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Coinbase Pro To Stop Working At The End Of 2022

The Coinbase Pro professional trading platform will be shutting down later this year. Coinbase is gradually integrating cross-wallet balance and trading features into a single account.

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Among Coinbase’s many product branches, Coinbase Pro was launched in 2018 to cater to professional traders with over 250 cryptocurrencies.

However, it seems that too many product branches confuse users. So, this US-based exchange decided to gradually combine advanced trading features into a single address, Coinbase.com. All trading features are integrated into Advanced Trade – with trading volume, coin pairs, and fee structure similar to Coinbase Pro.

According to the announcement from Coinbase:

“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. As we continue to add more features to Advanced Trade on Coinbase, we will sunset Coinbase Pro later this year.”

This improvement aims to improve the user experience and gradually remove the overly troublesome features of the floor. Coinbase is the leading cryptocurrency exchange in the US, but it is struggling because of the overall gloomy situation of the market.

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Meanwhile, Coinbase’s rising rival in the US market, Binance.US, announced free Bitcoin trading to attract new users. In addition, CZ revealed that Binance US is considering a roadmap for an IPO. When Coinbase struggled to cut staff, Binance still promoted recruitment.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.