- Later this yr, we’ll start sunsetting Coinbase Professional emigrate all superior buying and selling into one unified Coinbase account, bringing clients entry to well-liked options like staking, Borrow, dapp pockets, and Coinbase Card from a single platform steadiness.
- Superior Commerce on Coinbase.com is already out there globally, with the identical volume-based charges as Coinbase Professional.
- Over the approaching weeks, we’ll be rolling out Superior Commerce within the Coinbase cellular app together with different enhancements to make Superior Commerce an improve from Coinbase Professional for each buyer.
- We’ll notify clients once more after we are able to share concrete dates for sunsetting Coinbase Professional.
by Dan Stone, Group Product Supervisor and Andrew Herman, Engineering Supervisor
We launched Coinbase Professional in 2018 as a device for superior merchants to conduct technical evaluation and place trades by interacting straight with the Coinbase Change order e book. Clients have advised us how they love the ability and singular focus of Coinbase Professional for getting, promoting, and swapping crypto.
In the meantime, on Coinbase.com and the Coinbase app, we now have been including superior crypto options to foster deeper engagement with the cryptoeconomy, comparable to staking, Borrow, dapp pockets, and Coinbase Card, along with enhancements to our core buying and selling expertise.
In consequence, many shoppers depend on Coinbase Professional and Coinbase.com for overlapping units of options, and infrequently expertise friction when transferring balances back-and-forth between the 2 merchandise.
To resolve this friction and provide clients the very best of each worlds, we now have rebuilt the complete Coinbase Professional superior buying and selling expertise throughout the Coinbase cellular app and Coinbase.com. As we proceed so as to add extra options to Superior Commerce on Coinbase, we are going to sundown Coinbase Professional later this yr.
World class buying and selling on one platform
After creating a greater various for our Coinbase Professional clients, we launched Superior Commerce on Coinbase.com earlier this yr. Superior Commerce is provided with all of the capabilities of Coinbase Professional, however upgraded with probably the most seamless Coinbase expertise to make knowledgeable trades, quicker and simpler.
Superior Commerce gives extra in-depth technical evaluation, superior real-time order books, and charting powered by TradingView to assist clients analysis and analyze crypto markets earlier than making funding selections.
It additionally gives improved order flows to make it simpler and quicker to position market, restrict, or cease restrict orders straight on Coinbase Change, which gives one of many deepest swimming pools of liquidity.
All that is inside a single account steadiness so clients can entry automated staking rewards to earn as much as 5% APY on eligible crypto balances like USDC, ETH2, and DAI.
Superior Commerce can also be augmented by extra Coinbase-wide safety infrastructure like 24/7 monitored chilly storage services, USD held at FDIC-insured establishments, YubiKey for cellular, and vaults.
Extra Superior Commerce updates, coming quickly
We’re excited to proceed constructing Superior Commerce as an upgraded expertise for Coinbase Professional clients, with cellular app assist now launching.
We’ll even be including cellular cease restrict orders, extra charting and order kind upgrades, and full REST API & WebSocket assist quickly. Wanting ahead, Superior Commerce will function a hub for our most superior merchants, bettering much more as we launch new options. Till then, present clients will nonetheless have entry to Coinbase Professional.
Over the following a number of months, we are going to proceed to launch new upgrades to Superior Commerce earlier than starting to sundown Coinbase Professional. We’ll share updates as we accomplish that. For purchasers holding funds on Coinbase Professional, there isn’t a motion to take- funds will stay protected on Coinbase. In the meantime, clients are welcome to start utilizing Superior Commerce on the Coinbase cellular app and Coinbase.com.
To get began, clients might want to fund their Coinbase accounts in the event that they haven’t already by depositing funds or transferring funds straight from Coinbase Professional by following these steps:
- Log into Coinbase Professional and choose “Portfolios”
- Select “Withdraw” on the highest proper
- Choose the cryptocurrency you need to switch, or “All Portfolios” to switch all property to Coinbase.com
- Select “Transfer to Coinbase”
- Then go to Coinbase.com/advanced-trade or faucet the “Advanced Trade” drop down from the Commerce tab within the Coinbase cellular app to get began with Superior Commerce
To study extra about Superior Commerce, try the newest ideas and tutorials on Coinbase Study, and observe us on Twitter @Coinbase for extra updates.