What is Coinbase Pro?

Coinbase is one of the oldest, most well-respected, and well-established crypto exchanges in the industry. They are the largest US exchange by trading volume, and second largest in the world after Binance.

Coinbase was also the first crypto exchange to go public and is known for being very regulation friendly, which makes them a favourite for many crypto traders and institutions. Coinbase had originally set up shop for its headquarters in San Francisco, but like many tech companies, has decided to become location independent with no established headquarters as the company establishes a stronger global presence.

With an already successful crypto platform for buying, selling and hodling crypto, Coinbase had a trading platform called GDAX for more serious traders who needed charting functionality and different options for order execution. Coinbase rebranded GDAX to Coinbase Pro in 2018.

Coinbase Pro is a trading platform for individual traders that offers a secure and easy way to buy, sell, and trade digital assets.

Coinbase Pro vs Coinbase

There seems to be quite a bit of confusion among users about what the difference is between Coinbase and Coinbase Pro, hopefully, this can help clear things up a bit.

Both exchanges are owned by Coinbase Global Inc, both let users use fiat to buy crypto, and both platforms can be accessed with the same login credentials on different platforms.

Coinbase is fantastic for beginners and many crypto veterans will likely tell you that they purchased their first crypto on Coinbase. The beauty is in its simplicity, no-frills, no fancy features, no difficult-to-navigate screens, just a clean, easy-to-use basic interface for simple buying, selling, holding, and swapping crypto assets.

More seasoned users and traders will opt to use Coinbase Pro for the advanced options, charting functionality, trading pairs, and lower fees. Users pay considerably more for the ease and simplicity of Coinbase, Coinbase Pro is much easier on the wallet once you learn how to navigate the platform.

 

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