[Coinbase Institutional Accounts to Migrate to Deribit on September 9, Positions to be Rebuilt and API Keys Replaced] BlockBeats News, August 4: Coinbase announced that its institutional International Exchange accounts, balances, and positions will officially migrate to the Deribit platform on September 9. The entire transition process is expected to be completed within 30 minutes. The migration will require the settlement of existing positions and their re-establishment, the closure of existing margin loans in advance, and the regeneration of API keys by users, although historical data will be retained. Institutional clients who do not wish to participate in the migration must close their positions and International Exchange accounts by August 28 to complete the withdrawal process. Accounts that fail to withdraw by the deadline will be automatically migrated. This migration marks Coinbase's integration of part of its institutional derivatives trading infrastructure into Deribit, which has long dominated the cryptocurrency options market. Coinbase had previously collaborated with Deribit on clearing and liquidity levels. [Original Link]