Coinbase, one of the leading cryptocurrency exchanges, has announced the launch of its subscription service, “Coinbase One,” which will be available in 35 countries. Initially, the service will roll out in the United Kingdom, Germany, and Ireland.
Coinbase One aims to provide users with features, including zero-fee trading, enhanced staking rewards, and exclusive benefits through partnerships with industry players like Messari and CoinTracker. All these benefits will be accessible to subscribers for a monthly fee of $29.99.
Coinbase plans to collaborate with partners such as Alto IRA, Blockworks’ Permissionless, and Lemonade to enhance its members’ value proposition, which will bring additional advantages to subscribers.
A significant highlight of Coinbase One is a dedicated support team available 24/7, offering prompt assistance to members through phone support for any technical account issues they may encounter.
Coinbase One will offer United States members the convenience of a pre-filled tax Form 8949 in a move aimed at simplifying tax obligations. This feature automates the organization of cryptocurrency transactions, making it easier for members to file their crypto taxes.
Coinbase’s expansion into international markets, including introducing the Coinbase International Exchange on May 2, is a strategic response to regulatory challenges faced by the exchange in the United States.
However, Coinbase’s CEO, Brian Armstrong, reassures users that the company remains fully committed to the U.S. market despite its global expansion efforts.
The launch of Coinbase One and its comprehensive suite of features and benefits underscores the exchange’s ongoing efforts to provide value-added services to its customers. With its new subscription service, Coinbase aims to attract and retain users by offering a range of perks and a more streamlined trading experience.
As the cryptocurrency industry continues to evolve, Coinbase’s strategic moves position it as a player dedicated to meeting the needs of its expanding user base while navigating regulatory landscapes worldwide.
