Coinbase Pro will increase commissions for retail traders by 233%. Users are indignant at

Coinbase Pro cryptocurrency exchange from Monday, October 7, will increase commissions for customers with a turnover of less than $ 10 thousand per month by 233%. For users with higher trading volumes, fees will not change or even decrease.

On October 7, at 5:00 pm PT, Coinbase Pro will implement a new fee structure designed to increase the depth and liquidity of our markets. Learn more about the changes https://t.co/AQaCH2QX7W

– Coinbase Pro (@CoinbasePro) October 3, 2019

The exchange explained that the update was intended "to increase the depth and liquidity of markets."

Current fees are 0.15% for makers and 0.25% for takers. Under new tariffs for retail traders, the indicator will be – 0.5%.

Coinbase Data

Although Coinbase Pro called the increase in fees “insignificant,” investors are indignant and threaten to leave for Binance US.

I'm sorry but the $ 0-10k & $ 10-50k fees are insane. Not to mention the maker & taker is the same. That's ridiculous. You clearly give no incentive for us to "make" your books more diverse. Heading over to @BinanceAmerica . Way to go, @CoinbasePro . I'm going back to binance.

– Crypto Entropy (@ Crypt0Entropy) October 3, 2019

0.5% ?? Jesus That's 5 times more than binance.

– nosaint (@ N0S41NT) October 3, 2019

lol. Done with @CoinbasePro

– Bravo Bitcoin (@ apram89) October 3, 2019

Recall that the current commission structure for Coinbase Pro was adopted in March.

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