The “sunsetting” will happen later thisyear, a blog postsaid. AdvancedTrade, which is now live on desktop but not onmobile, is already prompting users to migrate their funds over fromPro, a reporter found Wednesday. Perhaps the biggest result of the move will be more accessibility for retail traders who were unaware that they could often find cheaper fees on Pro, which uses a different URL and has a standalone app. Other than accessibility,however, the change appears to have little functional impact on trading onCoinbase. Advanced Trade mirrors Pro in fee structure and tradeexecution, as it interacts directly with the Coinbase exchangeorder book, the blog post said. Coinbase pledged to launch more features for Advanced Trade in the coming months as it gets close to the end for Coinbase Pro, which was formerly known asGDAX. Mobile services are also in theworks, according to the blog post. Sign up for Market Wrap, our daily newsletter explaining what happened today in crypto markets – and why.
Crypto exchange Coinbase (COIN) said Wednesday it will phase out its trader-focused “Coinbase Pro” in favor of “Advanced Trade,” a similar exchange service that unlike Pro lives alongside Coinbase’s other crypto investment products. The “sunsetting” will happen later this year, a blog post said. Advanced Trade, which is now live on desktop but not on mobile, is already prompting users to migrate their funds over from Pro, a reporter found Wednesday. Perhaps the biggest result of the move will be more accessibility for retail traders who were unaware that they could often find cheaper fees on Pro, which uses a different URL and has a standalone app. Other than accessibility, however, the change appears to have little functional impact on trading on Coinbase. Advanced Trade mirrors Pro in fee structure and trade execution, as it interacts directly with the Coinbase exchange order book, the blog post said. Coinbase pledged to launch more features for Advanced Trade in the coming months as it gets close to the end for Coinbase Pro, which was formerly known as GDAX. Mobile services are also in the works, according to the blog post. Sign up for Market Wrap, our daily newsletter explaining what happened today in crypto markets – and why. By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our terms of services and privacy policy.
