In a series of tweets on Sep. 17, the exchange said decentralized finance’s explosion in popularity, alongside wider levels of crypto adoption, were key factors in its decision. With networks getting more congested because of higher numbers of transactions (and gas fees going up as a result,) it seemed inevitable this policy wouldn’t be sustainable forever.
With Ethereum gas fees through the roof, Coinbase CEO Brian Armstrong is no longer picking up the tab for Coinbase Pro users (Photo: Techcrunch)