Deribit will remove its daily public Proof-of-Reserves page on September 1, ending the check that clients could use to verify balance inclusion and compare aggregate liabilities with published holdings. The exchange said roughly 90% of client assets have moved into Coinbase custody arrangements since Coinbase acquired the derivatives platform in August 2025. This change reflects a wallet infrastructure overhaul during its integration with Coinbase, but is not itself evidence of a reserve shortfall. Deribit FZE’s regulatory obligations under Dubai’s Virtual Assets Regulatory Authority remain unchanged: reserves equal to 100% of client liabilities, daily reconciliations and independent audits at least every six months.
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