Armstrong Tweets About Coinbases’ ‘Advance Trade’ Feature

Brian Armstrong, the co-founder and CEO of Coinbase, tweeted about a Coinbase feature for professional traders called Advance Trade. The CEO of Coinbase claimed that the Advance Trade feature can be used across the web and mobile.

Many people don’t realize Coinbase also has best in class features for *Pro Traders* – across web and mobile – right in the main Coinbase app.

Try it on web: https://t.co/E7CVPnFnZx (can flip on dark mode in top right)… pic.twitter.com/aRTE4HiS3e

— Brian Armstrong (@brian_armstrong) December 12, 2022

Initiating the migration from Coinbase Pro to Advance Trade, the crypto exchange has claimed that they have sent emails to customers regarding how to operate and transfer funds efficiently.

Moreover, Coinbase claimed that the migration to Advance Trade will be conducted in different phases to ensure maximum security.

In June, Coinbase released the Advance Trade feature as an alternative for its Coinbase Pro customers. According to the statement, Advanced Trade is equipped with all the capabilities of Coinbase Pro but upgraded to provide Coinbase customers with the most seamless experience enabling them to make faster and easier informed trades.

To provide a seamless experience, Coinbase customers could gain rewards up to 7% Annual Percentage Yield (APY) on eligible balances like USDC staked ETH and more. Advanced Trade also consists of additional Coinbase-wide security infrastructure like 24/7 monitored cold storage facilities, USD held at FDIC-insured institutions, YubiKey for mobile, and vaults.

In future, Advance Trade will include features such as mobile stop limit orders, additional charting, order form upgrades, and full REST API and WebSocket support. Coinbase claims that they hope to become a hub for advanced traders.

After FTX’s demise, crypto investors have started to pull Bitcoin from crypto exchanges including Coinbase. Last month, analysts observed that over 91,363 Bitcoins have been pulled from crypto exchanges such as Binance, Kraken, and Coinbase.

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