China News Today TheBitTimes.com

Cryptocurrency exchange Coinbase will charge a fee for converting the stablecoin USD Coin (USDC) into USD. According to a Jan. 29 post on the exchange’s website, the cryptocurrency platform will charge a fee when institutional clients make net USDC to USD conversion s over $75 million “over a rolling 30-day period.” Conversions between $75 million and $150 million are subject to a 0.1% fee, while transactions between $150 million and $500 million are subject to a 0.15% fee. The exchange team emphasized that there will be a 0.2% fee for converting USDC into US dollars worth more than $500 million. “Coinbase Prime clients with over $500 million of assets on the platform or holding on average $100 million in USD/USDC over a calendar month are exempt from USDC Conversion Fees.” Coinbase team Additionally, Coinbase exchange liquidity program participants “who meet Tier 1 or Tier 2 requirements” will have USDC conversion fees waived wheneve...

The proposal would have allowed Uniswap’s governing body to receive a percentage of the fees that currently go to liquidity providers. A proposal to enable protocol fees for the Uniswap decentralized exchange failed on June 1, potentially allowing liquidity providers (LPs) to continue to earn all revenue from swaps, according to the proposal’s official webpage. It narrowly missed being passed, with 45.32% of votes going to the “no fee” camp and 42.34% voting to charge liquidity providers one-fifth of the fees they receive from users. Another 12.3% voted to enact a fee charge of one-tenth and 0.04% voted to charge one-sixth. The “no fee” camp won by a plurality, implying that supporters of a protocol fee may have prevailed if they had united behind a specific fee percentage. Uniswap fee switch vote neck and neck in the final hours. Fun fact, I don't think any UNI vote that's passed on snapshot has been turned down once proposed onchain. pic.twitter.com/lasYGYaELM — Matt (@M...