Exchanges· ★★★★· neutral·

Coinbase International Exchange migrates clients to Deribit on Oct 1

  • —Migration starts at 09:00 UTC on Oct 1, with downtime extended from 30 minutes to a full hour
  • —All open orders on International Exchange will be canceled and positions recreated at mark price
  • —Existing API keys will not work on Deribit, forcing traders to generate new ones
  • —Deribit holds $39.26 billion in derivatives open interest, 96.6% of Coinbase group's $40.65 billion
Why it matters: Consolidating Coinbase derivatives onto Deribit strengthens one venue's dominance in crypto options and forces algo traders to rebuild their connections.
Source: Crypto Briefing
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