Goodbye Coinbase Pro
Coinbase Pro is described as “a tool for advanced traders to perform technical analysis and place trades by interacting directly with the Coinbase Exchange order book.” It was introduced in 2018 for technical analysts and traders. However, from July this service will be discontinued and features such as staking, borrowing, dapp wallet and Coinbase Card will be brought to the standard Coinbase app and Coinbase.com website as Coinbase Pro will cease. to exist.
All Coinbase Pro features will be added to Advanced Trade which users will be able to access through their accounts on the standard app. Moreover, users who already have their funds in the business app can remain stress-free as those funds will be safe.
The decision was made to reduce the friction between the users of the two apps and also to allow users to access all the benefits provided by Coinbase and Coinbase Pro under one roof.
Advanced Trade was introduced by Coinbase to offer similar services to the Coinbase Pro app. However, the company will now improve the performance and functionality of the Advanced Trade feature on Coinbase before the “sunset” of the professional version is over.
“Advanced Trade offers deeper technical analysis, advanced real-time order books, and charts powered by TradingView to help clients research and analyze the crypto markets before making investment decisions,” adds the blog.
Advanced Trade also offers “enhanced order flow to make it easier and faster to place market, limit or stop limit orders directly on Coinbase Exchange, which offers one of the deepest pools of liquidity” .