Coinbase Pro Increases Fees, Updates Market Structure ‘to Increase Liquidity’
Cointelegraph By Adrian Zmudzinski's orignal article for cointelegraph.com reduced by 47%
Major United States-based cryptocurrency exchange Coinbase announced a new market structure for its professional trading platform, Coinbase Pro, in a blog post published on March 15. The changes include a new fee structure, reportedly designed to increase liquidity, updated order maximums, new order increment sizes, the turning off of stop market orders and added market order protection points. According to the post, Coinbase Pro and Coinbase Prime - the firm's institutional trading platform -. will cease their support for stop market orders. On the other hand, the market protection points that will be introduced both to Coinbase Prime and Coinbase Pro users will amount to 10 percent for all market orders. Economist and trader Alex Krüger complained on Twitter about "Coinbase Pro raising fees for smaller clients by 33% while lowering fees for larger clients." The same user also further commented that "In a rational world, most Coinbase users would now move to Binance." In the same. Twitter thread, Krüger also questioned Coinbase's decision to disable stop market orders, claiming that stop-limit orders sometimes fail to execute because of slippage, suggesting using far off limits on limit orders as a workaround. "Pretty random day to hike all the fees up, Coinbase anticipating a new bull run perhaps?"..
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