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Cryptocurrency exchange Coinbase launches free-of-charge trading service

Cryptocurrency exchange Coinbase launches free-of-charge trading service

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Answer Cryptocurrency exchange Coinbase launches free-of-charge trading service

Press reports have emerged that Coinbase, a US-listed cryptocurrency exchange, is testing a subscription-based service that enables its users to access certain privileges.

According to “The Block,” the platform is looking to offer some features such as priority phone support and no-fee trading for those using the new product called “Coinbase One.”

Indicates the report The Enhanced Features even strive to provide priority phone support during weekends and holidays.

In the first place, it told The Block that Coinbase One will be available to a small number of users.

It appears that the new feature announced is a new maneuver by which the platform seeks to diversify its revenue streams, although it is not yet known what the subscription service fee scheme for the upcoming service will be.

Read:A trading platform that attracts attention after trading volumes exceeded 17 billion dollars in the past 24 hours

A Coinbase spokesperson commented in a statement:

Coinbase has begun testing a subscription product for our customers.

Customers in the test group will have the ability to buy, sell and transfer cryptocurrencies on Coinbase without a per-transaction fee (spread fees still apply).

We are always looking to learn more about the best way to serve our customers in different ways.

At the moment, we are still in the early stages, so everything about the future product experience will be shaped by the feedback we receive from our users.

Recent product launches:

Recently, Coinbase announced the launch of the waiting list for the non-fungible tokens (NFT) market.

Where users will be able to mint, buy and view NFT products.

The initial launch will support the Ethereum-based ERC-721 and ERC-1155 standards, and Coinbase has confirmed that it will have multi-chain support in the “near future.”

In October, the platform added phone support and published a series of measures to enhance the customer support area.

Read:SEC and Ripple case takes a surprising turn after Coinbase asks court for permission to support Ripple

According to the statement provided by Coinbase, 24/7 phone assistance will be available to all retail customers from the US, Germany, Japan and the UK by the end of the year.

Read also:

Whales continue to hoard bitcoins and await decision on bitcoin ETF

A Shiba Inu just moved nearly $3 billion worth of coins


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