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Aug 4, 2026

Coinbase to Migrate Institutional Derivatives Business to Deribit on September 9

Coinbase will consolidate its International Exchange institutional derivatives operations onto Deribit on September 9, 2026, following its $2.9 billion acquisition of the platform. The migration will force-settle existing positions and require clients to update APIs and close margin loans ahead of the transition.

Aug 4, 2026·6 sources
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Top claims

  • ▪Independent pricing on Coinbase International Exchange and Deribit before the cutover may cause immediate unrealized gains or losses for clients due to price divergence.
  • ▪Coinbase will cancel all open International Exchange orders and settle existing positions at the venue's mark price on the migration date.
  • ▪Coinbase International Exchange institutional clients who do not wish to migrate must close their positions and accounts by August 28, 2026.

Topics

Crypto market structureCrypto exchangesCrypto derivativesInstitutional crypto adoption

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