The Coinbase-governed GDAX exchange is shutting down its digital asset platform in favor of the enhanced and upgraded Coinbase Pro

On June 29th Coinbase Pro will replace the GDAX exchange to provide various improvements and upgraded features. The team has done everything possible to make the transition to the upgraded version smooth and comfortable for all the users.

Balances and trading history will be transferred to the new platform. Coinbase’s customer support will facilitate the migration.

David Farmer, General Manager of Coinbase Pro, advised users to take full advantage of the upcoming upgrade and to start using the new platform as it is an analog of GDAX.

The GDAX exchange has been around for three years, and it has established itself as one of the most influential companies in the industry for trading, transferring, buying, selling, and storing cryptocurrencies.

Much of its success is due to the trading part of the platform. Traders are not charged commissions and fees retained by the system are just 1% for the conversion of funds. GDAX and the digital currency wallet have already engaged over 20 million users globally.

GDAX exchange is the perfect tool for businesses and institutions. Upon launch, this was the ideal usage. However, the crypto boom in 2017 hauled new requirements.  Since then the company has decided that it’s time to focus on individual crypto traders and Coinbase Pro is the evolution of its predecessor.

Coinbase Pro is designed to meet the needs of the active user to cater specifically to individual crypto traders all over the globe. It offers Insurance protection with USD balances up to a maximum of $250,000 per user covered by the FDIC insurance.

The changes also cover the Industry leading GDAX APIs which let users develop safe programmatic trading bots. The new and corresponding APIs are available to the public, and the company prompts its users not to wait for the last moment to deactivate them. They will be available for use until the end of 2018.

Coinbase is one of the digital currency exchanges that dominate the crypto world. It has already achieved prominence and substantial results and is not preparing to stop its progress. The company plans to take on a large-scale expansion of its operations. The transfer to an upgraded trading platform is one of the proofs of this statement.

Coinbase GDAX Coinbase Pro Bot platform

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