Coinbase Announces Launch of Coinbase Professional, Paradex Acquisition – Bitcoin News

Coinbase Announces Launch of Coinbase Pro, Paradex Acquisition - Bitcoin News

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Cryptocurrency exchange Coinbase has announced the newest version of its GDAX trading toneelpodium, Coinbase Professional.

Coinbase has announced Coinbase Professional, the fresh version of its trading podium GDAX, ter a blog postbode Wednesday. The announcement comes on the same day spil Coinbase&rsquo,s acquisition of relay toneelpodium Paradex.

According to the Coinbase blog postbode, Coinbase Voor is an evolution of GDAX, which is specifically designed for individual crypto traders. Coinbase says that the fresh product wasgoed made specifically to suit the needs of individual traders, ter addition to making the verhoging &ldquo,lighter and more intuitive.&rdquo, Coinbase Voor will offerande fresh features such spil simplified deposit and withdrawal processes, te addition to letting customers take advantage of services like werkstaking and protocol voting.

Coinbase will integrate the Paradex relay toneel into Coinbase Voor which, according their blog postbode, will let customers trade &ldquo,hundreds of tokens directly from their wallets.&rdquo, This would markedly expand expand the types of cryptocurrencies to which customers will have access through Coinbase. The blog postbode states that the fresh service will be made available to customers outside the US before eventually being suggested to American clients.

Paradex, which has Ten employees according to Reuters, is considered a decentralized exchange, because it does not hold custody of tokens on behalf of users, rather clients trade ERC20 tokens directly from their wallets. The financial details of the acquisition were not mentioned ter the blog postbode.

GDAX and Coinbase Professional will operate te tandem until June 29, 2018, after which &ldquo,all customers will be seamlessly flipped overheen&rdquo, to the fresh toneelpodium.

Te March, Coinbase announced the creation of both the Coinbase Index Fund and Coinbase Index. The Coinbase Index Fund is a &ldquo,basket of digital assets&rdquo, including all of GDAX&rsquo,s four coins: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Contant (BCH). The fund requires a ondergrens investment of $Ten,000 with a Two procent annual management toverfee. GDAX is presently the seventh largest exchange te terms of 24 hour trade volume, which wasgoed $365.95 mln at press time.

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2 Responses

  1. CarebearMama says:

    Well they talent us a month long warning “If you want to access BTH, stir your coins” so the onus is on us. Maybe wij Coin Colchoneta’rs get an Xmas present. ( BTH is up 30% spil I write this)

  2. Doc says:

    I think they said by January 1, 2018…so hopefully bitcoin contant’s blockchain drapes around at least long enough for people that have money ter coinbase

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