Closing Coinbase Pro and merging trading services

When Coinbase Pro was introduced in 2018, it was intended to accommodate more than 250 cryptocurrencies and offer unlimited trading volumes.

As the bitcoin exchange disclosed intentions to revamp its services to integrate them into one platform, Coinbase’s professional trading platform, Coinbase Pro (CP), would be discontinued.

The cryptocurrency trading company with headquarters in the US made the official announcement on Wednesday that it will begin sunsetting CP in order to consolidate all sophisticated trading services into a single Coinbase account.

The services offered by Coinbase Pro will move to Advanced Trade, the new trading area available on the exchange’s website. When it was first introduced in March 2022, the area offered traders in-depth analysis and real-time trading on Coinbase.

The release states that Advanced Trade will charge the exact same volume-based fees as CP. Data from Coinbase’s official website at the time of writing indicates that Coinbase Pro’s fees range from 0 percent to 0.6 percent depending on volumes and taker or maker orders.

As the exchange continues to roll out additional, pre-planned updates to Advanced Trade, Coinbase Pro will progressively migrate to this service over the coming months.

Coinbase added that it will inform consumers of the precise dates for the sunsetting of Coinbase Pro:

For customers holding funds on Coinbase Pro…