Coinbase Pro is one of the most trusted cryptocurrency order book exchanges today. With its widely global availability and strong insurance protections, Coinbase Pro stands as a solid choice for professional traders. We take a closer look at the history, advantages and disadvantages, and latest moves of Coinbase Pro.
History and Background
Founded in 2011 by former Airbnb engineer Brian Armstrong, Coinbase is based in San Francisco, California. Coinbase’s global digital asset exchange (GDAX) was launched in 2015, and on May 24, 2018, Coinbase announced that it will rebrand GDAX to Coinbase Pro.
The rebranded GDAX platform benefits from its clear association with the reputable Coinbase brokerage. The evolution of the trading platform introduced a new interface with additional features, such as staking and protocol voting, as well as easier deposit and withdrawal processes.
While Coinbase is one of the few exchange platforms to have never been successfully hacked (though sizable individual accounts have been burglarised), Coinbase Pro does hold a history of notable flash crashes.