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Source: Adobe Stock / Thomas Dutour

US crypto exchange Coinbase is updating its fee structure to accommodate what the company describes as “changes in global crypto trading volumes and asset prices.” The platform is lowering the monthly trading volume prerequisite to qualify for the middle and upper links of its fee schedule, increasing trading costs for some traders, but also lowering them for many high-volume users.

In response to the current market downturn, starting today, Coinbase will impose the new fee schedule on users of its Exchange, Pro and Advanced Trade services, the platform said in a statement. statement. By offering more preferential trading terms to large traders, the exchange could attract large, deep-pocketed institutional investors.

Based on published data, the exchange’s taker and maker fees for traders with a volume between $0 million and $15 million will not be changed.

For the mid-tier of platform customers, which includes merchants with volumes between $15 million and $75 million, a support fee of 16 basis points (bps) and a maker fee of 6 bps will apply. This will represent a change from -2 bps to +1 bps for both charges.

Changes to the fee structure will also apply to primary users of the exchange who report trading volumes greater than $400 million. For these users, a support charge of 5 bps will apply, a change from 0 bps to -3bps. Maker fees will remain at 0 basis points. Coinbase will maintain maker fees for these customers at 0 bps.

“The calculation of volume levels will continue to be based on the last 30 days’ volume,” according to the exchange.

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