Coinbase’s professional trading platform Coinbase Pro will reportedly shut down all current operations as it works towards restructuring plans for services to combine them into one platform.

Specifically, The America-headquartered crypto trading company reportedly issued the official announcement on June 22nd revealing the commencement of sunsetting Coinbase Pro for the migration of every advanced trading solution into one unified Coinbase account.

Coinbase Pro’s solutions will reportedly move to Advanced Trade, Coinbase’s freshly rolled out trading section, which can be tapped into using the exchange’s website. The section was previously released and launched in March this year, offering traders extensive analysis and actual trading directly on Coinbase.

Per the announcement, Advanced Trade will employ a similar volume-dependent charge currently applied on Coinbase Pro. Based on volumes and taker or maker orders, Coinbase Pro’s fees fall between the zone of 0% to 0.6%, as per insights generated from Coinbase’s official website at the time of writing.

The anticipating migration of Coinbase Pro to Advanced Trade will commence within the next few months, as the exchange keeps on its effort to release new, planned upgrades to Advanced Trade.

“For customers holding funds on Coinbase Pro, there is no action to take- funds will remain safe on Coinbase. Meanwhile, customers are welcome to begin using Advanced Trade on the Coinbase mobile app and Coinbase.com.”

The migration reportedly aims to simplify the trading process on Coinbase by enabling professional traders to tap into advanced trading tools and use general Coinbase functionalities in one place, using one balance. 

“In the past, advanced traders have used Coinbase Pro for more in-depth trades and analysis. But to use other Coinbase features, you had to transfer funds to your primary Coinbase account”.