These release notes list changes to all Coinbase International Exchange products.

2025-JUN-23

Two-Sided Position Limits

Introducing two-sided position limits for perpetual futures position limit accounting.

In this model, long position notional and short position notional values are tracked separately, and the maximum value across the account is the effective value when determining limit breach

  • REST API
    • New values in Position response for Get Portfolio Position and List Portfolio Positions:
      • open_position_notional: max(long_open_position_notional, short_open_position_notional)
      • long_open_position_notional
      • short_open_position_notional

Disable Loan Overdraft Protection on a Portfolio

We are adding support to disable loan overdraft protection on a per-portfolio basis. Overdraft loans will not be issued during settlement or any loan acquisition processes that are not initiated by the user.

  • REST API
    • New parameter to enable/disable overdraft protection to Portfolio Patch endpoint:
      • disable_overdraft_protection

2025-APR-24

Margin Call

Introducing margin call functionality for underwritten clients.

TP/SL Order Replace

Added support for replacing TP/SL orders:

Higher FIX API Key-level Rate Limits

We have increased FIX API key-level rate limits:

  • Increase FIX messages per second per API key from 400 to 800.
  • Increase FIX disconnect threshold messages per second per API key from 700 to 1000.

2025-MAR-27

2025-MAR-13

Introducing 2 new endpoints to get portfolio transfer limits.

2025-FEB-27

Added transfer activity to the Get Transfers endpoint representing automatic portfolio to portfolio balance transfers made to cover losses during liquidation.

  • REST API
    • Added new transfer activity to the Get Transfers endpoint
      • New supported types: LIQUIDATION_EQUITY_CLAWBACK

2025-FEB-13

Introducing 3 new endpoints to get portfolio open position notional limits.

Adding Real Time Settlement Transfer events to the Get Transfers endpoint.

  • REST API
    • Add real time settlement transfers to the Get Transfers endpoint
      • New supported types: REAL_TIME_SETTLEMENT

2025-FEB-06

Session CancelOnDisconnect Default Behavior

The default value for both CancelOrdersOnDisconnect and CancelOrdersOnInternalDisconnect in the FIX Logon message changed from N (No cancel on disconnect) to Y (Only cancels orders from this session).

CancelOrdersOnDisconnect (Tag 8013)

  • Old Default: N (No cancel on disconnect)
  • New Default: Y (Only cancels orders from this session)

CancelOrdersOnInternalDisconnect (Tag 8014)

  • Old Default: N (No cancel on internal disconnect)
  • New Default: Y (Only cancels orders from this session)

2025-JAN-16

Replacing quantity risk limits with notional ones:

  • REST API
  • FIX API
    • New PositionLimit field (tag 970) in Market Data. This a new field is on the SecurityDefinition message
    • The field MaxTradeVol will be deprecated in the future changes.
  • Order rejection uses UBO_HIGH_LEVERAGE_NOTIONAL_BREACHED instead of UBO_HIGH_LEVERAGE_QUANTITY_BREACHED.
  • Updated cb_intx_fix_dictionaries_latest.tar.gz for download

Adding new instrument trading state EXTERNAL:

  • EXTERNAL Trading State

    • Instruments that have an EXTERNAL trading status are not currently traded on this market. This is used to derive collateral value of instruments that does not have a quoted USDC price.
  • REST API

  • FIX API

  • WEB MD API

    • Added trading_state value external to the INSTRUMENTS Channel response.
    • WEB MD API will not subscribe to MDA candles data for external instruments
    • WEB MD API will reject client subscription requests to all channels except RISK and INSTRUMENT for external instruments
  • Updated cb_intx_fix_dictionaries_latest.tar.gz for download

2024-DEC-18

  • REST API
    • Populated txn_hash for both on-chain deposits and on-chain withdrawals in the responses for Get transfer and Get transfers.

2024-DEC-13

  • REST API
    • Added instrument_symbol and txn_hash field to the responses for Get transfer and Get transfers respectively.
      • txn_hash will be present for on-chain deposit transfers
      • instrument_symbol will be present for funding transfers

2024-NOV-25

Added support for Exchange Loans

  • REST API
    • Added Update Loan endpoint to acquire/repay existing loans
    • Added Preview Loan endpoint to preview the portfolio state after acquiring a loan
    • Added Loan Availability endpoint to retrieve the maximum loan amount available for the specified asset
    • Added Get Portfolio Loans endpoint to view all loans for a portfolio
    • Added Get Portfolio Loan endpoint to view the existing loan state for the specified asset
    • Changes to fields in the Balance response object
      • Added collateral_backed_overdraft_loan amount (quantity) of outstanding loan taken due to overdrafting USDC on a debit
      • Added user_requested_loan amount (quantity) of outstanding loan requested by the user
      • Changed loan to be the total loan amount (quantity) outstanding. Sum of collateral_backed_overdraft_loan and user_requested_loan
      • Added loan_initial_margin_contribution the amount of initial margin required to hold the existing loan
    • Changes to the fields in the Asset response object
      • Added loan_initial_margin the percentage of initial margin requirement for taking a loan on the asset
      • Added max_loan_leverage the maximum amount leverage that can be used when taking a loan on the asset
    • Added loan activity to the Get Transfers endpoint
      • New supported types: LOAN_ACQUIRE, LOAN_REPAY, LOAN_INTEREST_CHARGE, and ALL_LOANS
      • The ALL_LOANS type will include all transfers related to acquire, repay, and interest charge activity

2024-NOV-21

Added new text field to denote cancel reason in get order endpoint

2024-NOV-12

Added new REST API endpoints for retrieving index data:

2024-OCT-24

API changes for TWAP orders:

2024-SEP-12

Adding new FIX field to instrument definition:

2024-SEP-10

Added new instrument trading state DELISTED:

2024-SEP-03

Adding new FIX messages for the PreFills API. The new FIX messages are:

2024-AUG-20

Adding new field underlying_type which represents the underlying asset type. The enhanced REST API endpoints are:

2024-JUL-30

Renamed fill_source to source in REST API endpoints:

2024-JUL-22

Added fill_source (LIQUIDATION, CLIENT_ORDER) to REST API endpoints:

2024-JUL-11

Updated and added rate limits:

  • Updated REST requests per second per API Key from 100 to 40
  • Updated Maximum API Keys per account to:
    • Maximum trading API Keys per account: 30
    • Maximum non-trading API Keys per account: 20
  • Added Maximum connection attempts every 30 seconds: 10

2024-JUN-17

Added support for Pre-Launch Markets. Pre-Launch Markets let users trade perpetual futures contracts on tokens that have not launched yet. When an underlying token is launched on an applicable spot exchange, the instrument converts to a standard perpetual contract. Learn more in our Help Center.

2024-JUN-06

2024-MAY-23

2024-MAY-13

2024-MAY-02

2024-APR-25

Added the following REST endpoints:

2024-APR-17

Added portfolio Auto Margin:

  • Portfolios automatically post the collateral required to exceed high leverage limits on a per-instrument basis.
  • Portfolio margin requirements are calculated based on the newly introduced default initial margin instrument field.
  • Users can opt-in to the Auto Margin feature on a per-portfolio basis.

Instrument Definitions

Added the following instrument definitions for Auto Margin:

Portfolio Endpoints

2024-APR-02

Updated REST and FIX API to support TP/SL orders:

2024-MAR-27

Added support for portfolio cross collateral:

2024-MAR-26

Added new REST API for position transfer — requires trade permission:

2024-MAR-19

Added new REST APIs for fee rate tiers:

2024-FEB-27

2024-FEB-22

2024-FEB-06

2024-JAN-30

2024-JAN-23

2024-JAN-15

2024-JAN-11

2023-DEC-13

2023-DEC-12

2023-DEC-05

2023-NOV-28

  • Added portfolio_initial_margin_notional, portfolio_current_margin_notional, portfolio_maintenance_margin_notional and portfolio_close_out_margin_notional to Get portfolio summary and Get portfolio details REST endpoints.

2023-NOV-27

2023-NOV-24

2023-NOV-09

2023-NOV-08

2023-OCT-30

2023-OCT-19

2023-OCT-18

2023-SEP-28

  • Added new endpoint /transfers/withdraw: Withdraw to crypto address
  • Multi-chain support for USDC transfers on Base/Optimism networks

2023-JUL-21

2023-JUL-11

2023-JUN-01

WebSocket
REST API
INTX UI
  • Publish 24h volume on Markets page
  • Fixed issue displaying “Short” positions

2023-MAY-19

Improved overall system performance and stability. Features include:

2023-MAY-02

  • Public preview of the Coinbase International Exchange FIX and REST APIS.