What is Coinbase Pro? Coinbase Rebrands GDAX Crypto Trading Product

Like with most Pro versions, Coinbase Pro is an evolution of its predecessor GDAX, one of the world’s leading platforms for buying, selling, transferring and storing digital currencies.

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Like with most Pro versions, Coinbase Pro is an evolution of its predecessor GDAX, one of the world’s leading platforms for buying, selling, transferring and storing digital currencies.

The announcement of the evolution of GDAX platform to Coinbase Pro was made on Wednesday, May 23, 2018.

Why Coinbase Pro?

Professional or Pro versions of most platforms are known to be comparatively better than their predecessors.

The reason behind the update to a newer version is for the exchange platform to focus specifically on individual crypto traders, suit their needs and become easier and more intuitive.

The announcement of the evolution came just after Coinbase’s acquisition of another peer to peer exchange platform focused mainly on speed, reliability, and non-custodianship; Paradex.

Ever since the acquisition, Coinbase has worked to integrate Paradex relay platform into Coinbase Pro.

The transition from Coinbase to Coinbase Pro has been ongoing ever since the announcement was made over a month ago.

Coinbase has announced that the Pro version of the exchange platform will officially go live on Friday, June 29. After this date,

  • all crypto users who operate accounts on Coinbase will have their accounts automatically upgraded to Coinbase Pro when the upgrade is complete.
  • All trading history on the current platform (GDAX) will automatically be transferred to Coinbase Pro.
  • Accessing GDAX.com (Coinbase) will result in an automatic redirection to Coinbase Pro.

Coinbase Pro is expected to go live on June 29, however, Coinbase has announced that there will be no disruption in the functionality of the GDAX network.

According to Coinbase, GDAX API will continue to function until December 31, 2018, but they have advised all users on the platform to upgrade their bookmarks.

Coinbase Pro is Live

Coinbase has announced that Coinbase Pro is currently live and have encouraged all its users to update their bookmarks in order to get an upgrade to their trading experience on the exchange platform.

According to Coinbase, Coinbase Pro has its interface built on the existing GDAX trading engine in order to focus more on traders.

Coinbase Pro when it goes online with the Paradex integration is expected to support hundreds of new digital assets, which will lead to an expansion in the popular exchange platform.

Click here to view the new interface of Coinbase Pro and migrate to the new API of Coinbase Pro using api.pro.coinbase.com. For more information and Frequently asked questions about the project click here.

GDAX or Coinbase is one of the top ten leading digital assets when ranked by daily trading – exchange volume performed on the platform.

Over the last 24 hours, the trade – exchange volume performed on GDAX is $141,167,103 with BTC – USD trading pair leading the pack with an estimated $51 million USD.

These values are expected to increase exponentially when Coinbase Pro starts supporting more digital assets.

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