What is Coinbase Exchange and how does it work

"Coinbase Exchange, also known as Coinbase Pro, is a cryptocurrency exchange platform operated by Coinbase. It is designed for more advanced traders who want access to additional trading features and tools beyond what is offered on the regular Coinbase platform.

On Coinbase Exchange, users can buy and sell a variety of cryptocurrencies, including Bitcoin, Ethereum, and others, using different order types such as market orders, limit orders, and stop orders. They can also view real-time price charts, track their portfolio performance, and set up recurring buys.

Coinbase Exchange charges fees for trading, which vary depending on the trading volume and order type. The fees can be reduced by holding and using the Coinbase Exchange's native token, Coinbase Pro (formerly known as GDAX).

To use Coinbase Exchange, you'll need to create an account on Coinbase and then activate the Coinbase Pro account. Once your account is set up, you can transfer funds from your Coinbase wallet to your Coinbase Pro account, and start trading cryptocurrencies.

Overall, Coinbase Exchange is a platform designed for more experienced traders who want a more robust set of trading tools, and who are comfortable with the additional complexity that comes with advanced trading features."