Deribit Axes Public Proof-of-Reserves Page Amid Coinbase Integration
Deribit, a derivatives platform, has announced that it will be retiring its public Proof of Reserves page on September 1. The page allowed users to verify their balances and reconcile them against Deribit's wallet holdings.
The decision follows an overhaul of Deribit's wallet infrastructure, which was carried out during its integration with Coinbase in August 2025. Approximately 90% of client assets have been migrated into Coinbase custody arrangements since the acquisition.
Deribit has stated that it will no longer provide a daily snapshot for users to verify their balances, but instead will offer audited financial statements and other due-diligence material upon request. This change does not necessarily imply a reserve shortfall, but rather a reduction in transparency for customers.