Crypto exchange Coinbase has announced new benefits for members of its premium service, “Coinbase One.” The company has been promoting its trading venue as it contemplates launching an international branch.
According to an official blog post, new members will have access to staking rewards and additional benefits from partnerships with Messary, CoinTracker, and others. The post confirmed that these services could cost hundreds of dollars, but Coinbase One users can access them for $29.99 monthly.
For the crypto analysis firm Messari, Coinbase One members will have access to three months of exclusive content, including market insights and its Messari Pro analytics platform. The platform will include access to CoinTracker, Lemonade, Alto IRA, and Blockwork’s Permissionless in the coming weeks.
Coinbase One Steps Up Its Services And Attempts To Lure More Users
In addition to these benefits, the membership service offers traders access to zero fees operations on “hundreds of assets.” Investors with a focus on the long term can access lower commissions and higher rewards for staking Cardano (ADA), Cosmos Hub (ATOM), Solana (SOL), and other cryptocurrencies all across 2023.
The platform is compounding these benefits with other exclusive offers, such as a $10,000 prize pay in Bitcoin (BTC), pre-filled tax forms to remove friction from investing in cryptocurrencies, and a 24/7 support team, as seen in the chart below.
The crypto exchange’s premium service is now available for users in the United Kingdom, Germany, and Ireland. On the possibility of further expanding the service, the company stated the following:
We’re committed to expanding access to Coinbase One to even more countries in the coming months, bringing the benefits of crypto to the rest of the world with our international expansion strategy. At Coinbase, we’re on a mission to build the most trusted crypto products and services, and support other builders to bring the next 1 billion people into crypto
A Nothing Burger? Coinbase Disappoints With Announcement
Finally, users subscribing before next Thursday, May 25, will receive an exclusive non-fungible token (NFT). The Founding Member NFT can be minted via that platform’s homepage.
3/ For a limited time, Coinbase One members can claim this exclusive Founding Member NFT.
Sign up for your free trial before next Thursday, May 25 at 9am PT and access the mint on your homepage within 20 minutes! Pro tip: make sure you have the latest version of the app 💫 pic.twitter.com/YEKA4BMYQZ
— Coinbase 🛡️ (@coinbase) May 18, 2023
Coinbase has been teasing this announcement for the past week across its social media channels. Some users expected a bigger unveiling, probably related to its international platform.
A pseudonym crypto user stated the following about the announcement:
It’s seriously a joke. Zero trading fees is only up to 10k per month, and it doesn’t work with their advanced trading platform. The spreads on their “normal” buy/sell is atrocious.
Cover image from Unsplash, chart from Tradingview
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As an editor at NewsBTC, Reynaldo is an experienced journalist passionate about all things crypto. Reynaldo has interviewed key industry leaders, and created unique pieces analyzing the promise of crypto as the next frontier for an economic and social transformation of humanity. Since 2018, he has been at the forefront of the industry, closely following every major development and analyzing critical events at the heart of the crypto industry. With a keen eye for detail and an unwavering commitment to excellence, Reynaldo has been instrumental in bringing the latest news and insights to the crypto community. Outside of work, Reynaldo enjoys lifting weights and literature, which he believes gives him a unique perspective into the world of crypto. As an aspiring trader, he is always looking for new opportunities to explore and believes that crypto holds the key to unlocking the future of finance.