Coinbase updated prices for 9 stable pairs

Coinbase reported last Tuesday, June 1, through its Twitter account, that it has updated its prices for 9 stable pairs and, in addition, indicated that they intend to continue adding additional pairs “with competitive prices”.

La imagen tiene un atributo ALT vacío; su nombre de archivo es Coinbase.jpg
Image on Coinbase’s Twitter post

“Coinbase’s mission is to increase economic freedom in the world. An open financial system will provide better access to financial services for all and allow greater economic freedom for individuals and businesses. A critical part of making this mission successful is continuing to develop a healthy and liquid exchange of crypto assets. Today we announced that we have updated our prices for 9 “stable pairs” and we will continue to add additional pairs with competitive prices”, he said through an article published on his website.

In his view, stable pairs, or a price quote between two cryptocurrencies where the price is designed to be linked to some external reference such as the USD, play an important part of the crypto ecosystem by allowing users to benefit from multiple financing options and instant settlement.

According to the company, the stable pair market has multiplied by 10 in volume of operations during the last 6 months. Taking advantage of its fiduciary rails and its USDC issuer status, “we are confident that the introduction of stable pairs to the market will be an attractive offering for our global user base”.

Also read: 0x Project has integrated 0xAPI with Polygon

The company commented that as of June 1, Coinbase Pro on stable pairs is simply 0 bps for creator volumes, 1 bps for taker volumes for all volume tiers.

Stable torque rates

Price level = All volume levels

Manufacturer Fee = .00%

Receiver Fee = .01%

Similarly, he assured that Coinbase clients will be able to access these stable pairs through the Coinbase Exchange, which is the deep pool of liquidity that underpins many of our trusted commercial, institutional and retail products. Our exchange is one of the most liquid regulated spot cryptocurrency exchanges in the world and has a dynamic fee structure for high volume trading.

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