Coinbase Launches App For Pro Crypto Traders

Cryptocurrency exchange Coinbase is rolling out an app aimed at professional investors and traders, the company said in a blog post on Thursday (Oct. 10).

Coinbase Pro for iOS lets users check prices, monitor their portfolios and buy and sell crypto on the go. Although the app is only available for Apple users, plans are in the works for an Android version. 

“Until now, our customers have had to make a choice: usability or mobility,” the company said in its blog post. “The Coinbase Pro mobile app changes this by offering the most intuitive feature set of any mobile crypto trading platform.”

Features include real-time candles, depth charts, an overview of order books and advanced order types, and shortcuts. In terms of trading fees or trading pairs on offer, everything will be the same as on the desktop platform. 

“No action requires more steps than it needs to, meaning traders can see prices, check their portfolios, and execute their orders faster than ever before,” the blog said.

Since the launch of Coinbase Pro on desktop, users have been requesting a mobile trading experience. 

“Unlike traditional capital markets, crypto trades 24/7. Opportunities to buy and sell present themselves at all hours of the day,” Coinbase said in its blog. “This means it’s critical for the sophisticated crypto traders that Coinbase Pro serves to have access to the tools and information they need to capitalize on these moments when and where they need it.”

The new app was built on React Native, and offers “a fully mobile-optimized experience,” Coinbase Pro product manager Linda Xie told CoinDesk.

“All the features have been re-thought and rebuilt in a way that makes them not only usable, but useful,” she said.

In other Coinbase news, the U.S. firm is reportedly in talks to acquire the engineering team from rentals startup Omni. Coinbase also launched a rewards program for its U.S. customers that will give users money back on every USD Coin they hold.

With USDC Rewards, people will earn 1.25 percent APY on every USD Coin they hold on Coinbase.



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