Coinbase Unveils Subscription Service, Sets Sights on European Expansion
Coinbase One is set to launch in 35 countries, starting with the United States, United Kingdom, Germany, and Ireland.
Because Bitcoin
May 18, 2023
TechCrunch reported that Coinbase is expanding its subscription service, Coinbase One, to 35 countries. This move aims to retain users and increase its recurring revenue streams amid a bearish market in the crypto economy.
Initially launched as a beta version in fall 2021, Coinbase One will now be publicly available in the United States, United Kingdom, Germany, and Ireland, as confirmed exclusively to TechCrunch+. The company plans to introduce the service in 31 additional European countries in the upcoming months.
The subscription service provides various benefits, including no trading fees, enhanced staking rewards, round-the-clock customer support, and pre-filled tax return documents, as explained by Phil McDonnell, senior director of product management at Coinbase.
Coinbase One caters to both frequent traders and long-term investors, providing them with various advantages. Frequent traders can take advantage of executing numerous trades on a wide range of assets without being burdened by transaction fees. On the other hand, long-term investors can optimize their engagement with the cryptoeconomy and leverage the full spectrum of offerings from Coinbase. Members of Coinbase One benefit from reduced commissions for staking ADA, ATOM, SOL, and XTZ, enabling them to earn more from their cryptocurrencies without incurring additional fees. Moreover, exclusive rewards throughout the year further enhance the earning potential for members.
The benefits of Coinbase One
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