Saxo Bank to Reclassify Crypto FX Pairs in OpenAPI by May 2025

Saxo Bank has shared planned changes to its OpenAPI regarding asset type classification for its Crypto FX pairs for May 2025. Currently, all of Saxo’s Crypto FX pairs are under the AssetType “FxSpot,” with a DisplayHint value of “CryptoCurrencies.” However, starting in May 2025, these instruments will be assigned a new AssetType called “FxCrypto,” which will no longer feature a DisplayHint value.

Saxo Bank to Reclassify Crypto FX Pairs in OpenAPI by May 2025

The impacted instruments, identified by their UICs, include the following Crypto FX pairs:

• 21700189: BTCUSD (Bitcoin/US Dollar)
• 21750301: ETHUSD (Ethereum/US Dollar)
• 21776927: BTCEUR (Bitcoin/Euro)
• 21776932: ETHEUR (Ethereum/Euro)
• 21776937: BTCJPY (Bitcoin/Japanese Yen)
• 21776938: ETHJPY (Ethereum/Japanese Yen)

To ensure a smooth transition, Saxo Bank advises developers to adjust their applications to handle both AssetTypes, “FxSpot” and “FxCrypto,” when processing these instruments. This preparation will help prevent disruptions once the change is fully rolled out.

During the transition period, requests sent to OpenAPI should continue using the “FxSpot” AssetType for the affected instruments. Saxo Bank has confirmed that it will continue accepting “FxSpot” alongside these UICs for the foreseeable future. However, after receiving the instruments classified as “FxCrypto,” clients may begin using “FxCrypto” in their requests as well.

So, the planned changes aim to streamline the classification of Crypto FX pairs in OpenAPI and will take effect in May 2025.

Company Overview

Saxo Bank stands out as a premier multi-asset broker, offering exceptional research capabilities and an exceptional trading platform, along with an impressive array of over 70,000 tradable instruments, which include spot forex, FX options, NDFs, CFDs, stocks, stock options, exchange-traded funds, ETNs, futures, and 33,000 bonds. For engaged traders, Saxo Bank offers a comprehensive and immersive trading journey, boasting an extensive toolkit, research resources, and premium features.

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