For ordinary users, the Coinbase.com main site is moreCoinbase ProTo be more friendly and easy to access, but the platform will charge a fixed fee for each transaction, as well as a certain percentage of commission.
This is why many advanced users prefer to trade with the more technical Coinbase Pro, while enjoying the benefits of transferring funds back to their Coinbase.com accounts with zero fees.
However, in today’s articleblog postIn Coinbase, however, citing “duplication of functions” and “existence of friction”, it announced that it would put the Coinbase Pro service into the cold.
Meanwhile, many Pro customers took to Twitter to bemoan the fact that Coinbase Pro’s commissions and fees are more attractive after all.
Thankfully, the company has pledged to continue Coinbase Pro’s fee structure in the “Advanced Trading” section of the main Coinbase.com site.
The feature is currently available on desktop platforms first, and Coinbase plans to roll it out to mobile clients in a few weeks.
[Background information] In an environment where cryptocurrencies are falling and falling, many cryptocurrency exchanges are trying to retain customers and try to mitigate the damage caused to them by the bear market, so Coinbase’s new announcement is still difficult for many people to understand.
On the same day, rival BinanceUS announced that it would eliminate transaction fees for using U.S. dollars to buy BTC. Shares of Coinbase fell nearly 10% today to $51.80 shortly after the news. (down nearly 80% YTD)