Coinbase International Exchange to migrate institutional clients to Deribit on September 9

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Coinbase International Exchange will migrate institutional clients to Deribit on September 9, impacting exchange operations. During the migration, accounts, balances, and positions will be transferred, while open orders will be canceled and positions settled at market price. Clients who wish to avoid the migration must close their accounts by August 28. The process will result in 30 minutes of downtime. API keys will become invalid, and endpoints must be updated. Historical data will remain accessible via the old API for 12 months but will not be transferred. Traders should monitor altcoins during this transition.

Odaily Planet Daily reports: The migration plan for Coinbase International Exchange institutional clients to Deribit will take place on September 9. At that time, accounts, balances, and positions will be transferred to Deribit; unfilled orders will be canceled, and positions will be settled at market price and then rebuilt on Deribit. Clients who do not wish to migrate must close their positions and shut down their accounts by August 28; otherwise, they will be deemed to have accepted the migration. On the migration day, approximately 30 minutes of downtime is expected. Positions will be settled at the mark price and then rebuilt on Deribit via matched migration trades. Existing API keys will not work on Deribit; clients must update endpoints and credentials. Historical data will be retained on the old API for approximately 12 months but will not be migrated to Deribit.

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