Coinbase introduced a new subscription plan for its users, and it may be among the first for a crypto-exchange platform that centers on premium features for the subscribers. This new subscription plan aims to bring boosted features for users, centering on expanding more of the membership with zero trading fees whenever buying new assets, rewards, and more.
This premium experience from Coinbase aims to bring more perks for its subscribers to get the most out of the crypto-exchange platform, for a certain monthly fee.
(Photo : Coinbase)
Coinbase One: New Subscription Plan for Everything Crypto
Coinbase, one of the leading cryptocurrency exchange platforms, has announced the public release of its highly anticipated subscription service, Coinbase One. This subscription offers a range of benefits and features designed to enhance the trading experience for its users.
It is worth noting that Coinbase One's release comes at a time when Coinbase is under investigation by the Securities and Exchange Commission (SEC) for allegedly violating multiple securities laws.
Read Also: Coinbase Shares Dip by 15% Following SEC Warning
What to Expect from Coinbase One, How Much
As per its tweet, one of the most significant advantages of Coinbase One is the elimination of trading fees.
In addition to zero trading fees, Coinbase One also introduces boosted staking rewards. Eligible assets will now offer staking rewards of up to 6.94% APY, providing users with a more significant return on their investments. This feature is expected to attract more users to participate in staking, ultimately strengthening the network and benefiting the entire crypto community.
With Coinbase One, subscribers will have access to pre-filled tax forms, making it easier for them to file their crypto holdings accurately.
Moreover, Coinbase One subscribers will enjoy round-the-clock support throughout the year. Whether it's a technical issue or a general query, users can rely on Coinbase's dedicated support team to assist promptly.
To show appreciation to its subscribers, Coinbase is also introducing Coinbase rewards and sweepstakes. Subscribed users will have the opportunity to earn exclusive rewards and participate in sweepstakes with exciting prizes, further incentivizing their engagement with the platform.
All these benefits come at a monthly subscription fee of $29.99.
Coinbase and What it Offers the Public
Coinbase was one of the most famous cryptocurrency exchange companies even before debuting, with as much as $14 million worth of stocks already owned even before the company went public. Its CEO and co-founder, Brian Armstrong, was among the renowned executives of his time and was also one of the reasons for its success.
One of Coinbase's earliest offers is the 50 percent higher APY interest rate it offers for crypto assets, and this one is larger compared to traditional banks.
The latest offer from Coinbase centers on giving the public more to experience with the platform, centering on a subscription program that offers massive perks for subscribers. While its subscription rates are pricy, it still offers many advantages to free users, to get more of the crypto investments.
Related Article: Coinbase is Suing the SEC Over Lack of Response on Petition for Crypto Industry Regulation
