Crypto exchange Coinbase is decommissioning the Coinbase Pro trading platform. The Coinbase.com website will receive additional features.
The reason why the professional platform will be closed is due to staff reduction. One of the founders of Coinbase noted that during the bull market, the company bloated and grew more than expected.
PRO functions will be taken over by the main platform. This will provide deeper engagement with lending, staking, applications, and further progress on the project roadmap.
The phasing out of Coinbase Pro will be gradual. In the coming months, a number of updates to Advanced Trade will be released, adding TradingView based charts and advanced order books. Users do not need to withdraw funds. They will be safe.
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