Coinbase Will Suspend Coinbase Pro

　　Coinbase Global Inc, an American cryptocurrency trading platform, has announced plans to shut down its Coinbase Pro platform before the end of the year.

　　The exchange stated that the decision was prompted by its combined efforts to redesign how its users interact with its platform in order to provide a more flexible trading ecosystem.

　　Coinbase said it has developed a new interface, the Advanced Trading Branch, which it said can now be accessed through its main platform, in an effort to cut off its split platforms, which naturally produces friction for customers. While the Coinbase Pro platform will remain available for some customers, advanced traders seeking further intricacy in their charting can now use the Advance Trade branch.

　　“Many customers rely on Coinbase Pro and Coinbase.com for overlapping sets of features, and often experience friction when transferring balances back-and-forth between the two products,” said Dan Stone, Group Product Manager, and Andrew Herman, Engineering Manager, adding that “to resolve this friction and offer customers the best of both worlds, we have rebuilt the full Coinbase Pro advanced trading experience within the Coinbase mobile app and Coinbase.com. As we continue to add more features to Advanced Trade on Coinbase, we will sunset Coinbase Pro later this year.”

　　The exchange will make all of its products and services available through a single interface, while also expanding the Advance Trade platform's capabilities to match the needs of a modern exchange organization.

　　Coinbase is doing all possible to keep up with the increasing competition in the American crypto trading market. Binance.US revealed earlier this week that it has reduced costs for certain Bitcoin (BTC) trading pairs, a move that may increase patronage in the coming days.

　　According to Coinbase, customers will be able to access new goods, including staking with a competitive interest rate, in addition to advanced trading.

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