Coinbase Implements 0.1% Fee on Large USDC to USD Conversions

preview image

Coinbase is set to introduce a 0.1% fee on conversions of the stablecoin USDC to US dollars for net amounts exceeding $5 million, effective August 13. This change follows Coinbase's recent earnings miss and aims to address costs associated with managing USDC. The move has sparked discussion within the crypto community regarding its implications for stablecoin users and market dynamics.

Read more

Comments

Post a Comment

Popular posts from this blog

BitMEX Exposes Lazarus Group's Cyber Security Vulnerabilities

Image
BitMEX's security team has exposed significant operational security vulnerabilities within the Lazarus Group, a North Korean state-sponsored cybercrime organization. Their counter-operations probe revealed critical lapses, including exposed IP addresses, database access, and tracking algorithms, offering unprecedented insight into the group's methods and structure. Read more
Read more