{"id":135371,"date":"2018-05-23T23:00:59","date_gmt":"2018-05-24T03:00:59","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=135371"},"modified":"2021-08-22T06:33:26","modified_gmt":"2021-08-22T10:33:26","slug":"coinbase-acquires-paradex-exchange-shifts-gdax-to-coinbase-pro","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/coinbase-acquires-paradex-exchange-shifts-gdax-to-coinbase-pro","title":{"rendered":"Coinbase Acquires Paradex Exchange, Shifts GDAX to Coinbase Pro"},"content":{"rendered":"

Two major moves from top American fiat-to-crypto gateway Coinbase today, as the exchange acquired decentralized exchange Paradex and announced rebranding its trading arm GDAX to \u201cCoinbase Pro.\u201d The moves are just their latest among a flurry of activity in 2018.\u00a0<\/strong><\/p>\n

Also read:\u00a0UNOPS and IOTA Sign MOU for Services Agreement<\/a><\/em><\/strong><\/p>\n

Join the\u00a0Bitsonline Telegram channel<\/a>\u00a0to get the latest Bitcoin, cryptocurrency, and tech news updates:\u00a0https:\/\/t.me\/bitsonline<\/a><\/strong><\/em><\/p>\n

GDAX Now Coinbase Pro<\/p>\n

Today, March 23rd, Coinbase CEO Brian Armstrong declared that GDAX would be evolving into Coinbase Pro.<\/p>\n

I just published \u201cGDAX is now Coinbase Pro\u201d https:\/\/t.co\/B3VXGWAJoy<\/a><\/p>\n

\u2014 Brian Armstrong (@brian_armstrong) May 23, 2018<\/a><\/p>\n

Armstrong pointed\u00a0over to Coinbase Pro General Manager David Farmer\u2019s announcement post<\/a>, who explained that the rebrand was \u201cspecifically designed for individual crypto traders.\u201d<\/p>\n

Going into further detail, Farmer explained that traders could now expect a series of UI and UX improvements, from a \u201ccompletely redesigned platform\u201d to easier \u201cdeposit and withdrawal processes.\u201d<\/p>\n

Coinbase President and Chief Operating Officer\u00a0Asiff Hirji noted to the press that GDAX had effectively been spliced in two, then: institutional clients could use the company\u2019s new institutional trading suite<\/a>, while Coinbase Pro would cater to individual investors.<\/p>\n

.@Coinbase<\/a> president @AsiffHirji<\/a> discusses his major announcement pic.twitter.com\/JpLiKAfFBO<\/a><\/p>\n

\u2014 CNBC’s Fast Money (@CNBCFastMoney) May 23, 2018<\/a><\/p>\n

The transition will be finalized by the end of June 2018, per Farmer:<\/p>\n

\u201cGDAX and Coinbase Pro will operate side-by-side until June 29, 2018, with activity mirrored on both platforms. After June 29, all customers will be seamlessly rolled over to Coinbase Pro.\u201d<\/p>\n

With Paradex, Coinbase Now Has a DEX<\/p>\n

Decentralized exchange Paradex<\/a> has now been added to Coinbase\u2019s ever-swelling list of acquisitions, too.<\/p>\n

The DEX, a 10-man operation per Reuters<\/em><\/a>, relies on the 0x protocol<\/a>. As such, its addition to Coinbase\u2019s growing collection signifies the exchange\u2019s desire to pivot decisively into the trading of Ethereum-based tokens<\/a>.<\/p>\n

In his aforementioned comments, COO Asiff Hirji noted as much, saying today\u2019s developments would \u201csignificantly increase the amount of assets people can trade on Coinbase<\/strong>.\u201d He clarified that international customers would have access to Paradex first until regulatory compliance was ascertained U.S. clients.<\/p>\n

In response, the Paradax team noted their excitement on the project\u2019s front page:<\/p>\n

\u201cOne year ago this month, we set out to build the best decentralized relayer that empowers users with self-custodianship. A year later, we\u2019re not only extremely proud of what we\u2019ve achieved, but intensely optimistic about where our space is headed and the explosion of opportunity growing each and every day.\u201d<\/p>\n

The acquisition comes after Coinbase recently bought micro-task play\u00a0Earn.com<\/a> and Cipher Browser and has apparently positioned itself to buy cloud development startup\u00a0Koding<\/a>.<\/p>\n

What\u2019s your take on the rebrand? Do you like the Paradex acquisition? Let us know where you think things go from here in the comments below.\u00a0<\/em><\/strong><\/p>\n

Images via The Coinbase Blog, Paradex<\/em><\/p>\n

The post Coinbase Acquires Paradex Exchange, Shifts GDAX to Coinbase Pro<\/a> appeared first on Bitsonline<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Two major moves from top American fiat-to-crypto gateway Coinbase today, as the exchange acquired decentralized exchange Paradex and announced rebranding its trading arm GDAX to […]<\/a><\/div>","protected":false},"author":654,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-135371","post","type-post","status-publish","format-standard","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"\nCoinbase Acquires Paradex Exchange, Shifts GDAX to Coinbase Pro - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Coinbase exchange acquired decentralized exchange Paradex and announced rebranding its trading arm GDAX to \u201cCoinbase Pro\u201d today.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/135371\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coinbase Acquires Paradex Exchange, Shifts GDAX to Coinbase Pro\" \/>\n<meta property=\"og:description\" content=\"Coinbase exchange acquired decentralized exchange Paradex and announced rebranding its trading arm GDAX to \u201cCoinbase Pro\u201d today.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-24T03:00:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-22T10:33:26+00:00\" \/>\n<meta name=\"author\" content=\"William Peaster\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"William Peaster\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/135371#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/135371\"},\"author\":{\"name\":\"William Peaster\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/7c22d01882c551fd6c38f9857e6e118b\"},\"headline\":\"Coinbase Acquires Paradex Exchange, Shifts GDAX to Coinbase Pro\",\"datePublished\":\"2018-05-24T03:00:59+00:00\",\"dateModified\":\"2021-08-22T10:33:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/135371\"},\"wordCount\":506,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2018\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/135371#primaryimage\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/135371\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/135371\",\"name\":\"Coinbase Acquires Paradex Exchange, Shifts GDAX to Coinbase Pro - 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