Coinbase, the US exchange with global reach, announced that it will apply new fees to institutional clients who exchange dollars for the stablecoin USD Coin (USDC), provided they are dealing with large-volume transactions.

The Coinbase team announced this in a press release, quoted by The Block, where they pointed out that institutional clients who change between 75 – 150 million will have to pay a fee of 1 %; 0.15 % for those who make transactions between 150 – 500 million dollars; and the commission will be 0.2 % if they exceed 500 million.

However, he also indicated that there will be exceptions for high-end institutional clients. For example, Coinbase Prime users who have more than $500 million in assets on the platform, or whose average trades exceed $100 million in both fiat and USDC for 30 days, will not pay commissions.

The other case is for clients of the liquidity program of their main exchange, as long as they are in Level 1 or Level 2, they will be free of commissions as long as they are chosen from the group of beneficiaries.

K. Tovar

Source: Diariobitcoin

(Reference image source: rc.xyz NFT gallery, Unsplash)

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La entrada Coinbase will charge fees on large USDC changes apareció primero en Bitfinance.

The Nasdaq stock exchange recently indicated the launch of its custody service for cryptocurrencies that will benefit institutional clients. This was indicated to the media by the vice president of the organization, Tal Cohen, who added that Ira Auerbach, who comes from Gemini, will be in charge of this division.

The move represents a big step in the cryptocurrency ecosystem. At the moment, it will offer a custody service for Bitcoin and Ethereum. But it is planned to diversify into other digital assets.

The development of the crypto custody solution is in charge of the Nasdaq Digital Assets section. Corporate clients will subsequently have liquidity and execution services. Cohen told Diario Bitcoin: “I can’t think of a better place to bring that trust and brand to the market than Nasdaq.”

Despite the fact that the second stock market in the United States is still awaiting approval by the New York Department of Financial Services (NYSDFS), the expressions of enthusiasm from the ecosystem have not been long in coming.

Auerbach, who is in charge of the new digital asset section, told Bloomberg: “We think this next wave of the revolution will be driven by mass institutional adoption.”

M.Pino

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Source: hispanopost

La entrada Nasdaq launched Bitcoin and Ethereum custody service for institutional clients apareció primero en Bitfinance.