GDAX currently has a trading volume of over $280 million, but that isn’t stopping Coinbase from removing the program altogether.
Coinbase is launching Coinbase Pro, a new platform that is designed to completely replace GDAX but also make it easier for users to trade altcoins.
The easier process of buying and selling alternative digital currencies is due to the fact that withdrawal and deposit features are much more simple with Coinbase Pro. In addition to these simplified features, users will have access to better charts as well as to historical data.
Although Coinbase is definitely planning to completely eliminate GDAX on June 29th, users will still be able to retain their data; every bit of data will be transported to Coinbase Pro.
Coinbase, which is based in San Francisco, also has plans to launch a wallet in the future, which will be called a Coinbase Wallet.
The Coinbase Wallet will incorporate features from both the Toshi toolkit as well as the relay platform, Paradex.
Combining these two technologies is vital to the success of the Coinbase Wallet because it will allow users to trade hundreds and hundreds of tokens at one time directly from their Coinbase Wallets.
Everyone loves to be teased now and then, and Coinbase did tease its members a few months ago by hinting at these very plans to introduce Coinbase Pro and the Coinbase Wallet to members of the site.
Coinbase has been going strong since it hit the scene, and because of its simplicity, it is continuing to rise in popularity, especially among amateur traders.
Coinbase is currently earning an average $2.7 million per day, but with these changes that will help the platform to be even simpler to navigate and even more accessible, those earnings can be expected to rise in the near future.