CandleFocus

GDAX

Candlefocus Editor
GDAX (Global Digital Asset Exchange) was created by the crypto exchange giant Coinbase in 2015 to facilitate crypto-fiat transactions and crypto-crypto transactions. As a crypto-fiat exchange, it allows people to buy and trade cryptocurrencies with their fiat currency. Before the official name change to Coinbase Pro in 2018, GDAX was one of the few reliable exchanges based in the US where traders could directly buy and trade bitcoin for fiat currencies such as the US dollar.

At its inception, GDAX was readily embraced by traders given its simple user interface that provided access to some of the most popular digital assets. Over the years, Coinbase has improved the GDAX platform, making it easy for professional traders to set their buy and sell orders. Their comprehensive tracking features let traders monitor price movements in the market, making it one of the most popular exchanges for day traders.

Thanks to its secure infrastructure, GDAX/Coinbase Pro is one of the most trusted exchanges in the crypto industry. Coinbase also offers better prices and lower fees on GDAX/Coinbase Pro compared to buying directly from Coinbase. It also allows traders to access more assets, with more than 250 tradable assets listed.

GDAX/Coinbase Pro is a great option for advanced traders due to its low trading fees, extensive tracking features, and access to a wide range of assets. The platform is well-established, secure, and reliable. It’s also relatively user-friendly, which makes it a perfect option for both beginner and experienced traders. It has quickly become a go-to for crypto traders, and with Coinbase’s solid reputation, it is likely to remain the preferred choice for many years to come.

Glossary Index