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GDAX was popular as one of the few reliable exchanges where U.S. traders could trade bitcoin directly for fiat currencies. Unlike the Coinbase wallet app, GDAX/. Understand the asset trading exchange provided by Coinbase themselves & save your fees on buying and selling allowed top 3 cryptocurrencies. GDAX is a cryptocurrency exchange that allows people to buy, sell and trade a range of digital coins. Launched in , GDAX stands for Global Digital Asset.