Coinbase Announces Coinbase Pro – New Trading Platform for Crypto Investors

Coinbase Announces Coinbase Pro - New Trading Platform for Crypto Investors

Coinbase recently announced the acquisition of their new platform Coinbase Pro today, which is a newer version of their current trading platform GDAX.

According to their blog, Coinbase Pro is an evolution of GDAX which was designed specifically for individual crypto traders. The new platform has been created to make trading easier and intuitive for the novice crypto trader. It will offer such features like a simplified deposit and withdraw process, as well as allowing customers to use services like “staking” and “protocol voting”.

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The new Paradex relay platform will integrate within the Coinbase Pro system which will allow customers to trade 100s of tokens directly from their online wallet. This will expand the type of cryptocurrency in which the customer will be allowed to access through Coinbase. The company announced that this new service will be made available initially to users outside the US before being released to US clients.

Coinbase Pro and GDAX will work in tandem until June 29, 2018. After this date all crypto traders will be seamlessly rolled over to the new platform. Currently, GDAX is the seventh largest exchange in terms of 24 hour trade volume. Coinbase hopes to increase this volume with their new platform.

The company also recently announced the new creation of their larger investment platform Coinbase Index Fund and Coinbase Index in March. This would require a minimum investment of $10,000 with a 2% annual management fee. This platform was created for larger institutional investors.

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