Pro are two account types through Coinbase Global. These accounts surround the exchange of both established and newly rising cryptocurrencies. Each of these platforms cater to different investors and follow different cost structures.
Find out more which account type is best suited for your investment needs as we compare Coinbase Vs. Coinbase Pro.
- What Is Coinbase?
- What Is Coinbase Pro?
- Coinbase down for four breaks this may be caused by held packages
- Coinbase down for four breaks this-
- Pros & Cons of Coinbase
- Pros & Cons of Coinbase Pro
- Which Cryptocurrency Platform is Best for You?
- Why is the company taking this step?
- Coinbase’s Plan Of Action This Year
- Coinbase closes its San Francisco office
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What Is Coinbase?
Coinbase is an online platform where investors can buy, sell, transfer, or save cryptocurrency. It is a secure financial system with the goal of helping both passive and active traders invest into different cryptocurrencies.
Coinbase follows federal regulations and additionally allows investors to trade these digital assets into their local currencies.
What Is Coinbase Pro?
Coinbase Pro is a platform off of Coinbase that is best suited for active crypto or individual experienced traders.
In fact, 52% of employees said recharge days and weeks were the primary tool that helped them rest and recover in 2021.
That feedback — and our expectation that this year will be just as intense as last year — prompted us to schedule four recharge weeks for 2022, roughly one per quarter. We have no expectation we’ll continue with four recharge weeks beyond 2022 — we’ll evaluate as we go — but we’re confident this is the right approach for us this year.
Even though we’ve scheduled four recharge weeks for 2022, we didn’t make any changes to our FTO policy — we’ve encouraged employees to schedule vacations during our recharge weeks when they can, but we know that’s not always possible, and that’s OK.
We also know that, despite our best intentions, there are times when some employees need to work through a recharge week.
This policy has been hugely successful, enabling us to hire top talent from around the world and earning positive reviews from our employees.
We also empower employees to take charge of their well-being through our flexible time off (FTO) policy (in eligible countries), which means most employees don’t need to accrue time off before using it or worry about hitting an annual limit.
Despite our FTO policy for most employees, we realized in 2020 that many employees weren’t taking enough time off to recharge, either because they didn’t want to force their teammates to cover for them or because they didn’t want to fall behind on their work.
We knew this was unsustainable, so we scheduled a recharge week at the end of 2020 and two recharge weeks in 2021, when nearly the entire company would shut down.
Coinbase down for four breaks this may be caused by held packages
Coinbase has a more complex fee structure when it comes to its transactions. There is a percentage fee that gets accounted for depending what form of payment the trader is trying to use. For example, fees will differ depending on if the investor is making a trade, using their digital wallet, or credit card.
However, with Coinbase Pro this complicated fee structure is simplified.
Coinbase Pro has the fee range of 0% to .5% per trade regardless of the trader’s transaction type. But, it is important to highlight there are wire transfer fees which are a $10 fee per deposit and a $25 fee per withdrawal fee.
Since Coinbase Pro is designed for those who have more experience in their investment journey, it provides more in-depth information and uses more technical jargon.
Coinbase down for four breaks this-
Seeing explosive growth in the last two years, Coinbase – a leading cryptocurrency platform worldwide and the largest cryto exchange in the US – is a company that’s been on the grind ever since 2020. As the American organization pointed out on a Monday blog post, “The bottom line: We work incredibly hard at Coinbase — for most of us, Coinbase is the most intense place we’ve ever worked. That intensity is only magnified by the current moment in crypto, and it often results in long days and long weeks.”
So, mindful of the issue, Coinbase recently declared that it is planning to provide one recharge week per quarter to its employees throughout 2022, and during this break period “nearly the entire company will shut down.” This is to allow all employees some down time without work piling up, the company stated.
Chief People Officer L.J.
Certain emails leaked to Business Insider state that Coinbase is contemplating shutting down its affiliate program in the US for a temporary period of time. The decision might be in effect from the 19th of July.
Claims from the promoters about the company slashing the commission bonus by a margin of 90 percent further add to the veracity of the rumors.
According to Coinbase, ” This has not been an easy decision, nor was it made lightly, but, due to crypto market conditions and the outlook for the remainder of 2022, Coinbase is unable to continue supporting incentivized traffic to its platform.”The program will apparently resume in 2023 according to the reports from the company.
Pros & Cons of Coinbase
- Beginner and user friendly
- Simplified transactions & price alerts
- Educational investment resources
- Complex fee structure
- Does not allow withdrawals or deposits
- Does not have Whitelisting
Pros & Cons of Coinbase Pro
- Multiple trade options
- Cryptocurrency trade pairings
- API Keys
- Not Beginner Friendly
- No control on private keys
Which Cryptocurrency Platform is Best for You?
By understanding the difference between Coinbase and Coinbase Pro, you can be able to find out what platform is best sorted for you.
But in the case of Coinbase, the workload is so much that employees often need to put in extra hours. And this can result in burn out which is neither good for them nor the company.
The company officials noticed that employees weren’t taking much time off work, and therefore they had applied this same policy in 2020 and 2021 as well. Those years it was for 1 week and 2 weeks respectively.
And in a customer survey, they found that employees also think this works for them. So, on a positive note, Coinbase is taking it one step further but implementing the same for 4 weeks in 2022.
Why is the company taking this step?
One of the main reasons for this is the current uprising of US employees against job conditions that aren’t suitable for work. Coinbase also fears that if such a thing happens with them, the chance of falling behind as a company is really high.
Brock also elaborated on this matter on 11 Jan by saying, “Four weeks of coordinated recharge time might sound like a lot of time off for a company in hypergrowth, but given the intensity of our work throughout the year, we think this is the best way to ensure our pace is sustainable for the long term.”
- Also read Failed Transactions On The Rise, Solana (SOL) Admits To Worsening Network Congestion.
Coinbase’s Plan Of Action This Year
Along with ‘recharge weeks’ and annual leave, Coinbase has encouraged employees to schedule vacations to coincide with them, The Block notes.
It should be noted that this isn’t the first time a week off has been scheduled in the incorporation either. After observing that a majority of the employees weren’t taking enough time off their work in 2020, the company arranged for a recharge week at the end of that year.
Coinbase closes its San Francisco office
The present decision of the digital and crypto-asset exchange platform is the result of an evolution already announced last May 2021.
In fact, in addition to smart-working which, due to the global pandemic has become the solution to continue working, Coinbase had alreadyannouncedthatin 2022 it would officially close its headquarters in San Francisco.
A way to become a“remote first” company in its own rightand demonstrate their“decentralized workforce”, where no location is more important than the others.
The closure of the San Francisco office, in fact, would aim tooffer a network of smaller officeswhere employees can go to work if they want to, without having the headquarters and a few locations scattered in a limited number of cities.