Coinbase to Replace GDAX with Coinbase Pro by July
- The exchange says that the new platform is more intuitive and offers extra features.
Coinbase has announced that it will be transferring its Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term customers to a new Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term by next year, according to a company press release.
The new platform is called Coinbase Pro.
Coinbase customers currently use an exchange called GDAX, which is itself a rebranding of 'Coinbase Exchange' that was made in May 2016.
According to the press release, GDAX was designed for use by institutions, but the company has since discovered through its experience with GDAX that there are also individual customers.
The release says that Coinbase Pro is redesigned to be easier to use. Customers' GDAX and Coinbase Pro accounts will be linked, so they will be able to see their balance in either automatically. Trading fees and security features remain the same between the platforms too.
All activity will be mirrored on both platforms until the 29th of June when everyone will be transferred to Coinbase Pro.
Dabid Farmer, General Manager of Coinbase Pro, said: "By enabling both investments and the utilization of cryptocurrency, we’re offering customers a unique opportunity to begin truly participating in the cryptocurrency ecosystem. For example, our vision is to give customers the ability to participate in services like staking and protocol voting that are distinct to crypto. As the decentralized ecosystem advances, we expect there will be many more opportunities for customers to interact with digital assets in new and unique ways."
San Francisco-based Coinbase is one of the biggest cryptocurrency exchanges in the world, handling approximately $376 million in trading daily according to coinmarketcap.com.
In February it told its customers that it was going to be handing over their data to the US tax authority, or at least data pertaining to the richest among them, following the loss of a lawsuit concerning this issue.
It is currently facing at least two lawsuits - one from a customer who accuses the company of insider trading, and the other is concerned with the exchange keeping money that failed to be sent for whatever reason, instead of keeping it for itself.
Recently it acquired a couple of other businesses as part of its expansion plans.
Coinbase has announced that it will be transferring its Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term customers to a new Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term by next year, according to a company press release.
The new platform is called Coinbase Pro.
Coinbase customers currently use an exchange called GDAX, which is itself a rebranding of 'Coinbase Exchange' that was made in May 2016.
According to the press release, GDAX was designed for use by institutions, but the company has since discovered through its experience with GDAX that there are also individual customers.
The release says that Coinbase Pro is redesigned to be easier to use. Customers' GDAX and Coinbase Pro accounts will be linked, so they will be able to see their balance in either automatically. Trading fees and security features remain the same between the platforms too.
All activity will be mirrored on both platforms until the 29th of June when everyone will be transferred to Coinbase Pro.
Dabid Farmer, General Manager of Coinbase Pro, said: "By enabling both investments and the utilization of cryptocurrency, we’re offering customers a unique opportunity to begin truly participating in the cryptocurrency ecosystem. For example, our vision is to give customers the ability to participate in services like staking and protocol voting that are distinct to crypto. As the decentralized ecosystem advances, we expect there will be many more opportunities for customers to interact with digital assets in new and unique ways."
San Francisco-based Coinbase is one of the biggest cryptocurrency exchanges in the world, handling approximately $376 million in trading daily according to coinmarketcap.com.
In February it told its customers that it was going to be handing over their data to the US tax authority, or at least data pertaining to the richest among them, following the loss of a lawsuit concerning this issue.
It is currently facing at least two lawsuits - one from a customer who accuses the company of insider trading, and the other is concerned with the exchange keeping money that failed to be sent for whatever reason, instead of keeping it for itself.
Recently it acquired a couple of other businesses as part of its expansion plans.