Coinbase completes Deribit switch, ending International Exchange trading

Coinbase completed the migration of Coinbase International Exchange to Deribit on Oct. 1, ending trading on its former international venue. The old exchange is now read-only, with its trading activity moved to Deribit.Coinbase's migration status report marked maintenance complete at 10:02 UTC on Oct. 1, 2026. For affected institutional clients, the switch makes new trading connections, a different settlement cycle and separate historical records immediate operational issues.Affected institutional accounts are limited to non-US institutions in selected jurisdictions. Coinbase says the consolidation pools derivatives liquidity previously split across the two venues. Available products and access still depend on account type and location.Institutions using API or FIX connections need Deribit endpoints and newly created Deribit API keys. International Exchange keys will not work, and there is no parallel trading window on the former venue.Deribit's API migration guide also says API-key IP allowlists do not copy across. Instrument names and order attributes change, while open International Exchange orders were canceled at the halt rather than transferred. Clients wishing to reinstate ca...