Coinbase’s new subscription service, “Coinbase One,” provides a range of exclusive benefits and features besides zero-fee trading
As per the May 18 announcement, the crypto exchange Coinbase has launched its subscription service called “Coinbase One” to customers in the United Kingdom, Germany and Ireland, to further expand the service across 35 countries.
Coinbase One will provide zero-fee trading, amplified staking rewards and additional exclusive partner benefits. Industry players that have already partnered with the Coinbase subscription service include Messari and CoinTracker. In the future, Coinbase plans to collaborate with Alto IRA (Individual Retirement Account), Blockworks’ Permissionless and Lemonade, among others.
Additionally, Coinbase One members will get access to a 24/7 dedicated support team, providing assistance with technical account issues via phone. Besides, US subscription members receive the convenience of a pre-filled tax Form 8949, automatically organizing their transactions to simplify the process of filing crypto taxes.
The monthly fee for the service is $29.99, with a 30-day free trial available.
Earlier this month, Coinbase debuted Offshore Exchange that provides institutional users based in jurisdictions outside the United States with an opportunity to trade perpetual futures, which, according to the firm, accounted for about 70% of the global volume of crypto trading last year.
At the same time, the firm gave up on Bitcoin-backed loans, previously provided through its Borrow service, which allowed users to borrow up to $1 million with no credit check. Coinbase spokesperson explained that the company is “prioritizing the offerings that … customers care about most.”