๐ SECURITY:
Deribit is ending its daily public Proof of Reserves after moving around 90% of client assets into Coinbase custody arrangements.
The important part isnโt just where the assets are heldโitโs what users lose in the process.
Regulatory reserve checks will still exist, but customers will no longer have access to daily Merkle-based verification they could independently check themselves.
This creates an interesting trade-off: institutional custody may offer stronger infrastructure, but public transparency takes a step back.
In crypto, trust is importantโbut the ability to verify is even more important. ๐
#Crypto #Bitcoin #Security #ProofOfReserves #blockchain
Deribit is ending its daily public Proof of Reserves after moving around 90% of client assets into Coinbase custody arrangements.
The important part isnโt just where the assets are heldโitโs what users lose in the process.
Regulatory reserve checks will still exist, but customers will no longer have access to daily Merkle-based verification they could independently check themselves.
This creates an interesting trade-off: institutional custody may offer stronger infrastructure, but public transparency takes a step back.
In crypto, trust is importantโbut the ability to verify is even more important. ๐
#Crypto #Bitcoin #Security #ProofOfReserves #blockchain