Cryptocurrency trading platform Coinbase plans to launch its service Coinbase One in 35 countries. The features will initially be available to customers in the United Kingdom, Germany, and Ireland. The service aims to provide fee-free trading, double-share rewards, and exclusive perks for members in exchange for a monthly fee of $29.99. Coinbase is also working with other partners to offer additional benefits to its members.
Coinbase One offers a dedicated support team available 24/7 to provide technical assistance to members. The service also provides a pre-filled tax form to simplify the process of filing taxes on cryptocurrencies for members in the United States.
As part of its international expansion, Coinbase introduced a new platform for trading derivative cryptocurrencies. This announcement comes in response to the regulatory challenges faced by Coinbase in the United States. Despite the international expansion, Coinbase’s CEO emphasized his continued commitment to the U.S. market.