Coinbase launches subscription service focused on European expansion.
Cryptocurrency exchange Coinbase continues its efforts to be active outside the US. In line with this goal, Coinbase One will step into the market in 35 different countries.
Coinbase Expands to Europe with Coinbase One
Coinbase, the world’s second-largest crypto exchange, is launching its subscription service Coinbase One in 35 countries to retain users and grow recurring revenue streams while prices remain low.
Coinbase One was first introduced in beta in the fall of 2021. It will be available in the US, UK, Germany and Ireland starting today, the company says. The company will roll out the service in 31 other European countries in the coming months.
According to Phil McDonnell, senior director of product management at Coinbase, the subscription service offers a number of features, including no trading fees, 24/7 customer support, and pre-filed tax return documents.
McDonnell said in his statements:
“Our project may have been very functional 18 months ago. People come, trade, pay a fee, and that was the relationship. There was tons of growth in the bull market 18 months to two years ago, but we wanted customers to stay. That was the inspiration. How do we build a longer, deeper relationship with our customers and make it a win-win?”
