Coinbase has announced plans to discontinue its Coinbase Pro feature, which means that the services in that package will be moved to the central platform. Coinbase Pro will soon cease to exist as a result of this.
Coinbase intends to improve the user experience by leveraging its central platform and gradually phasing out the Coinbase Pro package.
Coinbase Pro was introduced in 2018 as a “tool for advanced traders to conduct technical analysis and place trades directly with the Coinbase Exchange order book.”
The cryptocurrency exchange is redesigning its mobile app and website to incorporate features previously available on Coinbase Pro into the central platform.
The reason for the redesign was stated in the blog post.
“To resolve this friction and offer customers the best of both worlds, we have rebuilt the full Coinbase Pro advanced trading experience within the Coinbase mobile app and Coinbase.com.”
The company disclosed that users had to use multiple platforms to access the various services offered by the Coinbase umbrella. Consequently, a decision was reached to consolidate all services into a single platform to improve the overall user experience.
The Advanced Trade option will now be available in the Coinbase mobile app as a result of this change.
The Advanced Trade option was described in the blog post as follows,
“Advanced Trade offers more in-depth technical analysis, advanced real-time order books, and charting powered by TradingView to help customers research and analyze crypto markets before making investment decisions.”
The company also intends to add other upgrades to the Advanced Trade feature.
“Over the next several months, we will continue to launch new upgrades to Advanced Trade before beginning to sunset Coinbase Pro.”
Coinbase Pro Users do not need to do anything to transfer their holdings to Coinbase.
“For customers holding funds on Coinbase Pro, there is no action to take—funds will remain safe on Coinbase. “
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