth and liquidity of the market. Representatives noted that users who conduct operations in the amount of $ 50 thousand can expect to reduce the commission or exemption from it.

In addition, it became known that Coinbase has resumed users from the UK the function of depositing and withdrawing funds directly to GBP through bank accounts.