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Coinbase to Charge 0.1% Fee for 'USDC to USD' Transactions Over $5 Million

Summary: According to Cointelegraph, cryptocurrency exchange Coinbase announced that starting from August 13, a fee of 0.1% will be charged for USDC to USD transactions exceeding $5 million in net exchange volume within 30 days. Coinbase executives stated that this move is aimed at evaluating the impact of fees on USDC withdrawal behavior, especially in the ...

According to Cointelegraph, cryptocurrency exchange Coinbase announced that starting from August 13, a fee of 0.1% will be charged for USDC to USD transactions exceeding $5 million in net exchange volume within 30 days. Coinbase executives stated that this move is aimed at evaluating the impact of fees on USDC withdrawal behavior, especially in the context of some competitors charging higher withdrawal fees. Analysts suggest that this policy may be aimed at curbing arbitrage activities where users convert USDT to USDC and then withdraw USD.

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Link: Coinbase to Charge 0.1% Fee for 'USDC to USD' Transactions Over $5 Million [Copy]

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