Coinbase’s Zero Trading Fee Subscription Service Expands Outside U.S.
- Initially launched in the U.S., U.K., Germany, and Ireland, Coinbase One offers its subscribers zero-fee trading, improved staking rewards, 24/7 customer support, and more.
- The $29.99 per month service also offers additional benefits through Coinbase’s partnerships, and will be rolled out to 31 additional countries in the coming months.
Coinbase CEO Brian Armstrong speaking at TechCrunch Disrupt SF 2018. Steve Jennings/Getty Images for TechCrunch
The subscription service of cryptocurrency exchange Coinbase has been taken out of its beta testing phase and will soon be available across 35 countries, the company said in a blog post on 18 May.
According to the announcement, the exchange has expanded its “Coinbase One” subscription service — which was recently available only to select users in the U.S. — to customers in the United Kingdom, Ireland, and Germany. The $29.99 per month service offers customers features such as zero-fee trading, improved staking rewards, 24/7 customer support, and more.
Coinbase One subscribers will also have access to benefits from some of Coinbase’s partnerships, including a 90 days exclusive crypto market insights and analytics from Messari, 6 months free of personal crypto portfolio analytics with CoinTracker, and more coming soon. U.S. subscribers will also receive a pre-filled tax Form 8949 that can be filed directly with the online tax filing services and accountants.
The U.S.-based crypto exchange plans to further expand its international reach through Coinbase One, with plans to offer the subscription service to 31 more countries in the coming months. Earlier this month the company launched the Coinbase International Exchange, a new institutional derivatives exchange based in Bermuda.
The move came only a week after it began a legal spat with the Securities and Exchange Commission (SEC), trying to force the regulator to give it an answer to a rulemaking petition it had filed back in July 2022. The SEC has since said that it was under no obligation to issue new regulations for crypto, and that rules for crypto were already published and “were sufficient”.
- The U.S. SEC claimed in its response that it was under no obligation to issue new regulations for crypto, and that rules for crypto were already published and were sufficient.
- The agency also tried to distance itself from any public comments made by its chair Gary Gensler, particularly regarding his statement that most cryptocurrencies are securities.
U.S. Securities and Exchange Commission building in Washington DC, October 12, 2018. Andriy Blokhin/Shutterstock
- Ishan Wahi was sentenced to 24 months in prison for his illegal use of confidential information he obtained during his time at Coinbase.
- Wahi, his brother, and a friend, had allegedly made around $1.5 million between June 2021 and April 2022 by purchasing digital assets before their Coinbase listing was announced.
- The U.S. Third Circuit Court of Appeals has filed a text-only order against the securities regulator, giving it 10 days to respond to Coinbase’s complaint.
- The crypto exchange filed a lawsuit against the SEC last week, requesting a response to a rulemaking petition it had filed back in July 2022.