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What Happened to Coinbase Pro?

Move as꧋ide, Coinbase Pro: Coinbase Adꦯvanced Trade is here!

Coinbase logo.

CFOTO / Future Publishing / Getty Images)

In June 2022, Coinbase announced that it would be suns🌞etting Coinbase Pro and replacing it with Coinbase Advanced Trade. The addition of new features—such as staking and the Coinbase Card—to and the Coinbase app gave traders the exchange's full suite of advanced crypto investment services on a single platform.

Key Takeaways

  • Coinbase Advanced Trade replaced Coinbase Pro in 2022.
  • Coinbase Advance Trade is for experienced and professional cryptocurrency traders.
  • The new service streamlines all of the cryptocurrency services into one platform.

What Is Coinbase Advanced Trade?

Coinbase Advanced Trade is Coinbase’s advanced trading platform that targets professional crypto traders🐷 and investors.

Advanced Trade enables crypto holders to utilize an extended variety of chart analysis tools, earn up to 4.1% on USDC, and earn on their staked crypto (in certain states and jurisdictions). They can also benefit from additional security features while paying low volume-based fees similar to Coinbase Pro.

How Did the Switch Impact Trading on Coinbase?

Advanced Trade users can trade all 500+ cryptocurrency trading pairs, more than were available on Coinbase Pro, with the same liquidity and order types.

Traders can use a broader suite of technical analysis indicators, such as MACD, RSI, and 澳洲幸运5官方开奖结果体彩网:Bollinger Bands, powered by TradingView. As a result, they are less likely to need third-party charting tools, alleviating the need🐼 to click out of the trading dashboard.

Rewards

Advanced Trade users can also earn staking rewards for crypto assets, such as USDC and staked ETH (ETH2). This feature was not previously available to Coinbase Pro users, providing a more streamlined crypto asset management and trading experience.

Important

Some states have restricted staking cryptocurr🍨ency on Coinbase, so it's best to update your account and ensure you're to avoid issues.

Fees

Trading fees are ♚charged depending on your trading volume, as pricing on Advanced Trade is volume-based𒁃.

Security

Advanced Trade users also benefit from Coinbase’s security infrastructure, which includes monitored cold storage facilities, U.S. dollar balances held at FDIC-insured institutions, YubiKey support for mobile app users, and the ability to store funds in Coinbase vaults.

How Can New Customers Get Started on Coinbase?

If you would like to start using Coinbase to manag𓆉e your crypto investments, you need to visit to register a new account. Alternatively, you could download the Coinbase app on your smartphone.

To set up a new account, take ⛦the follow꧅ing steps: 

  1. Click on “Sign .”
  2. Type in your full name, email address, password, and state, and click on “Create account” (on the web) or “SIGN UP” (on mobile).
  3. Verify your email address by clicking on the link in the email you receive from Coinbase.
  4. Add your mobile number for verification and click “Send code” (on web) or “Continue” (on mobile). 
  5. Enter the seven-digit code you receive via text and click on “Submit” or “Continue.”
  6. Add your personal information as part of Coinbase’s identity verification process and answer the questions concerning your source of funds and employment situation.
  7. Verify your identity by uploading a government-issued photo ID document. 
  8. Set up two-factor authentication to protect yourself against unauthorized access to your account by third parties.
  9. Link a payment method to complete the account setup.

Once ꦛyou have completed the Coinbase registration process, you can open an Advanced Trade account within the Coinbase app by clicki๊ng on “Advanced Trade” on the “Trade” dropdown menu on the mobile app or by accessing .

What Is Advanced Trading on Coinbase?

Coinbase Advance💯d Trade is🍌 the platform for experienced and professional cryptocurrency traders.

What Is the Difference Between Coinbase Advanced and Coinbase One?

Coinbase One is a subscription-based membership with more benefits than a non-paying membership. Co൲inbase Advanced is for professional and advanced traders.

How Do I Switch to Coinbase Advanced Trade?

You can toggle the Advanced Trade option on the mobile app. On the desktop, you can select "Switch to Advanced Trade" after clicking on your profile picture.

The Bottom Line

Coinbase Pro was replaced by Coinbase Advanced Trade in 2022. The platform allows traders to trade more than 500 cryptocurrencies and 237 USDC pairs with low fees and the full suite of tools Coinbase offers.

Article Sources
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