
exchanges·17d ago
Deribit moves 90% of client assets to Coinbase, drops daily proof-of-reserves check
Deribit shifted most client funds to Coinbase and ended its daily Merkle proof-of-reserves check on Sept. 1.
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Deribit shifted most client funds to Coinbase and ended its daily Merkle proof-of-reserves check on Sept. 1.

Coinbase outlined steps to move Deribit institutional positions, including a 30-minute cutover window and an Aug. 28 opt-out.

Bitcoin hovers near $62,900 after Deribit settles $9.6B in monthly options, with potential short overhang watched.

Bitcoin fell toward $58,000 ahead of a major Deribit options expiry amid continued ETF outflows and leveraged liquidations.