- Brian Armstrong tweeted about a Coinbase feature called Advance Trade.
- The CEO of Coinbase claimed that the Advance Trade feature can be used by professional traders across the web and mobile.
- Coinbase started the migration process to Advance Trade in different phases.
Brian Armstrong, the co-founder and CEO of Coinbase, tweeted about a Coinbase feature for professional traders called Advance Trade. The CEO of Coinbase claimed that the Advance Trade feature can be used across the web and mobile.
Initiating the migration from Coinbase Pro to Advance Trade, the crypto exchange has claimed that they have sent emails to customers regarding how to operate and transfer funds efficiently.
Moreover, Coinbase claimed that the migration to Advance Trade will be conducted in different phases to ensure maximum security.
In June, Coinbase released the Advance Trade feature as an alternative for its Coinbase Pro customers. According to the statement, Advanced Trade is equipped with all the capabilities of Coinbase Pro but upgraded to provide Coinbase customers with the most seamless experience enabling them to make faster and easier informed trades.
To provide a seamless experience, Coinbase customers could gain rewards up to 7% Annual Percentage Yield (APY) on eligible balances like USDC staked ETH and more. Advanced Trade also consists of additional Coinbase-wide security infrastructure like 24/7 monitored cold storage facilities, USD held at FDIC-insured institutions, YubiKey for mobile, and vaults.
In future, Advance Trade will include features such as mobile stop limit orders, additional charting, order form upgrades, and full REST API and WebSocket support. Coinbase claims that they hope to become a hub for advanced traders.
After FTX’s demise, crypto investors have started to pull Bitcoin from crypto exchanges including Coinbase. Last month, analysts observed that over 91,363 Bitcoins have been pulled from crypto exchanges such as Binance, Kraken, and Coinbase.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
