Coinbase To Shut Down ‘Pro’ Offering and Merge Services
Users will be able to access advanced trading options from a unified Coinbase account.
On Thursday, June 23, Coinbase announced that it will be shutting down its “Coinbase Pro” offering and merging the services it offered to its main platform. Users will still be able to use advanced trading features like staking, borrowing, and the use of decentralized apps (dapps).
Past: You used Coinbase for staking, Pro (fka GDAX) for manual trading, and Exchange APIs for API trading.
Future: You can use Coinbase for everything—manual trading, staking and API trading.https://t.co/XpODCCsNRl
— Coinbase (@coinbase) June 23, 2022
Over the course of the next few weeks, Coinbase plans to integrate the “Advanced Trade” offerings into its mobile app, which it says is an upgrade from Coinbase Pro for every customer. As for pricing, the new offering will have the same volume-based fees as Coinbase Pro.
As it stands now, many traders using Coinbase Pro and Coinbase.com have experienced minor inconveniences when transferring balances between the two products. The exchange shared that the new combined Advanced Trade is created to resolve any friction and offer clients the best of both worlds.
In the blog post, the platform shared that it will soon be adding mobile stop-limit orders, additional charting, order form upgrades, and full REST API & WebSocket support. All of the integrations are a combined effort to create a hub for the platform’s most advanced traders.
At the time of writing Coinbase has not shared an exact date for the migration and closure of Coinbase Pro, only that it would take place later this year and that it would keep users up to date on advancements.
Elsewhere in Web3, Meta rolls out “Meta Pay” and reveals future plans for a metaverse wallet.