For many crypto traders who are in it for the medium to long haul, there are some other ways to make money on cryptocurrency that’s just sitting in your crypto wallet: staking and yield farming on DeFi networks. “DeFi” is just a catchall term for “decentralized finance”—pretty much all the services and tools built on blockchain for currencies and smart contracts. Where To Buy A Crypto Hardware Wallet GDAX (Coinbase Pro) and Coinbase are sister companies owned by the same people; if you’ve been trading on Coinbase and wish to expand your trading boundaries, GDAX might be a great option for you. And even those looking to trade more cheaply compared to Coinbase may find GDAX a formidable alternative as its transaction fee is more affordable.

, Reporter What else is known for now White also says GDAX’s new margin offering is significant because it provides an easy way to short bitcoin, meaning funds will have a way to hedge their positions. (The ability to short sell arises because GDAX supplies the margin purchase in bitcoin, which the investor can immediately sell for dollars and then later repay at a profit if the price drops).