Coinbase's New Fee Policy: USDC to USD Conversions Over $75M Now Come at a Cost Coinbase, the renowned crypto exchange, is shaking up its fee structure for
large-scale USDC to USD conversions. This move is aimed squarely at
institutional clients who handle hefty transaction volumes.
In a recent website announcement, Coinbase revealed that institutional players making
net conversions exceeding $75 million within a 30-day period will face varying fees based on their conversion amounts.
The new fee plan introduces a
0.1% charge for conversions between $75 million and $150 million, while transactions ranging from $150 million to $500 million will incur a slightly higher
0.15% fee. As for those converting more than $500 million, they'll be looking at a
0.2% charge.
However, Coinbase Prime customers
with assets surpassing $500 million or maintaining an average of $100 million in USD/USDC throughout a month can breathe easy – they're exempt from these USDC Conversion Fees.
Additionally, participants in the Coinbase Exchange Liquidity Program
who've achieved Tier 1 or Tier 2 status will also enjoy a fee waiver as long as they meet their monthly eligibility requirements.
