Coinbase Moves Institutional Crypto Trading to Deribit

Coinbase is officially moving its institutional users from its current INTX platform over to the Deribit exchange. This change goes into effect on September 9. Users should take note that any open orders remaining on the platform will be canceled as part of this transition.

Institutional clients will need to set up new API keys to ensure their trading setups function properly on the new exchange. Coinbase provided an opt out window that ended on August 28 for those who did not wish to make the switch.

This migration signals a shift in how institutional investors manage their derivatives trading through Coinbase. Traders should ensure their accounts are ready before the September deadline to avoid any interruptions in their market activity.