Coinbase To Compress Trading Fees Amid Rising Competition
US crypto exchange Coinbase is gearing towards a trading fees compression as part of the company’s drive towards diversifying from trading fees and towards increasingly relying on revenue from subscription services.
Trading fee compression will come down “at some point,” Emilie Choi, President and Chief Operating Officer at Coinbase said during a Goldman Sachs US Financial Services Conference yesterday, as reported by Bloomberg.
The company was “making the right investments and subscription services to get to that place where it shouldn’t be that much of a concern of a longer-term,” she argued.
Choi noted that “we haven’t seen the actual compression. We haven’t changed our fee structure on the retail side yet,” as well as that “consumers are
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