US cryptocurrency exchange Coinbase has just made changes to its pricing policy for trading stablecoins.
According to an announcement shared by the platform, it has updated the prices of nine stablecoin pairs.
From now on, the users of its platform for institutional investors Coinbase Pro will be able to trade pairs such as DAI/USD and USDT/GBP at no cost if they are adding liquidity and at a basis point if they are taking liquidity.
It is worth noting the exchange intends to add additional pairs in the future. Until now, users had to pay 50 basis points for providing and taking liquidity in pairs with stablecoins, whose daily trading volume reached more than $6.6 trillion in 2019.
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The move highlights the company's desire to take advantage of the significant growth in the stablecoin market.
It is not surprising Coinbase has decided to update its policy regarding stablecoins, as the proportion of traded volume denominated by the USDT stablecoin, the largest stablecoin on the market, reached almost 67%, up from 6.8% in June 2017.