Review on Coinbase Pro by toan van
What is Coinbase pro? Its advantages and disadvantages?
When it comes to exchanges, we will immediately think of the largest exchanges, Coinbase pro is one of them.
Coinbase pro is a subsidiary of Coinbase - one of the unicorns of the cryptocurrency industry. It was launched in 2016 with the original GDAX name, it is protected by US law so very reputable. Currently operating in the US and Europe, although limited in area and listed relatively few coins, the exchange always reaches a trading volume of hundreds of millions of dollars per day. It can be said that traders and investors here are mostly long-term investors and have a large volume of daily transactions.
Pros
- Reputable exchange protected by US law, investors can safely deposit their assets into it.
- High security and privacy, investors' assets are stored in cold wallets
- High liquidity, large trading volume
- Investors can quickly liquidate crypto to fiat and vice versa
Cons
- High transaction fees suitable for large investors
- It limits the region that only the US and Europe can participate
- Very few coins are listed on this platform
- It is not a multifunctional trading platform for pro traders, It does not support margin trading and advanced trading orders
