Cryptocurrency exchange Coinbase has announced plans to sunset its professional trading platform, Coinbase Pro, and consolidate all services under a single unified interface. The move aims to streamline user experience by eliminating feature redundancy and operational friction between platforms.
Key Changes in Coinbase’s New Structure
- Retirement of Coinbase Pro: The platform will be phased out later in 2022.
- Advanced Trade Integration: All advanced trading tools will migrate to the primary Coinbase platform.
- Unified Account Access: Users can manage staking, borrowing, Dapp wallets, and Coinbase Card features from a single balance.
- Mobile and Web Accessibility: Advanced Trade is already available via Coinbase’s mobile app and website, with expanded features rolling out soon.
Why Coinbase Pro Is Being Discontinued
According to Coinbase’s official blog post, the decision stems from overlapping functionalities between Coinbase Pro and the standard platform. The separation created unnecessary complexity for users managing multiple accounts.
Dan Stone (Group Product Manager) and Andrew Herman (Engineering Manager) explained:
"Advanced Trade consolidates advanced trading tools into one unified Coinbase account, eliminating the need to switch platforms."
Transition Timeline and User Impact
- No Immediate Action Required: Funds held on Coinbase Pro remain secure and will automatically transition to the unified platform.
- Feature Upgrades: Advanced Trade will soon include enhanced charting tools, order types, and liquidity options before Coinbase Pro’s official shutdown.
👉 Explore Advanced Trade features now
Broader Context: Coinbase’s Strategic Shifts
This consolidation follows Coinbase’s recent workforce reduction of 18%, attributed by CEO Brian Armstrong to macroeconomic challenges and crypto market downturns. The merger of trading platforms aligns with the company’s focus on operational efficiency during volatile market conditions.
FAQs About Coinbase’s Platform Changes
1. Will my Coinbase Pro assets be lost during the transition?
No. All funds and portfolios will seamlessly transfer to the unified Coinbase platform.
2. How does Advanced Trade differ from Coinbase Pro?
Advanced Trade offers identical professional tools (e.g., limit orders, candlestick charts) but integrates them with Coinbase’s retail features like staking and debit card services.
3. Can I still use APIs for trading?
Yes. API support will continue under Advanced Trade with updated documentation.
4. When will Coinbase Pro shut down completely?
The exact date hasn’t been disclosed, but the transition will conclude by late 2022.
👉 Learn more about unified trading benefits
Final Notes
Coinbase’s move reflects the crypto industry’s push toward simplified user experiences without sacrificing advanced functionality. By merging Coinbase Pro’s capabilities into its flagship platform, the exchange aims to cater to both novice and professional traders more effectively.