Coinbase tests subscription service that waives some trading fees

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Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images

The largest US cryptocurrency exchange, Coinbase, is testing a new subscription service that reduces its trading fees in return for a monthly fee, The Block reports. 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, which the company plans to offer to a small number of users to start.

Coinbase confirmed its test of the subscription program in a statement given to The Block. “Customers in the test group will have the ability to buy, sell, and convert digital currencies on the Coinbase platform without a Coinbase fee for each…

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