According to ChainCatcher, Cointelegraph reported that Coinbase announced that starting from August 13th, it will charge a 0.1% fee for USDC to USD exchanges with a net conversion amount exceeding $5 million within 30 days. Coinbase executives stated that this move aims to assess the impact of fees on USDC withdrawal behavior, especially in the context of some competitors charging higher withdrawal fees. Analysts suggest that this policy may be intended to curb users' arbitrage behavior of converting through USDT to USDC and then withdrawing in USD.
Coinbase to Charge 0.1% Fee on USDC to USD Transactions Over $5 Million
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