Coinbase completed the migration of Coinbase International Exchange to Deribit on Oct. 1, 2026, following an announced combination of the two derivatives venues. Trading on the former venue ended and it became read-only, while Coinbase moved $227 million onto Deribit, which already held more than 96% of its derivatives. Affected non-US institutional clients in selected jurisdictions must use new Deribit API or FIX connections, create new API keys and update access settings, instrument formats and order fields. Open orders were canceled and must be recreated. Migrated perpetual positions now settle daily at 08:00 UTC rather than every five minutes, while historical records remain split between the two venues. Coinbase recently received Coinbase Clearing approval for a separate US derivatives operation, while it is also expanding products through fixed-rate Bitcoin-backed loans via Morpho Midnight and tokenized stocks on Aave V4.