Coinbase will discontinue the Coinbase Pro platform by year’s end while creating a new advanced trading interface

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By the end of the year, the American cryptocurrency trading platform Coinbase Global Inc. plans to shut down its Coinbase Pro platform.

The exchange claimed that the decision was motivated by its group’s attempts to redesign how users engage with its platform as it works to create a more adaptable trading ecosystem.

Coinbase claims to have created a new interface, the Advanced Trading Branch, which can now be accessed through its main platform, to eliminate the friction its divided platforms naturally provide for users. While the Coinbase Pro platform will continue to be accessible to some users, professional traders are looking for more sophisticated charting. While some customers will still have access to the Coinbase Pro platform, professional traders can now use the Advance Trade branch for more sophisticated charting.

To eliminate this friction and give customers the best of both worlds, Dan Stone, Group Product Manager, and Andrew Herman, Engineering Manager, rebuilt the entire Coinbase Pro advanced trading experience within the Coinbase mobile app and Coinbase.com. They noted that many customers rely on Coinbase Pro and Coinbase.com for overlapping features and frequently experience friction when transferring balances back and forth between the two products. Later this year, we will sunset Coinbase Pro as they continue to add new capabilities to Advanced Trade on Coinbase.

The exchange will create a single interface via which all its goods and services can be accessed while also expanding the Advance Trade platform’s functionality to match modern exchange requirements.

To keep up with the escalating competition in the American crypto trading market, Coinbase is making every effort. In addition, Binance.US said this week that it had eliminated fees for a few Bitcoin (BTC) trading pairs, which may encourage additional users in the days ahead.

Users will have access to new goods, such as staking, which has a competitive interest rate, and advanced trading claims Coinbase.

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