Coinbase to Substitute GDAX with Coinbase Professional by July – The Bitcoin News
Coinbase has announced that it will be transferring its exchange customers to a fresh trading toneelpodium by next year, according to a company press release.
The fresh toneel is called Coinbase Voor.
Coinbase customers currrently use an exchange called GDAX, which is itself a rebranding of &lsquo,Coinbase Exchange&rsquo, that wasgoed made te May 2018.
According to the press release, GDAX wasgoed designed for use by institutions, but the company has since discovered through its practice with GDAX that there are also individual customers.
The release says that Coinbase Voor is redesigned so spil to be lighter to use. Customers&rsquo, GDAX and Coinbase Professional accounts will be linked, so they will be able to see their balanceo ter either automatically. Trading fees and security features remain the same inbetween the platforms too.
All activity will be mirrored on both platforms until the 29th of June, when everyone will be trasferred to Coinbase Professional.
Dabid Farmer, Común Manager of Coinbase Voor, said: &ldquo,By enabling both investments and the utilization of cryptocurrency, wij&rsquo,re suggesting customers a unique chance to start truly participating ter the cryptocurrency ecosystem. For example, our vision is to give customers the capability to participate te services like werkstaking and protocol voting that are distinct to crypto. Spil the decentralized ecosystem advances, wij expect there will be many more opportunities for customers to interact with digital assets te fresh and unique ways.&rdquo,
San Francisco-based Coinbase is one of the largest cryptocurrency exchanges ter the world, treating approximately $376 million ter trading daily according to coinmarketcap.com.
Te February it told its customers that it wasgoed going to be handing overheen their gegevens to the US tax authority, or at least gegevens pertaining to the richest among them, following the loss of a lawsuit concerning this kwestie.
It is presently facing at least two lawsuits &ndash, one from a customer who accuses the company of insider trading, and the other is worried with the exchange keeping money that failed to be sent for whatever reason, instead keeping it for itself.
Recently it acquired a duo of other businesses spil part of its expansion plans.