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Tl:dr
- Later this yr, we’ll start sunsetting Coinbase Professional emigrate all superior buying and selling into one unified Coinbase account, bringing clients entry to fashionable options like staking, Borrow, dapp pockets, and Coinbase Card from a single platform steadiness.
- Superior Commerce on Coinbase.com is already out there 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 clients 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 instrument for superior merchants to conduct technical evaluation and place trades by interacting immediately with the Coinbase Trade order ebook. Prospects have advised us how they love the facility and singular focus of Coinbase Professional for purchasing, promoting, and swapping crypto.
In the meantime, on Coinbase.com and the Coinbase app, we now have been including superior crypto options to foster deeper engagement with the cryptoeconomy, corresponding to staking, Borrow, dapp pockets, 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 sometimes expertise friction when transferring balances back-and-forth between the 2 merchandise.
To resolve this friction and provide clients the most effective of each worlds, we now have rebuilt the total Coinbase Professional superior buying and selling expertise inside the Coinbase cellular app and Coinbase.com. As we proceed so as to add extra options to Superior Commerce on Coinbase, we’ll sundown Coinbase Professional later this yr.
World class buying and selling on one platform
After growing a greater different for our Coinbase Professional clients, we launched Superior Commerce on Coinbase.com earlier this yr. Superior Commerce is provided with all of the capabilities of Coinbase Professional, however upgraded with probably the most seamless Coinbase expertise to make knowledgeable trades, quicker and simpler.
Superior Commerce presents extra in-depth technical evaluation, superior real-time order books, and charting powered by TradingView to assist clients analysis and analyze crypto markets earlier than making funding choices.
It additionally presents improved order flows to make it simpler and quicker to put market, restrict, or cease restrict orders immediately on Coinbase Trade, which presents one of many deepest swimming pools of liquidity.
All that is inside a single account steadiness so clients 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 services, 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 clients, 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. Trying ahead, Superior Commerce will function a hub for our most superior merchants, bettering much more as we launch new options. Till then, present clients will nonetheless have entry to Coinbase Professional.
Over the subsequent a number of months, we’ll proceed to launch new upgrades to Superior Commerce earlier than starting to sundown Coinbase Professional. We are going to share updates as we accomplish that. For patrons holding funds on Coinbase Professional, there is no such thing as a motion to take- funds will stay secure on Coinbase. In the meantime, clients are welcome to start utilizing Superior Commerce on the Coinbase cellular app and Coinbase.com.
To get began, clients 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 Professional and choose “Portfolios”
- Select “Withdraw” on the highest proper
- Choose the cryptocurrency you wish to switch, or “All Portfolios” to switch all property 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
To study extra about Superior Commerce, take a look at the most recent suggestions and tutorials on Coinbase Study, and comply with us on Twitter @Coinbase for extra updates.
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