A lot of changes are happening in the world of cryptocurrency. Most of those developments are kept under close wraps, for obvious reasons. The GDAX platform we know today will undergo some big changes. It will be renamed to Coinbase Pro and mainly targets on streamlining the overall trading experience. An interesting decision which raises plenty of questions.
Most cryptocurrency users have gotten acquainted with the GDAX platform. This second trading solution is operated by Coinbase, next to their more novice user-friendly trading platform. Even so, it was always evident there would be some changes coming to GDAX in one way or another. As of right now, the plan is to rebrand this platform to Coinbase Pro.
The Future of Coinbase Pro Remains Unclear
It will be a newer version of the existing platform with a focus on more intuitive trading. There will also be a new chart system for experts to benefit from. Additionally, the consolidated portfolio view will also be interesting to keep an eye on. All of these features will give customers options to perform in some less traditional features found within the cryptocurrency ecosystem system.
Coinbase briefly touches upon staking and protocol voting, among other things. The company acknowledges decentralized solutions are on the rise in terms of popularity. As such, centralized trading platforms need to keep tabs on new developments. Remaining competitive will be pretty difficult for centralized platforms in this regard. Decentralized platforms directly connect buyers and sellers with no intermediaries.
How Coinbase Pro will be received, remains to be seen. The features will be offered to users outside the US first. This is primarily due to concerns over enabling new cryptocurrencies on the platform which may violate SEC guidelines. A lot of interesting developments will be on the horizon in this regard. All things considered, it appears to be a positive change for the cryptocurrency industry as a whole.
Header image courtesy of Shutterstock