Key takeaways:
- Crypto exchange Coinbase will be phasing out Coinbase Pro in favor of Advanced Trade
- Advanced Trade is a suite of sophisticated trading tools and investment options available on the Coinbase platform
- The Coinbase Pro platform will be retired later this year
Coinbase is retiring its “Pro” platform after four years of service
The Coinbase cryptocurrency exchange announced on Wednesday that it will be “sunsetting” the Coinbase Pro platform and migrating advanced trading features into one “unified Coinbase account” later in 2022.
According to the official blog post, Advanced Trade, a suite of advanced trading tools that first started rolling out in March to Coinbase desktop users, will be hitting the Coinbase mobile app in the coming weeks. Advanced Trade features all the capabilities of Coinbase Pro but in a streamlined interface that has made Coinbase one of the most popular trading platforms among crypto newcomers over the years.
Beyond the attributes previously available on Coinbase Pro, like unlimited trading volume and an expanded roster of supported cryptocurrencies, Advanced Trade also features sophisticated real-time order books and a wider range of technical analyses.
In addition, the platform upgrade will allow Coinbase users to access other advanced features, like crypto staking, dApp wallet, and Coinbase card through a unified account.
Coinbase Pro launched in 2018, tailored to the needs of advanced crypto investors who found Coinbase’s basic trading offering lacking in market order variety, and other buying, selling, and swapping crypto services.
The Coinbase team says they will notify users about the exact date Coinbase Pro will be phased out.
