Deribit Is Ending Daily Proof of Reserves as Coinbase Custody Expands

By Isaac • August 29, 2026 7:24 pm •

Deribit is about to remove one of the most direct transparency tools available to its customers.

Beginning September 1, the Coinbase-owned derivatives exchange will stop publishing its daily public Proof of Reserves page. The change comes as Deribit says roughly 90% of client assets have moved into Coinbase custody arrangements.

That does not mean Deribit has a reserve shortfall. It does mean customers will lose a daily, public way to check whether their balances were included in the exchange’s liabilities and compare those liabilities with disclosed wallet holdings.

In its official notice, Deribit said the removal is part of a wallet-infrastructure overhaul during its integration with Coinbase. The exchange described daily Proof of Reserves as a