Coinbase, the largest cryptocurrency exchange in the United States, is aiming to discontinue Coinbase Pro and integrate its functionality into mobile apps and websites through its Advanced Trade. publication June 23rd.
According to the announcement, the current settings require users to rely on different feature sets when using Coinbase Pro and Coinbase.com. With Coinbase Pro, experienced traders can trade and interact directly with exchange purchase orders. Coinbase.com, on the other hand, offers benefits such as staking, borrowing, and access to dApp wallets, to name a few.
As a result, most users need to move funds back and forth between the two products to meet the needs of crypto trading on the exchange. To address this shortcoming, Coinbase has rebuilt Coinbase Pro’s advanced trading experience within Coinbase.com and the Coinbase mobile app.
Coinbase is currently adding functionality to Advanced Trade and will replace Coinbase Pro. The exchange plans to begin shutting down Coinbase Pro later this year.
For each Coinbase,
Advanced Trade has all the features of Coinbase Pro, but has been upgraded with the most seamless Coinbase experience, making informed trading faster and easier.
Improved user experience
Before announcing plans to phase out Coinbase Pro, Coinbase redesigned its mobile app to add a dApp browser. The dApp browser makes it easy for exchange users to search for decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and games.
according to demo The browser home page posted to your Coinbase Wallet Twitter account consists of top-level dApps that allow users to seamlessly complete token exchanges. In addition, the dApp browser features a bookmark page and auto-complete search capabilities to further streamline the user experience.
Coinbase also released a beta version of the NFT Marketplace last month. However, the market has not yet increased its pace. So far Coinbase NFT Recorded a volume of $ 2,587,035. The market reached a maximum of $ 209,392.70 per day on June 1. In contrast, High seas Recorded a volume of $ 47,701,583 on the same day.
Despite Coinbase’s efforts to create a comprehensive platform, the company still faces fierce competition. For example, Binance.US Release Yesterday’s Bitcoin (BTC) zero-fee trading is positioning itself to attract more BTC adopters as the bear market intensifies.
As Binance.US is trying to extend this offer to other tokens, other exchanges will need to lower their trading fees or adopt a similar free trading structure to stay competitive.
