Coinbase Pro – Cryptocurrency Exchange Volume and Information

Founded in June of 2012, Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like bitcoin, ethereum, and litecoin. We're based in San Francisco, California. Bitcoin is the world's most widely used alternative currency with a total market cap of over $100 billion. The bitcoin network is made up of thousands of computers run by individuals all over the world.

Coinbase is widely regarded as one of the safest exchanges in the world. As the world’s largest Bitcoin exchange and broker, it’s backed by trusted investors and located in San Francisco, which is a highly regulated location.

At the time of writing, the company has never experienced a hack, thanks to its heavy security measures. One of these is the fact that 98% of Coinbase customer funds are stored offline in cold storage, which means that they’re disconnected from the Internet, making them invulnerable to online attacks. If that wasn't enough, drives and paper backups are also spread out geographically in safe deposit boxes and vaults around the globe.

Digital currencies are changing how we use and think about money. Coinbase, the most trusted company in the space, is looking for you to join our rapidly growing team. We make Bitcoin, Ethereum, and Litecoin easy to use, strive to be the trusted brand in the space, and have built the world's leading platform for digital currency integration.

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.

The most trusted platform for trading cryptocurrency

Digital currencies are changing how we use and think about money. Coinbase, the most trusted company in the space, is looking for you to join our rapidly growing team. An open financial system is one that is not controlled by any one country or company (just like the internet did for distributing information). We think this is the highest leverage way to bring about more economic freedom, innovation, efficiency, and equality of opportunity in the world. We have a ten year plan to get there.

Coinbase Pro offers individuals the ability to trade a variety of digital assets on a secure, insurance backed platform.

Coinbase offer USD to BTC trading and have publicly stated their plans to add other pairs as and when banking arrangements in other jurisdictions are secured. With the seamless integration of wallet and exchange features coinbase has rapidly increased its trading volume and provides decent liquidity on low spreads. 

Coinbase Pro is the best place to trade digital currency

• Industry leading API. Our Websocket feed lets you easily gain access to real-time market data, while our trading API lets you develop secure, programmatic trading bots.
• Insurance protection. All digital assets held in online storage are fully insured. All USD balances are covered by FDIC insurance, up to a maximum of $250,000 per customer.
• Competitive fees. Dynamic fee structure with lower fees for higher volume trading.

Adding their wallet and suite of apps for most mobile devices Coinbase is rapidly becoming an industry leader. The design and ease of use of their trading interface is top of the range.

Coinbase has extremely good security practices coupled with insurance on deposits. Including that they also have raised over 100 million USD in funding providing them with a solid capital foundation. Over 97% of funds are kept offline in cold storage USB's or paper wallets. There is two factor authentication on all accounts aswell as other procedures such as SQL injection filters to halt heartbleed bug attacks - they are on top of their game.

Coinbase Prime is a professional trading platform for institutional clients (a company or organization that invests money on behalf of clients or members), allowing them to access a selection of professional trading tools that come complete with a dedicated team devoted to institutional support. While it can’t be used by individuals—and therefore falls outside the scope of this review—it provides large investors a platform to trade safely and securely.

Fees for trading were set to zero for a period but now the standard model of paying to take liquidity out of the orderbook is set to 0.25%.

World class trading platform

Coinbase Pro offers an intuitive interface with real time orderbooks, charting tools, trade history, and a simple order process so you can trade from day one. Coinbase offers a simple consumer platform and a professional trading platform. While the latter used to be called GDAX, in 2018 it was rebranded as Coinbase Pro. This has led to some confusion, as many people now refer to both the consumer platform and the professional trading platform as simply "Coinbase". So let's take a quick look at each and find out the difference between Coinbase and Coinbase Pro.

Coinbase Pro is firmly established as one of the most reliable crypto exchanges in the world, and is a logical next step for those users who are looking to avoid the higher fees of the regular Coinbase service.

Despite its more complex features, it’s still beginner-friendly, thanks to its clean layout and options—not to mention synergy across all Coinbase accounts, coupled with much lower fees. For that reason, we’d recommend Coinbase Pro to most people as their first proper crypto exchange, as long as they carry out some basic research on how to place different types of buy and sell orders.

The privacy concerns aren’t something that should be completely overlooked, however. Neophyte crypto traders will likely want to explore further afield once they’ve got to grips with the exchange; there are, after all, plenty of other options available. As long as you research others accordingly; you can never be too careful when investing, after all.

Advantages and Disadvantages

Coinbase Pro boasts a high trading volume and offers an intuitive, world-class interface with real-time order books, trade history, charting tools, and a simple order process that allows immediate trading. Coinbase Pro users also have access to the platform’s Websocket feed, which allows traders access to real-time market data and develop highly secure trading bots due to the platform’s application programming interface (API).

One of the platform’s most valued aspects is its strong security measures and insurance protections. Coinbase Pro features two-factor authentication to protect users from phishing, as well as a white label feature that limits withdrawals to pre-approved cryptocurrency addresses. Coinbase Pro also runs regular IT security and financial audits, and keeps 98% of users’ funds offline in cold storage with encryptions and multisignature keys. Cryptocurrency funds are privately insured on Coinbase Pro, and users’ USD balances are FDIC insured up to $250,000 USD.

Coinbase Pro is widely accessible as the exchange is available in over 100 countries and in multiple languages, including English, Spanish, Portuguese, French, Italian, Dutch, and German.

Coinbase Pro deals with more established coins, including BTC, ETH, Litecoin (LTC), and XRP, and the platform’s slim token offerings may deter more adventurous traders. However, Coinbase Pro is one of the few digital currency exchanges that supports withdrawals and deposits in select fiat currencies, including USD, EUR, and GBP.