- Later this 12 months, we’ll start sunsetting Coinbase Professional emigrate all superior buying and selling into one unified Coinbase account, bringing prospects entry to in style options like staking, Borrow, dapp wallet, and Coinbase Card from a single platform stability.
- Advanced Trade on Coinbase.com is already accessible globally, with the identical volume-based charges as Coinbase Professional.
- Over the approaching weeks, we’ll be rolling out Superior Commerce within the Coinbase cellular app together with different enhancements to make Superior Commerce an improve from Coinbase Professional for each buyer.
- We’ll notify prospects once more once we are able to share concrete dates for sunsetting Coinbase Professional.
by Dan Stone, Group Product Supervisor and Andrew Herman, Engineering Supervisor
We launched Coinbase Professional in 2018 as a software for superior merchants to conduct technical evaluation and place trades by interacting immediately with the Coinbase Alternate order e book. Clients have instructed us how they love the facility and singular focus of Coinbase Professional for getting, promoting, and swapping crypto.
In the meantime, on Coinbase.com and the Coinbase app, we’ve been including superior crypto options to foster deeper engagement with the cryptoeconomy, comparable to staking, Borrow, dapp wallet, and Coinbase Card, along with enhancements to our core buying and selling expertise.
Because of this, many purchasers depend on Coinbase Professional and Coinbase.com for overlapping units of options, and infrequently expertise friction when transferring balances back-and-forth between the 2 merchandise.
To resolve this friction and supply prospects the very best of each worlds, we’ve rebuilt the complete Coinbase Professional superior buying and selling expertise throughout the Coinbase cellular app and Coinbase.com. As we proceed so as to add extra options to Superior Commerce on Coinbase, we are going to sundown Coinbase Professional later this 12 months.
World class buying and selling on one platform
After growing a greater different for our Coinbase Professional prospects, we released Advanced Trade on Coinbase.com earlier this 12 months. Superior Commerce is supplied with all of the capabilities of Coinbase Professional, however upgraded with probably the most seamless Coinbase expertise to make knowledgeable trades, sooner and simpler.
Superior Commerce affords extra in-depth technical evaluation, superior real-time order books, and charting powered by TradingView to assist prospects analysis and analyze crypto markets earlier than making funding choices.
It additionally affords improved order flows to make it simpler and sooner to put market, restrict, or cease restrict orders immediately on Coinbase Alternate, which affords one of many deepest swimming pools of liquidity.
All that is inside a single account stability so prospects can entry automated staking rewards to earn as much as 5% APY on eligible crypto balances like USDC, ETH2, and DAI.
Superior Commerce can be augmented by extra Coinbase-wide safety infrastructure like 24/7 monitored chilly storage amenities, USD held at FDIC-insured establishments, YubiKey for cellular, and vaults.
Extra Superior Commerce updates, coming quickly
We’re excited to proceed constructing Superior Commerce as an upgraded expertise for Coinbase Professional prospects, with cellular app help now launching.
We’ll even be including cellular cease restrict orders, extra charting and order type upgrades, and full REST API & WebSocket help quickly. Wanting ahead, Superior Commerce will function a hub for our most superior merchants, enhancing much more as we launch new options. Till then, present prospects will nonetheless have entry to Coinbase Professional.
Over the following a number of months, we are going to proceed to launch new upgrades to Superior Commerce earlier than starting to sundown Coinbase Professional. We’ll share updates as we achieve this. For purchasers holding funds on Coinbase Professional, there is no such thing as a motion to take- funds will stay protected on Coinbase. In the meantime, prospects are welcome to start utilizing Advanced Trade on the Coinbase cellular app and Coinbase.com.
To get began, prospects might want to fund their Coinbase accounts in the event that they haven’t already by depositing funds or transferring funds immediately from Coinbase Professional by following these steps:
- Log into Coinbase Pro and choose “Portfolios”
- Select “Withdraw” on the highest proper
- Choose the cryptocurrency you wish to switch, or “All Portfolios” to switch all belongings to Coinbase.com
- Select “Switch to Coinbase”
- Then go to Coinbase.com/advanced-trade or faucet the “Superior Commerce” drop down from the Commerce tab within the Coinbase cellular app to get began with Superior Commerce