Coinbase introduces free trade, but there are hooks

Coinbase introduces free trade, but there are hooks
On May 18, the company announced upgrades to Coinbase One, a member account that does not offer any trading fees, increased operational premiums and priority support.
The catch, however, is that users have to raise $ 30 per month for this privilege.
Coinbase was often criticized for the fact that it has some of the highest trading fees in the industry. The company generates the lion's share of its profits with these often horrendous fees, so the model works obviously.
Payment of a monthly fee to abolish these fees would only be an advantage for whales and wholesalers. In addition, it is unlikely that those who act a lot, act on Coinbase and prefer a decentralized stock exchange (Dex) in which the fees are only a fraction.
2/ The best of Coinbase has now become "better". Benefit from zero trading fees, a dedicated support team, increased operational premiums and exclusive advantages of partners with coinbase one-and all for $ 29.99.
request your 30-day free trial version to → https://t.co/agcecp7lsp
- Coinbase 🛡️ (@coinbase) 18. May 2023
Coinbase One catches
Coinbase offers a 30-day free test version of his new service, which includes primary support. Apart from the high fees, the company was also heavily criticized because of its lack of customer support.
It seems that coinbase customers have to pay now to get a prompt answer about the support channels. Members could also receive support in submitting cryptocurrency taxes, it said.
The company stated that it will also be accessed to the United Kingdom, Germany and Ireland in addition to the United States.
In addition, the company offers discounts with partners, including Messari, Cointracker and Lemonade.
Coinbase already offers premium accounts and indicated that the offer does not apply to Advanced Trade, Coinbase Pro or Coinbase Prime without a trade fee.
The reaction of the crypto community was mixed with some skepticism about the service. "Nebraskaner" said to his 300,000 followers:
"Your support team told me that I should terminate my membership because the zero trading fees are misleading and only apply to a trade worth up to $ 10,000 per month and still use people with slipping during easy trading."
Coin shares fell by 1.28 % that day and fell to $ 60.35
outlook on the cryptom market
The cryptoma markets fell 1.5 %that day, with total capitalization falling to $ 1.16 trillion.
Bitcoin lost 2 % to a decline to $ 26,782, while Ethereum fell by 1.3 % to just under $ 1,800 at the time of writing.
The markets have moved sideways in the past few months and still cool down from their annual high in mid -April.
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