Coinbase terminates Coinbase Pro and launches the Advanced Trade module

Coinbase will discontinue Coinbase Pro, its professional trading platform, to unify its services into a single solution. As a result, the cryptocurrency exchange will roll out a new option dubbed “Advanced Trade”. It is a module integrated into its mobile application and its website which includes all the functionalities of Coinbase Pro.

End clap for Coinbase Pro

Coinbase will to initiate the dissolution of Coinbase Pro and adopting “Advanced Trade”, an equivalent offer which will merge with the other services of the exchange.

This removal is the result of friction observed in financial transactions, caused by the fact that certain options of Coinbase Pro and Coinbase.com overlapped.

Therefore, the objective of this update is to improve the user experience by allowing its customers to access its full range of crypto investment products from a balance and a unique interfaces. Also, it aims to facilitate accessibility to advanced features for small traders.

At this time, the exact dates of the decommissioning of Coinbase Pro are unknown. The exchange has assured that it will make arrangements to notify its users in a timely manner.

However, the two services will co-exist until Coinbase Pro is permanently retired. The cryptocurrency exchange said that: “For customers holding funds on Coinbase Pro, there is no action to take – funds will remain safe on Coinbase”.

The new Advanced Trade feature

Introduced in November 2021, Advanced Trade is expected to include additional features compared to Coinbase Pro. Also, while it will apply similar fees, it is supposed to allow for faster trade execution.

“Advanced Trade offers deeper technical analysis, advanced real-time order books and charts powered by TradingView to help clients research and analyze crypto markets before making investment decisions”can we read in the official press release.

Additionally, it also provides optimized order flow so that it is easier and faster to place orders directly on Coinbase Exchange.

Advanced Trade would have a high level of security, with cold storage infrastructures subject to permanent control and cash provided by the Federal Deposit Insurance Corporation in the United States.

This new feature is currently only available on Coinbase.com. It should also be available on the mobile application in the coming months.

In the current bear market environment, it seems that Coinbase is in the midst of restructuring. This news comes as the exchange has just announced the overhaul of its crypto wallet. In addition, Cointribune recently reported on the hiring freeze and layoff of several platform employees.

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Junie MAFFOCK

I came to blockchain out of curiosity and stayed with it out of passion. I was amazed by the possibilities it offers through its various use cases. With my pen, I hope to help democratize this technology and show how it can help make the world a better place.

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Coinbase terminates Coinbase Pro and launches the Advanced Trade module


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