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One of the largest United States-based crypto exchanges Coinbase announced a new market structure for its smaller trading platform Coinbase Pro meant for professional trading, in a blog post published two days ago which we are reading more about in today’s blockchain news.

According to the blog post, the changes will lead to liquidity increase and will also strengthen and make possible for smoother price movements. The changes also aim to change the old fee structure so the new one can increase liquidity.

Coinbase Pro and Coinbase Prime which is the institutional trading platform of Coinbase will cease their support for stop market orders.
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The announcement shows that all stop orders have to be submitted as limit orders and to also include the limit price.

It is also important that the market protection points that will be introduced both to Coinbase Pro and Coinbase Prime will amount to exactly 10 percent for all market orders. The announcement explains that market orders that surpass the price more than those 10 percent will stop executing.

Finally, the post warns the user base of Coinbase that the platform will be unavailable on March 22 from 6:00 p.m. to 6:30 p.m.

The new changes to the company have been received with quite some skepticism from the crypto community as we could read on social media. For example, the trader and economist Alex Kruger wrote on Twitter that by raising the fees at Coinbase Pro especially for smaller clients by 33%, in the same time the company is lowering fees for the larger clients. He also said that if the users were rational, everybody would now move to Binance.

Kruger questioned the decision of the trading platform to disable stop market orders by saying that stop-limit orders usually fail to execute and that using far off limits on limit orders could be a better idea. However, Kruger did admit that the changes could lead to the goal of increasing liquidity.

Another crypto trader also on Twitter wrote that the new fee structure is targeting the new users who are just entering the crypto market and that Coinbase is preparing itself for a new bull run.