According to Huoxing Finance, on August 4, Coinbase announced that its Institutional Exchange accounts, balances, and positions will be officially migrated to the Deribit platform on September 9, with the entire transition expected to be completed within 30 minutes. The migration will require forced settlement of existing positions and their recreation; existing margin loans must be closed in advance, historical data will be retained, but users must regenerate their API keys. Institutional clients who do not wish to participate in the migration must close their positions and Institutional Exchange accounts by August 28 to opt out; accounts not opted out by this date will be automatically migrated. This migration marks Coinbase’s partial integration of its institutional derivatives trading infrastructure with Deribit, which has long dominated the cryptocurrency options market. Coinbase has previously collaborated with Deribit on clearing and liquidity.
Coinbase Institutional Accounts to Migrate to Deribit on September 9
MarsBitShare
Summary
On August 4, Coinbase announced that institutional International Exchange accounts, balances, and positions will be migrated to Deribit on September 9. This move supports enhanced on-chain trading signals and optimizes the risk-to-reward ratio for institutional clients. The transition will take less than 30 minutes and requires existing positions to be settled and re-established, with margin loans needing to be closed in advance. Users must regenerate their API keys. Institutional clients who do not wish to participate must close their positions and accounts by August 28; otherwise, accounts will be automatically migrated. Coinbase and Deribit have previously collaborated on clearing and liquidity.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.