Nansen CEO Criticizes High Coinbase Advanced Trading Fees

Nansen’s Alex Svanevik challenges Coinbase Advanced’s new fee structure, noting a 1.2% taker and 0.6% maker fee based on trading activity or asset holdings.

Summary

Nansen CEO Alex Svanevik criticized Coinbase Advanced’s updated fee structure, pointing out that his account was charged a 1.2% taker fee and 0.6% maker fee. These fees are determined by the user’s trading activity or asset holdings over the last 30 days.

Terms & Concepts
  • Maker Fee: A charge applied when placing an order that adds liquidity to the order book.
  • Taker Fee: A charge applied when placing an order that removes liquidity from the order book.
  • Coinbase Advanced: A trading platform by Coinbase offering advanced order types and fee structures for experienced traders.