Coinbase–Deribit Transition: Which Open Orders Need Re-Entry?

Coinbase’s planned October 1 transition with Deribit has a consequence for traders with open perpetual-futures orders: affected Coinbase users would need to enter those orders again after the move. Coinbase describes the migration as scheduled and subject to change. As of the official-source review at 11:41 UTC (20:41 KST) on October 1, its status page had not announced that the migration was complete.

Who needs to re-enter orders?

For perpetual-futures users on the Coinbase app or website, Coinbase’s user FAQ says the account transition is automatic and requires no new account. Open perpetual-futures orders will be canceled, however, and users who still want those orders will need to enter them again.

International Exchange institutional clients also face order cancellation. According to Coinbase’s institutional FAQ, open INTX orders will be canceled. These clients must verify access to their new accounts; API users must change endpoints and obtain new Deribit API keys. The old INTX account becomes view-only after migration.

The transition overview describes existing Deribit users’ accounts, positions, subaccounts and settings as unaffected. For institutional clients who also hold an INTX account, the INTX portfolios are to be mapped into new Deribit subaccounts, with consolidation available afterward.

What happens to positions and balances?

Coinbase says app and website users’ positions and balances will transfer through settlement and position recreation. It says the process is designed to preserve economic exposure, though a small temporary difference in unrealized profit and loss may appear. That is Coinbase’s description of the intended process, not an independently verified result for individual accounts.

For institutional INTX clients, Coinbase describes a more specific sequence: positions are settled at the mark price, profit and loss is crystallized, funding is paid, balances are transferred, and positions are recreated at the same settlement price. The distinction matters: an open order is canceled, while a position is handled through the migration process Coinbase describes.

Timing and eligibility remain qualified

Coinbase’s current help pages estimate approximately 60 minutes of downtime. Earlier indexed copies estimated approximately 30 minutes, and the reviewed sources do not explain the change. Neither figure establishes the actual duration. The pages specify October 1 as the planned date but give no cutover hour or time zone; the schedule remains subject to client readiness and regulatory approvals.

The transition should not be read as a general launch of options for U.S. retail users. Coinbase describes options access for eligible users in selected jurisdictions outside the United States, says U.S. availability is coming later, and gives eligible U.S. Prime institutional clients a separate fourth-quarter timeline. It says U.S. retail options availability will be announced separately.

At the time of review, Coinbase Status showed no incidents reported for October 1 and labeled Coinbase International Derivatives and Deribit’s website operational. Those labels do not establish whether the migration had begun or finished. A completion notice and updated account-level instructions would be the clearest basis for revising this account of the transition.