Coinbase to halt ‘Pro’ service

Coinbase has announced plans to discontinue its advanced, trader-focused Coinbase Pro service by the end of the year.

The standalone Pro service exists independently of Coinbase.com.

The service offered lower fees to traders who interacted directly with the Coinbase Exchange order book.

The service will be replaced by Advanced Trade, a service that offers comparable features.

Advanced Trade will live within the main Coinbase app and site.

Many power users execute trades on the more technical Coinbase Pro, and then transferred funds back to their Coinbase.com accounts for zero fees.

Coinbase has cited duplicated features and “friction” when transferring balances back-and-forth between Coinbase.com and Coinbase Pro as the reason for discontinuing the Pro.

Coinbase Pro users took to Twitter this afternoon to bemoan the service’s discontinuation, many citing its lower fees.

The company, however, has committed to honoring Coinbase Pro’s fee structure in the new Advanced Trade section of Coinbase.com.

Advanced Trade is already live for desktop users, and Coinbase plans to roll out a mobile version of the feature inside the Coinbase app in the coming weeks.