Get Into Cryptocurrency Trading Today

Coinbase, in May 2018, launched a global cryptocurrency trading exchange. San Francisco-based digital currency called Coinbase Pro.

Only two years later and, looking at CoinMarketCap’s digital asset exchange rankings. CoinbasePro resides in second place on Web Traffic Factor. A measure of popularity based on web traffic activity.

Read on to find out how this new exchange achieved such a high ranking on CoinMarketCap. In a short amount of time. What is the difference between Coinbase and Coinbase Pro? And what the benefits of using Coinbase Pro compared to other platforms?

What is Coinbase Pro?

Coinbase Pro is a rebranding of a platform called Global Digital Asset Exchange (GDAX). Operating a continuous first-come, first-serve order book. This is the second name change that the platform has received in 2016, known as Coinbase Pro changed its name to ‘GDAX’ from its original title: Coinbase Exchange.

The rebranding aims to integrate the product to larger brand identity of Coinbase. And the branding has come full circle.

Coinbase created the platform in 2015. Targeting and cater to professional retail and institutional investors. As a complement to its original product, which is “for everyone.”

Coinbase Pro describes itself as the most trusted platform for trading cryptocurrency. Representing something of an upgraded version of Coinbase’s regular services. It is available to customers in the US, the United Kingdom, and selected countries of Europe.

Coinbase Honest Review

Founded in 2012, San Francisco, as a digital currency wallet and trading platform. Coinbase was the first licensed U.S. bitcoin exchange.

The vanilla suite of Coinbase products includes:

Coinbase Wallet, USD Coins/USDC (a stablecoin pegged to the U.S. Dollar and owned/operated by Coinbase). And Earn (an educational resource which offers courses. with some offering rewards from sponsoring token issuers).

Coinbase partnerships include Visa. A relationship from back in February 2019. The marked first pure-play crypto group to become one of Visa’s Principal Members. Besides, the altcoin digital assets business.

Why Should You Use Coinbase Pro?

It supports 28 cryptocurrencies which you can buy and sell. Besides, a selection of fiat currency options. These tokens include Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC).

Beyond being second place behind Binance on CoinMarketCap’s ‘Web Traffic Factor ranking. Coinbase Pro is also ranked third place behind Bibox and Bitfinex. Among exchanges by Avg Liquidity. The result of averaging the liquidity scores of a cryptocurrency exchange’s “most liquid” market pairs.

It offers an “industry-leading API,” promising users easy access to real-time market data. While the other enables the programming of custom trading bots. All digital assets stored on Coinbase Pro come with up to $250,000 cover via FDIC insurance).

Users can enjoy lower trading fees for high volume trading. Compared to those on the regular Coinbase platform. Through a web browser-based interface, as well as a mobile app for Android devices.

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