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Cryptocurrency exchange Coinbase is preparing to roll out its subscription service known as “Coinbase One” in 35 countries. Initially, this service will be available exclusively to customers in the United Kingdom, Germany, and Ireland. As stated in the announcement made on May 18, Coinbase One is designed to offer features such as zero-fee trading, enhanced staking rewards, and unique advantages through collaborations with industry entities like Messari and CoinTracker for a monthly charge of $29.99. Additionally, Coinbase intends to partner with other organizations — including Alto IRA (Individual Retirement Account), Blockworks’ Permissionless, and Lemonade — to provide further benefits to its subscribers.
2/ The best of Coinbase just got ✨better✨ Unlock zero trading fees, a dedicated support team, boosted staking rewards, and exclusive benefits from partners with Coinbase One — all for $29.99/month.
Claim your 30-day free trial → https://t.co/agCecP7lsp— Coinbase ️ (@coinbase) May 18, 2023
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Coinbase also announced that its new subscription service will provide members with access to a dedicated support team available 24/7, allowing members to seek assistance via phone and receive timely help for any technical account issues they may face. Furthermore, the new subscription service will offer U.S. members the convenience of a pre-filled tax Form 8949, which streamlines the process of filing crypto taxes by automatically organizing their transactions.
Related: Coinbase going international sparks community reactions: ‘Crypto is global’
On May 2, Coinbase launched the Coinbase International Exchange, a new institutional platform specifically tailored for trading crypto derivatives. The announcement regarding Coinbase’s strategic move to expand its operations globally through the establishment of a worldwide platform comes as a response to the regulatory hurdles the exchange continues to encounter in the United States. Despite Coinbase’s efforts to grow internationally, CEO Brian Armstrong has reassured users that he remains “100% committed” to the U.S. market.
Magazine: Crypto regulation: Does SEC Chair Gary Gensler have the final say?
