The US-based crypto exchange Coinbase has just introduced a new market structure for its professional trading platform Coinbase Pro, the company reported on its blog on March 15.
The aim of these changes is to increase liquidity, improve pricing and decrease the possibility of sharp price movements. The most important changes include a new fees structure aimed at increasing liquidity, updated order maximums, new order increment sizes, the deactivation of stop market orders and the addition of market order protection points.
Both Coinbase Pro and Coinbase Prime will reportedly no longer support stop market orders. The platform will not be available on March 22 between 6:00 p.m. and 6:30 p.m. PDT due to the update tasks.
The news has been received with skepticism and negativity by the crypto community. Economist Alex Krüger complained on Twitter that the platform has increased the fees that must be paid by smaller customers by 33% while larger clients' have been lowered.
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