The Bitcoin exchange Coinbase will open access to the Coinbase One service in the United Kingdom, Ireland and Germany.
— Coinbase ?️ (@coinbase) May 18, 2023
The paid-subscription product (priced at $29.99 per month) offers commission-free trading, around-the-clock customer support and enhanced staking rewards.
The company told TechCrunch about plans to launch the service in a further 31 European countries.
For Coinbase, subscription products represent a \”predictable revenue stream.\” They complement the volatile inflows from trading commissions, whose volumes fluctuate across different phases of the market cycle.
Revenue from the American firm’s subscription services in the first quarter of 2023 more than doubled the level for the same period a year earlier, at about $362 million.
Coinbase began testing the paid-subscription service in late 2021. It was initially available to a limited number of users.
The American cryptocurrency exchange announced the expansion of its suite of services for customers in Singapore.