Saxo Bank Updates OpenAPI for Crypto FX Asset Types

Saxo Bank updates OpenAPI for Crypto FX, introducing a new “FxCrypto” asset type. The changes take effect in May 2025, so developers must adjust their applications accordingly.

Key Points:

• Saxo Bank will introduce a new asset type, “FxCrypto,” replacing “FxSpot,” for all Crypto FX pairs in May 2025.
• Developers must update their applications to handle both asset types and ensure uninterrupted service during the transition.

Saxo Bank has announced upcoming modifications to its OpenAPI regarding asset types for Crypto FX. The bank plans to introduce a new asset type, “FxCrypto,” replacing the existing “FxSpot” classification for all its cryptocurrency FX pairs.

Saxo’s Crypto FX pairs currently fall under the “FxSpot” asset type, accompanied by a “CryptoCurrencies” display hint. With the planned change, these instruments will shift to the newly designated “FxCrypto” asset type without a display hint.

Saxo Bank Updates OpenAPI for Crypto FX Asset Types

The update will impact the following instruments identified by their UICs:

• 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)

Saxo Bank has urged developers and users of its OpenAPI to update their applications accordingly. Developers must ensure that their applications can handle both asset types in their code to avoid disruptions once the transition takes effect.

For OpenAPI requests, Saxo advises users to continue using the “FxSpot” designation until the change is fully rolled out. The bank will continue accepting “FxSpot” alongside the specified UICs for the foreseeable future. However, once users receive these instruments under “FxCrypto,” they can submit requests using the new asset type.

Saxo Bank has scheduled the implementation of these changes for May 2025. Users should make the necessary adjustments ahead of time to ensure a seamless transition. By adopting the new classification, Saxo aims to enhance clarity and accuracy in handling cryptocurrency FX pairs within its OpenAPI framework.

The bank remains committed to keeping its trading infrastructure efficient and transparent and providing traders and developers with the tools to adapt to evolving market conditions. Further updates and technical details will be available through Saxo’s official communication channels.

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