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Coinbase will launch Advanced Trade as a replacement for Coinbase Pro

Coinbase will launch Advanced Trade as a replacement for Coinbase Pro

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Coinbase, the largest crypto exchange in the US, is looking to shut down Coinbase Pro and integrate its features into its mobile app and website through the company’s Advanced Trade. announced 23 June.

Per the announcement, the current setup forces users to rely on different sets of features when using Coinbase Pro and Coinbase Pro allows experienced traders to place trades and interact directly with the exchange’s order book., on the other hand, offers perks such as staking, lending, and access to a dApp wallet, to name a few.

As a result, most users have to move funds back and forth between the two products to meet their crypto trading needs on the exchange. To address this shortcoming, Coinbase has recreated the Coinbase Pro advanced trading experience within and the Coinbase mobile app.

At the moment, Coinbase is adding the feature to Advanced Trade, which will serve as a replacement for Coinbase Pro. The exchange plans to shut down Coinbase Pro later this year.

per coinbase,

Advanced Trade is equipped with all the capabilities of Coinbase Pro, but upgraded with the most intuitive Coinbase experience to make informed trades faster and easier.

User Experience Improvement

Before announcing plans to phase out Coinbase Pro, Coinbase redesigned its mobile app to include the DApp browser. The DApp browser will enable users of the exchange to easily find decentralized finance (DeFi) protocols, non-fungible tokens (NFTs) and games.

according to a demo Posted on the Coinbase Wallet Twitter account, the browser’s homepage includes top dApps that allow users to seamlessly complete token swaps. Additionally, the DApp browser has bookmarked pages and autocomplete search functionality, further streamlining the user experience.

Coinbase also introduced the beta version of its NFT marketplace to the public last month. However, the market has not picked up yet. So far, coinbase nft A volume of $2,587,035 has been recorded. The market hit its highest daily volume on June 1 at $209,392.70. opposite of this, open sea Recorded a volume of $47,701,583 on the same day.

Despite Coinbase’s efforts to build an all-inclusive platform, the company still faces stiff competition. For example, Binance.US launched Zero-fee trading for Bitcoin (BTC) tomorrow, positions itself to attract more BTC adopters as the bear market intensifies.

As Binance.US looks to expand this offering to other tokens, other exchanges will have to either reduce their trading fees or adopt a similar zero-fee trading structure to remain competitive.

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Coinbase will launch Advanced Trade as a replacement for Coinbase Pro

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