Coinbase, a leading cryptocurrency exchange platform is set to close down its advanced trader’s tool, Coinbase pro. It has been announced by the platform that Coinbase pro will shut down later this year.
The exchange made this announcement on Wednesday, June 22, 2022. It was reported that Coinbase pro, which was launched in 2018 by the exchange would be replaced by advanced trading features. This would give customers access to its decentralized app wallet, staking, and borrowing.
These new features were announced at the beginning of March and are currently available online. Advanced trade features will be available on the Coinbase mobile app in the coming weeks, according to Wednesday’s announcement.
The Coinbase pro tool is for advanced traders looking to conduct technical analysis and place trades by interacting directly with the Coinbase order book.