Coinbase Pro was introduced as a separate platform to meet the need of crypto trade professionals. The traditional Coinbase platform doesn’t have such advanced trading tools that can satisfy the need of professional traders, and after identifying this need, the team decided to launch a new platform with in-build trading tools.
If you are eager to know about what are the trading tools that have been added to the Pro platform, then we are here to give you an idea of the same through this document. This will act like a beginner guide for you if you are new to the Pro platform.
We will be here covering the trading options that you will be able to use in carrying out the crypto trade and investment after completing the Coinbase Pro login process.
Understanding the basic trading sections of Coinbase Pro
After having registered for an account in your name and getting back into your account with the Coinbase Pro login credentials, certain trading options will be displayed on your screen. To have a seamless commencement of the crypto trade let’s understand them one by one.
Deposit and withdraw
This is one of the most common and essential sections while carrying out any trade and investment. You might have found this section in the traditional platform also. Any investor will not be able to carry out the trade in the absence of deposits.
Through this section, you’ll be able to transfer your digital funds between the traditional Coinbase and the Coinbase Pro.
Order book
In this section of the trade, you’ll see the available orders for each price point. The buy and sell orders are differentiated by the colors. The orders available for purchase are highlighted in green color. On the contrary, the orders available for sale are highlighted in red color.
USD spread reflects the difference between the lowest sell order and the highest buy order. This indicates the demand and the volume for specific digital assets at the exchange.
Trading charts
This one is the wide section that you’ll find on the dashboard of Coinbase Pro. It is one of the widest sections and here, you will find two types of charts. The charts are as namely:
- Price chart
- Depth chart
Depth charts reflect the supply and demand of the picked trading assets against the digital currency.On the contrary, price charts let investors understand the pattern of the selected trading pair over a selected time period.
Trade history
As the name reflects this section reads the list of orders executed to date and are currently on the way to execution. You can take the next move on this basis.
Conclusion:
There are a lot more crypto trading options that you can enjoy by creating an account with the Pro platform and then accessing the same with the Coinbase Pro login credentials. These tools help the investors in studying the market performance over the period to reach a conclusion.
