Coinbase, the largest US-based exchange, faces pushback from industry leaders following its move to impose new limits on fee-free stablecoin conversions. After recent complaints involving account restrictions and freezes, the decision has also rekindled concerns about user trust and centralization. Is This Still Crypto? Coinbase Sparks Fury Over USDC Exit Penalties Crypto market participants are back grappling with a question they hoped they had left behind- is the industry different from traditional finance (TradFi)? Coinbase exchange, long touted as a gateway to the decentralized economy, is under fire after announcing a new fee structure for USDC conversions. Starting August 13, the exchange will introduce a 0
source: https://beincrypto.com/coinbases-usdc-fee-shift-bank-trap/