Uniswap Labs to Charge 0.15% Fee on Crypto Swaps Involving ETH, USDC, Other Tokens

Uniswap Labs, the key company building atop decentralized crypto exchange Uniswap, will impose a 0.15% fee starting Tuesday on trades involving ETH, USDC and other tokens. Only swaps that execute through Uniswap Labs’ front end will be taxed.

The fee is different from Uniswap’s existing “protocol fee” that’s managed by governance voters. It’s being levied by Uniswap Labs in an effort to “sustainably fund our operations,” a blog post said.