What’s the Difference Between Coinbase and Coinbase Pro?
As we mentioned, you have two options when going into crypto investing. Coinbase understands this model and split its business model into two divisions to cater to the specific needs of the market.
As of September 2019, Coinbase separated its business into Coinbase, and Coinbase Pro. Coinbase was to be a brokerage providing for the buying and selling of crypto assets, while Coinbase Pro (GDAX), was to host the company’s trading platform.
Essentially, if you want to buy crypto for a HODL strategy, you’ll need to use Coinbase. If you want to trade the crypto markets, then you’ll need to open an account with Coinbase Pro.
Crypto trading is a relatively new system involving thousands of markets, and hundreds of exchanges competing for traders business.
As a result, Coinbase felt it was time to separate the two primary business functions involved with the company. The Global Digital Asset Exchange (GDAX) moved over to the new Coinbase Pro platform, maintaining the Coinbase branding that is a household name in American crypto markets.
Coinbase stays a brokerage, offering Americans and Europeans in 32 countries a convenient place to purchase their crypto.
See full review of Coinbase