Coinbase has asked its customers in a survey if they’re willing to pay for a subscription in order to get lower transaction fees.

In today’s world, subscriptions are an everyday part of life. Everyone has subscriptions to multiple services, such as Netflix, Hulu, Amazon, online games, and internet and cable. Now it seems that a subscription may be entering into the cryptocurrency ecosystem. Coinbase, the U.S.-based crypto exchange, is floating the idea of a paid subscription for its customers.

Would You Sub to Coinbase?

The exchange recently sent out an email to its customers containing a survey. It asked users to rate from 1 to 5 (1 showing very little interest while 5 shows extremely interested) on whether they were willing to pay a “modest subscription fee.”

The subscription fee appears to be for Coinbase Pro, but the benefit of paying a subscription fee would be “lower maker [and taker] fees and other perks.” Essentially, users would pay lower transaction fees, which is something that everybody could get behind.

To be honest, this is a good idea. First, it will generate a set amount of revenue for the exchange, something that is steady and could be counted on. (Not a bad thing in this volatile environment.) Second, users who make a lot of trades would save money over the course of the month (or however long the standard subscription period will last for).

While Coinbase may lose some revenue from heavy traders, their revenue stream would be more stable.

One Busy Exchange

Coinbase has been one busy bee lately. In mid-December, it announced that U.S. customers would be able to withdraw funds directly into their PayPal accounts once such accounts were linked with the user’s exchange account.

The exchange also partnered up with the developers of ZRX to push adoption of their 0x coin. Users could gain a small amount of 0x by watching videos or taking a survey. Coinbase also had the distinction of having the largest digital asset transfer when they moved 5 percent of all BTC, 8 percent of all ETH, and 25 percent of all LTC in circulation into their new cold storage system.

Finally, BitcoinerX reported just over a week ago that Coinbase CEO Brian Armstrong signed the Giving Pledge. By doing so, he has committed himself to giving away a large portion of his fortune to charitable causes.

Would you be willing to pay a subscription fee for lower transaction costs? Let us know in the comments below.

Images courtesy of Pxhere, DepositPhotos, and Shutterstock.