However, Japan turned out to be far from crypto-friendly as the Japanese Financial Services Authority (JFSA) followed Binance’s every move. Due to regulatory issues, the company was relocated to Japan. It was founded in 2017 by Chinese national Changpeng Zhao, also known as CZ, with corporate headquarters located in Shanghai, China. BinanceĬompared to Coinbase Pro and its sister-platform Coinbase, Binance is relatively new on the crypto market. Over the months, as more and more features were added to the extension, the operating team of Coinbase realized it would be more convenient for traders if they launched Coinbase Pro separately. This is how the idea for Coinbase Pro was born. Coinbase saw the urgency to address their needs and enlarge the scope of their trading options to cater to the more risk-taking adventurous users. While that fact still hasn’t changed, experienced traders are growing in number, and many companies are deciding to invest in cryptocurrencies too. That’s why, if you ask anyone for advice on which crypto exchange to choose as someone who is new to the crypto market, they will direct you straight to Coinbase. ![]() The unexpected growth in popularity was to a large extent the result of the user-friendliness of the platform, their simple, minimalistic design, and basic trading options. The original platform was founded in 2012 by Brian Armstrong and Fred Ehrsam with headquarters in San Francisco, California. It now goes by the name Coinbase Pro as a reminder of the fact that the platform was designed as an extension of Coinbase aimed at seasoned and institutional traders. Global Digital Asset Exchange or GDAX was launched as a separate crypto exchange in 2016. Final Thoughts About the Crypto Exchanges GDAX / Coinbase Pro
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