Deribit, the popular cryptocurrency derivatives exchange, announced today it has launched a new ‘Proof of Reserves‘ tool for clients using the trading platform. Now, clients are provided with the functionality to verify their assets to be included in Deribit’s overall reserves.
How it Works
Deribit provides all addresses for all on-chain assets and it delivers a daily file with all liabilities (all client balances) in a hashed way. Note, assets held by third-party custodians cannot be included in the report as they are not under Deribit’s direct control. Therefore, the data file that is fully accessible to all interested parties only contains the accounts that hold assets on Deribit.
Clients get a key allowing them to find ..
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