Coinbase is launching Coinbase Pro, a rebranded version of its trading platform GDAX according to a blog post released on the 23rd of May. The post details that the new Pro version is an evolution of GDAX and aims to be a platform that is specifically tailored for individual traders and investors. Coinbase Pro as a platform will be easier to use and also comes with a redesigned interface and better charts. New features include simplified deposits and withdrawals, staking and protocol voting.

If this wasn’t enough, Coinbase has made another announcement. The exchange is going to integrate the Paradex, a non-custodian relay platform powered by the 0x protocol, into the new Coinbase Pro version. To simplify it, Paradex is a decentralized exchange on which 10 people work at the moment according to Reuters. The exchange does not hold custody of tokens on behalf of users but enables wallet trading, meaning clients can transfer ERC20 tokens from their wallets. The fresh acquisition of Paradex means that customers will be able to trade hundreds of tokens directly from their wallets with Coinbase Pro as well. This feature will be available for customers outside of the US so far, while American clients will be included soon.

Something else to note here is that Paradex hasn’t been holding the coins itself, but rather connected the traders. This could mean that Coinbase doesn’t have to go through with the usual regulatory process when looking to add new coins and instead can just let traders continue with the use of the platform, but now with their own branding.

Coinbase is working hard to maintain its prime position among the other exchanges. We have also previously reported that they are commited to acquiring a banking license and prior to this step the new Coinbase Index Fund has been launched as well including the following digital assets: BTC/ETH/LTC/BCH.