Introducing Advanced Trading Features on Coinbase

Coinbase previously announced that it would discontinue Coinbase Pro from November 9th, restructuring its services into a single unified platform. Traders now only need one Coinbase account. Coinbase Pro was initially designed for more advanced traders who required detailed trade analysis, but it required users to transfer funds between their primary accounts and other features. This complex process became cumbersome for experienced traders, making it necessary to combine all the best features into one convenient section—’Advanced Trade’.

Key Improvements in Advanced Trade for Coinbase Users

Advanced Trade replaces Coinbase Pro as the more sophisticated platform for experienced traders. It provides a secure and user-friendly way to buy and sell digital assets with a variety of trading pairs. The platform offers features like TradingView-powered interactive charts, along with advanced order types. These charts include tools such as drawing tools, EMA, MA, MACD, RSI, and Bollinger Bands. Additionally, Advanced Trade enables experienced users to access features previously available only on the main Coinbase account, including staking, dApp wallet, Coinbase Card, and Borrow. The advanced real-time order books enhance market evaluation, offering improved order flow for market, limit, and stop orders.

Advanced Trade also introduces new features that weren’t available on Coinbase Pro. These include DeFi rewards, where users can earn up to 5% APY on tokens like ATOM, DAI, USDC, ALGO, ETH2, and XTZ.

The platform now provides an upgraded security system with Yubikey for mobile devices, vaults, and USD funds held in FDIC-insured institutions. Its cold storage facilities are continuously monitored to ensure maximum security.

Enhancements to Coinbase’s Outstanding Features

Coinbase has stood out as one of the leading crypto exchanges, having earned the trust of millions of users. Its impressive liquidity is supported by the high volumes of crypto traded on the platform. Coinbase has achieved these milestones by maintaining high-quality features, including the recent introduction of Advanced Trade.

Coinbase has long been praised for its simple user interface, which is especially appealing to beginners with no prior crypto experience. While the addition of more features and cryptocurrencies may have slightly complicated the interface, these upgrades serve the greater benefit of its users. Coinbase’s apps remain among the most downloaded in the crypto space, particularly for beginners, due to their ease of use.

In addition to its user-friendly interface, Coinbase offers a wide selection of cryptocurrencies for spot trading. Whether a token is popular or not, it is likely to be available on Coinbase.

Now, beginners can conveniently learn to trade through Advanced Trade, eventually becoming seasoned pros. Experienced traders can now access all of Coinbase’s advanced features in a single, consolidated place. The exchange even rewards users with free cryptocurrency as they learn. Advanced Trade is unique in the crypto exchange world, offering advanced trading tools without requiring a subscription fee.

Coinbase Security Measures, Proof of Reserves, and Liabilities

The crypto community has called for greater transparency in the wake of the collapse of FTX. The fall of FTX was shocking to many, but the demand for transparency had already been growing. Coinbase was one of the first exchanges to publish its Proof of Reserves and Liabilities to promote transparency for both experienced traders and beginners, as well as for regulatory bodies. The exchange’s CEO has publicly distanced Coinbase from the practices that contributed to FTX’s downfall and assures that customer funds are safe and secure.

Coinbase went public with an IPO, which subjects the company to audits and provides further opportunities for investment. Its funds are stored offline in cold storage wallets to minimize security risks. Additionally, Coinbase encourages users to activate two-factor authentication to secure their accounts and take full advantage of the new Advanced Trade features. CryptoChipy will continue to provide you with all the latest Coinbase news and updates.