Coinbase, a prominent cryptocurrency exchange, is preparing to roll out its all-inclusive subscription service, “Coinbase One,” to 35 countries, with customers in the United Kingdom, Germany, and Ireland being the first to gain access.
As unveiled on May 18, “Coinbase One” is set to deliver a suite of offerings including no-fee trading, enhanced staking rewards, and exclusive privileges from collaborations with key industry stakeholders such as Messari and CoinTracker. All these benefits will be available for a monthly fee of $29.99. In an effort to deliver more value to its members, Coinbase has plans to partner with additional entities, including Alto IRA, Blockworks’ Permissionless, and Lemonade.
The new subscription model will also offer members round-the-clock support from a dedicated team, available via phone to help resolve any technical issues related to their accounts promptly. For users in the United States, the subscription service includes an additional convenience – an auto-populated tax Form 8949, which helps simplify the complex process of filing crypto taxes by automatically organizing their transactions.
Earlier, on May 2, Coinbase launched the Coinbase International Exchange, a platform tailored for institutional investors interested in crypto derivatives trading. This move to extend its global presence is seen as a strategic response to regulatory hurdles the exchange has been facing in the United States. However, despite the global expansion initiative, CEO Brian Armstrong reassures users of his unwavering commitment to the U.S. market.
An interesting aspect to consider here is how subscription services such as “Coinbase One” could shape the future of the cryptocurrency industry. By offering enhanced features and dedicated support, these services might attract more users, promoting broader adoption of digital currencies. Furthermore, the integration of tax forms into the service could help demystify the complex process of crypto taxation, potentially lowering the barrier to entry for newcomers to the crypto space.