Coinbase to stop covering Bitcoin network fees and removes support for bits

Digital currency exchange Coinbase today provided a list of updates dubbing it “spring cleaning” time for the popular San-Francisco headquartered company. The most significant of which is network fees for on-chain transactions will now be passed on to clients of the exchange, which you can read more about in detail below.
Coinbase Product Manager Ankur Nandwani stated:

“We’ve made some hard product decisions and will be rolling out a few changes in the next several weeks. We try a lot of new ideas at Coinbase, but we also value a product that is free from clutter. This requires us to periodically take a hard look at which features are being used, and do some housekeeping. To fulfill our mission of creating an open financial system for the world, we will continue to experiment with new and innovative products.”

Here’s is the list of upcoming product changes: