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   1631

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.

Coinbase to be Ranked 1st at New CryptoCompare's Rate

New exchange's benchmark is designed to combat fake trading volume on unregulated exchanges
13 June 2019   172

Analytical service CryptoCompare has launched a rating system for more than 100 platforms for the spot cryptocurrency trading. According to service representatives, it should be a comprehensive, detailed and reliable source of information, and meet the industry’s demand for data transparency.

CryptoCompare combined methods of quantitative and qualitative analysis. The system does not take into account the total trading volume, but the ratio of volume and volatility in combination with the standard deviation of volumes based on more than 30 metrics. In theory, this will help to deal with the problem of fake trading volume on unregulated exchanges.

After analyzing the data for May, the service assigned the first place to the Coinbase, and the top three were closed by Poloniex and Bitstamp. Top 10 also includes BitFlyer, Liquid, itBit, Kraken, Binance, Gemini and Bithumb.

It is noteworthy that this rating is somewhat different from the list of trusted exchanges of Bitwise Asset Management, which in March reported to the US Securities and Exchange Commission (SEC) about the problem of fake trades. Thus, Bitwise considers Bittrex and Bitfinex to be reliable, but they are not in the top ten from CryptoCompare - instead of them, South Korean Bithumb, which was hacked twice during the year, and Liquid, which announced the upcoming listing of tokens Gram, which supposedly don't know anything about in Telegram .