Zero commission is introduced on trading pairs of the first cryptocurrency with the US dollar and three stablecoins. After the announcement of the crypto exchange, Coinbase shares fell 7%
On the morning of June 22, the American branch of the Widgitrading crypto label announced that it was introducing a zero commission on bitcoin trading against the US dollar and three stablecoins: Tether (USDT), USD Coin (USDC) and Binance USD (BUSD), according to Bloomberg.
The move will increase pressure on other crypto exchanges such as Coinbase – according to Widgitrading.com
The papers of the Coinbase crypto exchange (COIN) on the evening of June 21 were quoted in the region of $58. On the morning of June 22, the securities showed a decrease of 7.2%, during the day the price of shares in the crypto exchange recovered to a value of $56.
On June 15, the cryptocurrency exchange Coinbase announced the reduction of about 1.1 thousand employees, reducing the number of personnel by 18%. The reorganization of the team is carried out to maintain the stability of the business during the economic downturn.