Coinbase International Exchange institutional clients will migrate to Deribit on September 9th, with a 30 minute downtime during this period

According to CryptoSlate, the migration of institutional clients from Coinbase International Exchange to Deribit is scheduled for September 9th. At that time, accounts, balances, and positions will be transferred, and unexecuted orders will be cancelled. Positions will be rebuilt in Deribit after settlement at market prices. Customers who are unwilling to migrate must close their positions and accounts before August 28th, otherwise it will be considered as acceptance of the migration. On the day of migration, there is an expected 30 minute downtime, and positions will be settled at the marked price and rebuilt in Deribit through matching migration trades. The existing API key cannot be used in Deribit, and the customer needs to update the endpoint and credentials. Historical data can be saved in the old API for about 12 months but will not be migrated to Deribit.