Coinbase to begin sunsetting Coinbase Pro later in 2022
Later this year, Coinbase will begin sunsetting Coinbase Pro to migrate all advanced trading into one unified Coinbase account, bringing customers access to popular features like staking, Borrow, dapp wallet, and Coinbase Card from a single platform balance.
Over the coming weeks, Coinbase will be rolling out Advanced Trade in the Coinbase mobile app along with other improvements to make Advanced Trade an upgrade from Coinbase Pro for every customer.
Advanced Trade is equipped with all the capabilities of Coinbase Pro, but upgraded with the most seamless Coinbase experience to make informed trades, faster and easier. Advanced Trade offers more in-depth technical analysis, advanced real-time order books, and charting powered by TradingView to help customers research and analyze crypto markets before making investment decisions.
It also offers improved order flows to make it easier and faster to place market, limit, or stop limit orders directly on Coinbase Exchange, which offers one of the deepest pools of liquidity.
All this is within a single account balance so customers can access automated staking rewards to earn up to 5% APY on eligible crypto balances like USDC, ETH2, and DAI.
Advanced Trade is also augmented by additional Coinbase-wide security infrastructure like 24/7 monitored cold storage facilities, USD held at FDIC-insured institutions, YubiKey for mobile, and vaults.
Coinbase will also be adding mobile stop limit orders, additional charting and order form upgrades, and full REST API & WebSocket support soon. Looking forward, Advanced Trade will serve as a hub for Coinbase’s most advanced traders, improving even more as it launches new features. Until then, existing customers will still have access to Coinbase Pro.
For customers holding funds on Coinbase Pro, there is no action to take. Coinbase says their funds will remain safe. Meanwhile, customers are welcome to begin using Advanced Trade on the Coinbase mobile app and Coinbase.com.
To get started, customers will need to fund their Coinbase accounts if they haven’t already by depositing funds or transferring funds directly from Coinbase Pro by following these steps:
- Log into Coinbase Pro and select “Portfolios”
- Choose “Withdraw” on the top right
- Select the cryptocurrency you want to transfer, or “All Portfolios” to transfer all assets to Coinbase.com
- Choose “Transfer to Coinbase”
- Then visit Coinbase.com/advanced-trade or tap the “Advanced Trade” drop down from the Trade tab in the Coinbase mobile app to get started with Advanced Trade.