Coinbase launches new fee plan
Coinbase announced on Monday that the cryptocurrency platform will release a new fee schedule on September 20 at 5:00 PM EST.
The new fee schedule will adjust tiers and change the rate and producer fee structure for transaction levels above $100,000-$1 million.
According to Coinbase, the new structure “accounts for changes in global crypto trading volumes and asset prices, lowering the monthly trading volume required to qualify for the mid- and upper tiers of our fee schedule.”
The crypto exchange also said that the new structure will be implemented on Coinbase Exchange, Pro and Advanced Trade.
Meanwhile, Coinbase also has plans to add encryption policy content.
Brian Armstrong, the founder of Coinbase Brian Armstrong, said he plans to add encryption policy content to the Coinbase trading app for the upcoming US midterm elections.
This will help Coinbase’s 103 million verified users understand the crypto stance of political leaders in their region, he said via Twitter.
This integration gives the crypto community new opportunities for elected officials through a unified scorecard through a platform called the Crypto Action Network.
The scorecard records a composite score ranging from “A” to “F” for each member of Congress’ publicly documented statements and actions on cryptocurrency policy.
While the company’s cloud has launched Solana Archive Node to help developers build better products and services on Solana.
According to a report from Blockchain.News, this is the first expansion of Coinbase Cloud’s network infrastructure to create validating clients for Solana, which involves improving the efficiency, throughput and reliability of the protocol.
Solana is currently capable of processing over 50,000 transactions per second. Launched secure, dedicated Solana infrastructure nodes through Query & Transact, allowing developers to access and track data and transaction information on the Solana blockchain.
Coinbase has also launched its other crypto derivatives.
Coinbase Derivatives Exchange launched its second crypto derivative product, Nano Ether Futures Contracts (ET), on August 29.
Coinbase said BIT would initially target several leading broker-dealers, including retail brokers EdgeClear, Ironbeam, NinjaTrader, Optimus Futures, Stage 5 and Tradovate, as well as clearing firms ABN AMRO, ADMIS, Advantage Futures, ED&F Man, Ironbeam and Wedbush.
Coinbase Derivatives Exchange launched its first crypto derivative product, Nano Bitcoin futures (BIT), on June 27.
As of August 24, 2.9MM contracts have been traded in the Nano Bitcoin Futures Contract (BIT), averaging 77,000 contracts per day.
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