By
Godfrey Benjamin
April 23rd, 2024
The trading platform that has been around for three years is replaced with its improved analogue. The new solution specially designed for individual crypto traders is already available for users.
Coinbase is one of the most influential companies in the crypto sphere. This digital currency wallet and platform has already attracted over 20 million users. Much of the success of Coinbase is due to its trading platform GDAX. But times are changing and the company has announced the transition to Coinbase Pro. This information has appeared on GDAX official blogand twitter.
GDAX has been in use for three years and still proves to be a reliable platform for crypto trading. However, the industry does not stand still. GDAX was a perfect solution for the institutions. That was a reasonable choice for the time when the platform was created. But the crypto boom of 2017 has identified the new requirements of the crypto sphere. Coinbase has decided that it is time to switch the focus to the individuals.
Coinbase Pro was launched on May 24th, as previously reported by CoinSpeaker. That is not a completely new technology – Coinbase Pro is built on top of the existing GDAX technology. It is already available for testing so that the users can try the platform before the transition is made.
The cut-off date for the GDAX platform is set to June 29th. From this day on gdax.com will become unavailable. Coinbase has done his best to make the transaction to Coinbase Pro smooth and comfortable for users. Both balances in GDAX wallets and trading history will be shown on the new platform.
The changes also affect the GDAX APIs. The time limit for the API is not as strict as for the web platform: GDAX APIs will be available for usage till the end of this year. However, the new corresponding APIs are already available to the public and the company encourages its users not to wait for the deactivation of GDAX APIs. The migration to api.pro.coinbase.com is simple and Coinbase Customer Support is always here to help the users.
Coinbase is one of the companies that are dominating the crypto sphere. Even though it has already achieved significant results, it definitely has no intention to stop its progress. The transfer to the new trading platform is not the only proof of this statement.
The recent news from Coinbase suggests that the company plans on a massive expansion of its operations. Some important steps are taken in the sphere of legal issues: the company plans to get itself registered with the US Securities and Exchange Commission. The new status will open up new opportunities for the blockchain giant.
Other news worth mentioning is Coinbase’s Crypto Index Fund becoming available to the US-resident accredited investors. This work fully falls within the overall strategy of the platform. Coinbase is at the forefront of the crypto sphere and it is constantly developing to maintain its leading position.