
Coinbase will migrate its International Exchange institutional clients to Deribit, the world’s largest crypto options exchange, on September 9. During the migration, trading is expected to pause for about 30 minutes, with all open orders canceled before positions are settled at the prevailing mark price and recreated on Deribit at the same reference price. Existing API keys and margin loans will not be transferred, and clients who choose not to migrate must close their positions and accounts by August 28.
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