Coinbase Announces June 29 Date for GDAX to Coinbase Pro Trading Platform Transition
Coinbase sent out an email today to all GDAX customers talking about the migration from Global Digital Asset Exchange to ‘Coinbase Pro‘.
The message stated on Friday, June 29, Coinbase will say goodbye to GDAX and officially introduce the new trading platform, Coinbase Pro. They said users can start taking full advantage of this by using pro.coinbase.com right away.
For those who were not aware of the transition (can read news here), Coinbase Pro is gracing traders with a new user interface that is built on top of the same GDAX trading engine. Your entire account balance and history will all be shown on Pro the same way as no further action is required on your end.
Here were the three updates they announced:
- Any balances in your GDAX wallets will automatically be shown on Coinbase Pro
- Any trading history on GDAX will automatically be shown on Coinbase Pro
- Accessing GDAX.com after June 29 will result in being redirected to Coinbase Pro
They also included some news about the GDAX API integreations:
- There will be no disruption to the gdax.com API during this time. GDAX APIs will continue to function until December 31, 2018.
- We encourage Coinbase Pro users to begin migrating their API usage away from api.gdax.com to api.pro.coinbase.com.
Here is a brief review of the events that happened when Coinbase first announced the GDAX to Coinbase Pro transition.
Coinbase recently announced that their popular trading platform—GDAX—will transition to become Coinbase Pro. The platform had previously been respected by individual traders all over the world for its ability to facilitate trading with maximum stability and liquidity. Additionally, GDAX is equipped with the analytic tools necessary to continue to enhance the crypto-trader’s experience.
The transition to becoming Coinbase Pro will lead to several unique changes meant to enhance the functionality and usability of the platform for trading and analytics alike. Developers on the Coinbase team have integrated several additional “tools and services” to help to maximize the effectiveness of the user interface for a better and smoother trading experience.
So far, it seems that the key feature changes to the platform center around this UI renovation. Still, though, the revisions to the original system by Coinbase marks a major change to its core interface, and could garner significant public interest in the revitalized service.
Coinbase Pro Features
It is clear that the primary revisions to GDAX work to make the trading process “more intuitive” and easier for the traders moving coins on the coveted and respected market. Current GDAX customers will immediately be able to access the new site with all of its new capabilities.
Users transitioning to the new platform will immediately be able to access balances and transaction lists in the new Coinbase Pro. Additionally, this information will be available on a completely renovated “My Wallet” portfolio view, which consolidates all account orders and balances in a simple interface.
Another major focus of this new change is the emphasis on simplification of the UI involved in transactions, withdrawals, and deposits. The company highlights these changes, citing the simplified withdrawal and deposit protocol, as well as a new and improved chart system that allows customers to “easily scroll and access” historical transaction and trade information.
The redesigned trading platform also changed aesthetically, and the developers claim that it will make trading “more intuitive” for traders.
GDAX To Coinbase Pro Transition
The transition period is always difficult on some investors, especially considering the vast amount of liquid assets which may be currently tied-up in transactions on the old site while the new becomes functional. In order to offset this problem, Coinbase has offered several features during transition that might help troubled investors involved with the current GDAX exchange platform.
First, investors who currently have money in GDAX will still be able to access all of their trade history, balance, and additional metrics to detail their involvement on the site. More importantly for tax and revenue-tracking purposes, this information will be readily available on the new site as soon as current GDAX users access Coinbase Pro.
GDAX will also operate simultaneously with Coinbase Pro while users transition to the new site. This co-operation will occur until June 29th, at which point customers will be “seamlessly rolled over” to the new site.
The Coinbase team stressed that Coinbase Pro is poised to be both a “world class cryptocurrency exchange” and a “platform for active crypto traders.” The establishment of a genuine community that exchanges and analyzes both trades and information seems to be the goal of this company as it innovates and reforms its most popular platform.