GDAX announces launch of Coinbase Pro

Yesterday GDAX announced on their blog the launch of a new pro-oriented trading platform Coinbase Pro, which will replace GDAX platform after June 29
24 May 2018   2266

Yesterday GDAX announced in their official blog the launch of their new platform for individual investors – Coinbase Pro.

This new product is aimed at individual professional traders, as opposed to the initial “pro platform” GDAX, which is devised mainly as a tool for institutions who want to enter crypto space. GDAX allowed the company to gather consumer info and develop a completely new platform dedicated and specifically tailored to the needs of individual crypto market players. Any existing GDAX customer can visit the page of the new platform and try it out on their own since yesterday.

The platform was completely redesigned form the ground up to make trading experience more seamless and intuitive. All transactions and balances from GDAX automatically are transferred to Coinbase Pro, and deposit and withdrawal processes are simplified for the customers' convenience. New features also include improved charts to give easy access to historical data, new consolidated portfolio view called “My Wallets” to allow customers to easily view their account balances and orders.

Like GDAX, Coinbase Pro users still have full and direct market access to the Coinbase Markets – a single pool of liquidity or all Coinbase products. Upon login customers will see all of their existing GDAX balances and trade history and will still enjoy the same level of service, the same trading fees and still have access to thee same APIs and security features, that the current platform provides.

Both old and new platforms will operate side by side until June 29, 2018. After that date, all customers will be transferred to the Coinbase Pro.

US Crypto Companies to Support TON in Case With SEC

The Blockchain Association said Telegram taken sufficient measures to ensure that the Gram token offer met SEC requirements
23 January 2020   446

The Blockchain Association, which combines companies such as Coinbase, Circle, 0x and Ripple, issued an expert opinion as part of the ongoing proceedings of the US Securities and Exchange Commission (SEC) with Telegram.

Previously, the Digital Commerce Chamber launched a similar initiative. The blockchain association, however, was more straightforward and stated that Telegram had taken sufficient measures to ensure that the Gram token offer met SEC requirements. According to members of the organization, the actions of the SEC can damage not only Telegram, but the market as a whole.

The Court should not block a long-planned, highly anticipated product launch by interfering with a contract between sophisticated private parties. Doing so would needlessly harm the investors that securities laws were designed to protect.

 

The Blockchain Association

The Blockchain Association notes that for many years it has not been possible for SEC to obtain clear and unambiguous guidance for conducting activities in the cryptocurrency space, while the claims of the regulator make the current situation even more ambiguous. 

The SEC’s lawsuit also raises novel questions regarding whether companies are forbidden from raising funds from sophisticated U.S. investors, under well-established regulatory provisions, to build blockchain networks.

 

The Blockchain Association

They cite examples of startups TurnKey Jet and Pocketful of Quarters, in respect of which the regulator recommended not to apply legal measures, adding that such litigations inevitably involve high costs and do not guarantee industry participants that they will not be prosecuted in the future.

Telegram discussed its plans with SEC staff for a year and a half, provided copious information and responded to limited feedback by adjusting the design of its transaction. Yet, at the end, the SEC has sued, and the SEC’s briefs thus far say nothing about the substance of those discussions. 

 

The Blockchain Association

In conclusion, the group asks the court to “reject the SEC’s arguments that the not-yet-in-existence Grams were securities at the time of the Purchase Agreements.”