Cryptocurrency exchange Coinbase has announced the implementation of fees for converting the stablecoin USD Coin (USDC) into USD.
Circle serves as the issuer of USDC, a stablecoin that, as of last year, was surpassed by Tether’s USDT token in terms of market capitalization.
Coinbase Introduces USDC Conversion Fees
According to a January 29 post on the exchange’s website, they will impose charges on institutional clients conducting net USDC to USD conversions exceeding $75 million within a rolling 30-day period.
Coinbase employs a maker-taker fee model to determine its trading fees. Distinct fees are applied to orders based on whether they provide liquidity (maker orders) or take liquidity (taker orders).
The calculation of fees is contingent on the pricing tier at the time of placing the order and not on the tier that would be applicable after the completion of the trade.
For conversions falling within the $75 million to $150 million range, a 0.1% fee will be applied, while transa
We współpracy z: https://cryptopotato.com/important-coinbase-update-regarding-some-clients/
