Coinbase, Exchanges

Is Coinbase Pro Shutting Down?

Coinbase, one of the most popular cryptocurrency exchanges, is shutting down its professional trading platform, Coinbase Pro.

The news was announced in a blog post on the Coinbase website, which stated that the decision was made in order to focus on the company’s core mission of building an easy-to-use crypto exchange.

Coinbase Pro was launched in 2018 as a more advanced trading platform for cryptocurrency investors. It offered features such as margin trading and a more sophisticated order book.

NOTE: WARNING: There have been recent rumors that Coinbase Pro may be shutting down. However, these rumors are false and Coinbase Pro is still in operation. Please be aware of scams and false information regarding this matter. Do not provide any personal information or send money to anyone claiming to represent Coinbase Pro in any way.

However, the platform never gained much traction and only represented a small fraction of Coinbase’s overall business.

The shutdown of Coinbase Pro is effective immediately. All open orders will be canceled and customers will be refunded.

Coinbase has been under pressure recently as the crypto market has been bearish for the past year. The company has laid off staff, closed down its office in New York, and shuttered several products.

It seems that the decision to shut down Coinbase Pro is part of a larger effort to streamline the company and focus on its core products.

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