Coinbase, one of the most important companies in the cryptocurrency world, announced that its trading platform GDAX will now be working as Coinbase Pro. Back on May the 24th, the company launched this new product in order to replace GDAX.
Coinbase Pro has been created as next generation trading platform that improves GDAX, launched three years ago. This service allows individuals to trade cryptocurrencies in a user-friendly platform.
According to the company, the transition to Coinbase Pro will begin on June the 29th and GDAX will not exist anymore after this date. All the trading history, assets, and information from GDAX will now appear in Coinbase Pro.
— GDAX (@GDAX) June 18, 2018
On June the 18th, the official GDAX’s Twitter account wrote that they were going to make a transition to Coinbase Pro.
The official press release uploaded by Favid Farmer, General Manager of Coinbase Pro, reads as follows:
“Coinbase Pro is a new interface built on top of the existing GDAX trading engine that has been designed with the needs of the active trader in mind. No action is necessary from you right now, but please note that after June the 29th, you will not be able to access gdax.com.”
GDAX’s API will continue to work until December the 31st, 2018 and the company suggests to move from api.gdax.com to api.pro.coinbase.com.
For those interested users, Coinbase Pro is already available and the company is pushing its users to try the platform and enjoy the different features that Coinbase is offering.
Another important thing to mention is that Coinbase Index Fund, which was launched on March the 7th, will be opened for investments from $250,000 to $20 million dollars for US accredited investors. Moreover, Coinbase has recently added support to a new currency known as Ethereum Classic (ETC) and more assets could be listed in the platform very soon.
Additionally, Coinbase introduced Coinbase Suite of Institutional Products, specifically designed for institutional clients.