Coinbase buys Paradex and rebrands the GDAX platform

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The largest American cryptocurrency company Coinbase announced the rebranding of the GDAX platform, as well as the purchase of a decentralized exchange Paradex.

The largest American cryptocurrency company Coinbase announced the rebranding of the GDAX platform, as well as the purchase of a decentralized exchange Paradex.

The renamed platform will be called Coinbase Pro and will focus primarily on individual crypto-investors. All transaction history and assets of GDAX users will be transferred to the new platform. According to company representatives, the user interface will become more intuitive, understandable and simple.

Also, the update optimized the input/output process, improved graphics and added the “My Wallets” function to track user crypt portfolios. The platform transition should be completed on June 29, before this date, the platforms GDAX and Coinbase Pro will work in parallel mode.

In addition, Coinbase announced the acquisition of a decentralized exchange Paradex, developed on the basis of the protocol 0x. The company plans to reorient Paradex for international trade and make some changes to the original technology, providing the opportunity to include in the listing a large number of ERC-20 tokens.

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