Deribit announced it will end its public daily proof‑of‑reserves dashboard on September 1. About 90 % of client assets have been transferred to Coinbase custody after the exchange’s acquisition in August 2025.

The previous dashboard allowed anyone to verify balance inclusion and compare aggregate liabilities with published wallet holdings using a privacy‑preserving Merkle tree snapshot.

Regulatory reserve, reconciliation and audit controls will continue, but the daily public verification will no longer be offered. Clients can request audited financial statements and other due‑diligence material, which are less frequent and not directly verifiable.

Dubai’s Virtual Assets Regulatory Authority requires covered virtual asset service providers to maintain reserves equal to 100 % of client liabilities, reconcile them daily and obtain an independent reserve audit at least every six months. Deribit said it will comply with those requirements.

The removal reduces the frequency of direct public verification for users, though the exchange said its reserve obligations remain unchanged.