Coinbase International Exchange users who provide significant liquidity are eligible for additional incentives. Users will be placed into fee tiers based on their previous month percent of total volume and/or USDC balances. The exchange will evaluate the tiers on a monthly basis. Higher rate limits may be provided to Tier 1 clients of the Liquidity Program in accordance with the restrictions of the exchange.
Please note that users who trade through certain third-party platforms may not be eligible for our Liquidity Program fee tiers, which are intended for users trading directly on Coinbase International Exchange.
Below are the fee schedules effective as of February 1, 2025.
Coinbase International Exchange Liquidity Program Tiers: Perpetuals
Tier | $ adjusted volume in month | and/or | Average Open Interest | and/or | USDC Balance* | Maker Fee | Taker Fee |
|---|---|---|---|---|---|---|---|
Liquidity Program Tier 1 | >5.0% | or | >$20m | or | >$100M | -0.007% | 0.012% |
Liquidity Program Tier 2 | >2.0% | or | >$15m | or | >$75M | -0.005% | 0.014% |
Liquidity Program Tier 3 | >1.0% | or | >$5m | or | >$50M | -0.003% | 0.016% |
Coinbase International Exchange Liquidity Program Tiers: Spot
Tier | $ double sided volume in month | and/or | USDC Balance* | Maker Fee | Taker Fee |
|---|---|---|---|---|---|
Liquidity Program Tier 1 | >1.0% | or | >$0M | -0.005% | 0.005% |
*USDC balance and Open Interest is measured as the average USDC balance and average Open Interest in the month, snapped hourly across the month.
Rebates are paid in real time and are reflected on trade fills.
Adjusted volume is calculated after assigning maker and taker multipliers to each asset. The % adjusted volume calculation in a month is an individual organization’s adjusted volume in the month / the sum of all other participants’ adjusted volume in the month (i.e. matched volume *2).
The average of hourly USDC balance snapshots from the month. Pending orders and unrealized P&L is not included in the balance calculation.
The average of hourly Open Interest snapshots from the month. Pending orders and unrealized P&L is not included in the balance calculation.
Fees are applied at the beginning of each month and remain in effect through the end of the month.