Coinbase waives trading fees The company is testing a new ser | Venture Capital

Coinbase waives trading fees

The company is testing a new service that reduces its trading fees. In return, you need to sign up for a monthly subscription.

The subscription service, which is reportedly being called Coinbase One, waives the commission fee Coinbase charges for trades, but customers will still have to pay spread fees to buy or sell cryptocurrency. There’s currently no word on the cost of the subscription.

Coinbase’s interest in subscriptions could be an attempt to compete with rapidly growing competitors like Robinhood, which does not charge trading fees and already offers a subscription service of its own called Robinhood Gold.

Besides improving customer service, Coinbase One is supposed to increase the company's revenue.