Coinbase to Shut Down its Platform for Professional Traders

Cryptocurrency exchange Coinbase has announced it will close Coinbase Pro, its platform for professional traders. According to the exchange, its functionality will be transferred to the main platform as part of the Advanced Trade initiative.

The company has noted customers appreciated the capabilities of the service launched in 2018. Coinbase Pro allows users to conduct technical analysis and trades directly interacting with the order book.

According to the statement:

“Meanwhile, in the Coinbase app, we have added advanced crypto-economy interactions such as staking, borrowing, decentralized wallet, and payment card, in addition to improvements to our trading interface.”

As a result, many users relied on both platforms due to overlapping features, having difficulty transferring balances between products. Coinbase has decided to address these issues by expanding the core app options.