Coinbase announces Coinbase Pro alongside the Paradex acquisition

Coinbase, a digital currency wallet and exchange based in San Francisco, on Wednesday has announced the launch of Coinbase Pro, an extension of their Global Digital Asset Exchange (GDAX) trading platform.

the connection is done

the connection is done

As it is unfolded in the Coinbase blog, the Coinbase Pro is customized for the individual cryptocurrency traders and addressed to their particular needs. The trading platform is completely redesigned for easier and more intuitive trading.

Remarkably the same day Paradex, a small decentralized cryptocurrency exchange firm, has announced it is joining the Coinbase.

“For most of us, Coinbase was our very first interaction with crypto, our gateway to the world of the blockchain. Right from the beginning, they set a bar that the entire ecosystem, Paradex included, has aimed to reach. That drive toward quality, openness, and adoption has served as the foundation for this acquisition. Our team couldn’t be more proud of the work we’ve accomplished over the past year, and we couldn’t be more excited about this new chapter under the Coinbase umbrella,” announced in the Paradex blog.

The Coinbase has welcomed Paradex to the team and pointed out that

“the move not only reinforces Coinbase’s commitment to investing in decentralized infrastructure and participating in the nascent world of wallet-to-wallet trading but also our focus on the international crypto trader. After making some product enhancements, we’ll initially offer this experience to customers outside the U.S., and eventually to U.S.-customers.”

The financial details of the acquisition are not disclosed. Coinbase has also announced last week that it is reshaping its services to attract institutional investors such as hedge funds and trading organizations.