Coinbase International Exchange migrates to Deribit, downtime expected Oct 1

Summary

On October 1, 2026, Coinbase International Exchange will undergo a planned migration to Deribit, resulting in an approximate one-hour downtime starting at 9:00 AM UTC, during which both platforms will be inaccessible. This migration consolidates all of Coinbase's derivatives trading onto Deribit, making it the sole global venue for such activities. Following the transition, the Coinbase International Exchange will only operate in a read-only mode, and all trading will occur exclusively on Deribit, while networks supporting USDC and various assets are confirmed to be operational ahead of the maintenance.

Tokens

$USDC

Analysis

USDC: USDC is Circle’s USD-backed stablecoin used for trading, transfers, and settlements across multiple blockchains. Multiple USDC network variants are supported on Coinbase platforms and listed as operational in the status overview. It appears among the assets and networks unaffected in their read-only or pre-migration status during the upcoming maintenance window. Deribit: Deribit is a specialized cryptocurrency derivatives exchange focused on futures, options, and perpetual contracts. It has been selected to become Coinbase’s single global derivatives venue through the integration of Coinbase International Exchange activity. All trading from the migrating platform will shift to Deribit following the scheduled transition. Coinbase International Exchange: Coinbase International Exchange is Coinbase's dedicated platform for international derivatives and perpetual futures trading targeting non-US users. It is actively migrating its entire trading operation to Deribit to consolidate into a single global derivatives venue. After the transition, the platform will continue in read-only mode with no further trading capabilities. Migration: Coinbase International Exchange is consolidating all derivatives trading activity onto Deribit as its single global venue. Post-Migration: Coinbase International Exchange will operate in read-only mode after the transition, with all trading moving exclusively to Deribit. Operational Continuity: Networks supporting USDC and numerous other assets remain listed as fully operational ahead of the planned maintenance.

Categories

cryptoperpsbasetechethereumdefihyperliquid
View Original Tweet