Security is a prime objective of Deribit. Therefore, we have implemented an advanced multi-level security architecture to ensure the highest possible degree of safety. Safekeeping of assets we hold on behalf of our clients is a top priority.
In the ever-evolving technology landscape and market trends, we continuously monitor, assess, and implement new solutions to cater to our clients needs. Partners we work with are carefully selected and solutions are engineered and implemented with the utmost care. The following tables show key features of the readily available solutions for keeping your assets safe and secure while ensuring smooth and ongoing trading activity. We will be updating these tables as and when new solutions become available. If you have specific questions or requests related to custody solutions, please contact custody@deribit.com.
️ Deribit clients are either onboarded with DRB Panama Inc. or with Deribit FZE in Dubai, please check your legal page to verify the entity you face.
In case a client is onboarded with Deribit FZE the following is the custody model applicable:
|
Custodian |
Deribit FZE (Default) |
BitGo |
Fireblocks Off-Exchange |
Komainu |
Sygnum |
Zodia |
|---|---|---|---|---|---|---|
|
Entity |
Deribit FZE |
BitGo Trust Company Inc. |
Fireblocks Ltd. |
Komainu (Jersey) Limited / Komainu UK Limited / Komainu MEA FZE |
Sygnum Bank AG |
Zodia Custody Limited |
|
Eligible clients |
Institutional Investors and Qualified Investors |
Institutional Investors and Qualified Investors |
Institutional Investors and Qualified Investors |
Institutional Investors and Qualified Investors |
Institutional Investors and Qualified Investors |
Institutional Investors and Qualified Investors |
|
Contact |
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|
Assets held |
Assets are held in a combination of custody solutions: >90% in Coinbase custody and cold self-custody, <10% in self-custody, <1% with third-party custodians Copper and FalconX |
Hybrid model: 80% of all collateral assets in segregated on-chain wallets in BitGo Custody, 20% of all collateral assets in Deribit FZE custody, Fireblocks off-exchange, Komainu, or Sygnum |
In segregated on chain self-custody wallet (Collateral Vault Account - CVA) |
100% held in segregated on chain wallets (Collateral Vault Account - CVA) |
100% held in segregated on chain wallets (Collateral Vault Account - CVA); Assets held off Sygnum's balance sheet |
100% held in segregated on chain wallets |
|
Institution type |
Centralized Exchange |
Custodian |
Technology provider for self-custody |
Digital Asset Service Provider and Custodian |
Bank |
Custodian |
|
Regulatory Status |
Exchange license for spot and derivatives under the Virtual Assets Regulatory Authority, Dubai |
Qualified custodian regulated by the South Dakota Division of Banking, and also registered as a Money Services Business (MSB) with the Financial Crimes Enforcement Network (FinCEN). |
Not regulated |
Regulated by the Jersey Financial Services Commission in the conduct of fund services business pursuant to the Financial Services (Jersey) Law 1998, as amended. Komainu (Jersey) Limited is furthermore registered pursuant to Schedule 2 for VASP Activities. / MLR registration with the UK Financial Conduct Authority with FRN 985974 |
Licensed as a Bank by the Swiss Financial Market Supervisory Authority FINMA / Licensed and regulated by the Dubai Virtual Assets Regulatory Authority as a Virtual Asset Service Provider (VASP) for VA Custody Services (including custodial staking) |
Registered with the Financial Conduct Authority (FCA), United Kingdom |
|
Client terms covered in |
Deribit FZE Exchange Membership Terms |
Deribit FZE Exchange Membership Terms + Account Control Agreement + Supplemental agreement to ACA + BitGo CSA |
Deribit FZE Exchange Membership Terms + Deribit Supplementary agreement + Fireblocks T&Cs |
Deribit FZE Exchange Membership Terms + Komainu Custody Agreement and MSA + Off Exchange Utilization and Custody Agreement |
Collateral Custody Account Agreement + Pledge Agreement + Deribit T&Cs |
Interchange Settlement Wallet Rulebook + Zodia Custody Agreement + Deribit FZE Exchange Membership Terms |
|
Settlement |
Real time calculation of balances Session closing settlement daily at 8am UTC |
Refer to the column of where the 20% of all collateral assets are held |
Fireblocks Off Exchange Once a day if settlement threshold breached, on-chain Default settlement threshold is 0.1 of each currency (e.g. 0.1 BTC, 0.1 ETH), customizable at request |
Once a day if settlement threshold breached, on-chain |
Once a day if settlement threshold breached, on-chain Default settlement threshold is 0.1 of each currency (e.g. 0.1 BTC, 0.1 ETH), customizable at request |
Interchange Settlement Wallet Rulebook + Zodia Custody Agreement + Deribit FZE Exchange Membership Terms |
|
Custody Fees |
Free |
Fees payable to BitGo, No Deribit off-exchange custody fees |
Fees payable to Fireblocks No Deribit off-exchange custody fees |
Fees payable to Komainu No Deribit off-exchange custody fees |
Fees payable to Sygnum, No Deribit off-exchange custody fees |
Fees payable to Zodia No Deribit off-exchange custody fees |
|
Dedicated on-chain wallet per client |
Not a dedicated wallet address, but Deribit does offer dedicated deposit addresses |
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Related articles |
In case a client is onboarded with DRB Panama Inc. the client would by default have the DRB Panama Inc. custody model unless the client opted for an external custody model.
|
Custodian |
DRB Panama Inc. (Default) |
BitGo |
BitGo via Copper Clearloop |
Copper Clearloop |
FalconX |
Fidelity |
Fireblocks Off-Exchange |
Komainu |
Sygnum |
Zodia |
|---|---|---|---|---|---|---|---|---|---|---|
|
Entity |
DRB Panama Inc. |
BitGo Trust Company Inc. |
BitGo Trust Company Inc. |
Copper Markets (Switzerland) AG |
FalconX Limited |
Fidelity Digital Asset LLC |
Fireblocks Ltd. |
Komainu (Jersey) Limited / Komainu UK Limited / Komainu MEA FZE |
Sygnum Bank AG |
Zodia Custody Limited |
|
Eligible clients |
Institutional Investors, Qualified Investors and Retail Investors |
Institutional Investors and Qualified Investors |
Institutional Investors and Qualified Investors |
Institutional Investors and Qualified Investors |
Institutional Investors and Qualified Investors |
Institutional Investors and Qualified Investors |
Institutional Investors and Qualified Investors |
Institutional Investors and Qualified Investors |
Institutional Investors and Qualified Investors |
Institutional Investors and Qualified Investors |
|
Website/Contact |
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|
Assets held |
Assets are held be Deribit FZE in a combination of custody solutions: >90% in Coinbase custody and cold self-custody, <10% in self-custody, <1% with third-party custodians Copper and FalconX |
Hybrid model: 80% of all collateral assets in omnibus structure in BitGo custody, 20% of all collateral assets in DRB Panama Inc. custody, BitGo via Copper Clearloop, Fireblocks off-exchange, Komainu, or Sygnum |
In segregated, insured, bankruptcy-remote qualified custody wallet |
In tri-party Trust, omnibus structure |
Designated Omnibus structure - only Deribit and its clients |
Hybrid model: 80% of all collateral assets in omnibus structure in Fidelity custody, 20% of all collateral assets in DRB Panama Inc. custody or Copper Clearloop, Fireblocks off-exchange, Komainu, or Sygnum |
In segregated on chain self-custody wallet (Collateral Vault Account - CVA) |
100% held in segregated on chain wallets (Collateral Vault Account - CVA) |
100% held in segregated on chain wallets (Collateral Vault Account - CVA); Assets held off Sygnum's balance sheet |
100% held in segregated on chain wallets |
|
Institution type |
Broker |
Custodian |
Custodian |
Custodian |
Custodian |
Custodian |
Technology provider for self-custody |
Digital Asset Service Provider and Custodian |
Bank |
Custodian |
|
Regulatory status |
Not regulated |
Qualified custodian regulated by the South Dakota Division of Banking, and also registered as a Money Services Business (MSB) with the Financial Crimes Enforcement Network (FinCEN). |
Qualified custodian regulated by the South Dakota Division of Banking, and also registered as a Money Services Business (MSB) with the Financial Crimes Enforcement Network (FinCEN). |
Registered in VQF, Switzerland - Financial Services Standards Association Seeking regulatory license |
Regulated by the Malta Financial Services Authority (MFSA) |
Regulated by the New York State Department of Financial Services, United States of America and Registered with the Financial Conduct Authority (FCA), United Kingdom |
Not regulated |
Regulated by the Jersey Financial Services Commission in the conduct of fund services business pursuant to the Financial Services (Jersey) Law 1998, as amended. Komainu (Jersey) Limited is furthermore registered pursuant to Schedule 2 for VASP Activities. / MLR registration with the UK Financial Conduct Authority with FRN 985974 / Licensed and regulated by the Dubai Virtual Assets Regulatory Authority as a Virtual Asset Service Provider (VASP) for VA Custody Services (including custodial staking) |
Licensed as a Bank by the Swiss Financial Market Supervisory Authority FINMA |
Registered with the Financial Conduct Authority (FCA), United Kingdom |
|
Client terms covered in |
DRB Panama Inc. Terms of Service |
DRB Panama Inc. Terms of service + DRB Panama Inc Special Terms of Service + Account Control Agreement + Supplemental agreement to ACA + BitGo CSA |
DRB Panama Inc. Terms of service + BitGo CSA + BitGo OES program terms + Copper Security Agreement + Copper Account Control Agreement |
DRB Panama Inc. Terms of Service + Copper T&Cs |
FalconX Limited Custody agreement + FalconX Prime Connect agreement |
Account Control Agreement (ACA) + DRB Panama Inc Special Transitional Terms of Service + Supplemental agreement to ACA + Fidelity Custody agreement |
DRB Panama Inc. Terms of Service + Deribit Supplementary agreement + Fireblocks T&Cs |
DRB Panama Inc. / Deribit FZE Terms of service + Komainu Custody Agreement and MSA + Off Exchange Utilization and Custody Agreement |
Collateral Custody Account Agreement + Pledge Agreement + Deribit T&Cs |
Interchange Settlement Wallet Rulebook + Zodia Custody Agreement + DRB Panama Inc Terms of Service |
|
Settlement |
Real time calculation of balances, Session closing settlement daily at 8am UTC |
Refer to the column of where the 20% of all collateral assets are held |
Once a day, facilitated via BitGo Go Network Off Exchange Settlement and Copper ClearLoop |
Copper ClearLoop Once a day, off-chain, through sub-ledger entries |
Once a day, off-chain, through sub-ledger entries |
refer to the column of where the 20% of all collateral assets are held |
Fireblocks Off Exchange Once a day if settlement threshold breached, on-chain Default settlement threshold is 0.1 of each currency (e.g. 0.1 BTC, 0.1 ETH), customizable at request |
Once a day if settlement threshold breached, on-chain |
Once a day if settlement threshold breached, on-chain Default settlement threshold is 0.1 of each currency (e.g. 0.1 BTC, 0.1 ETH), customizable at request |
Once a day, on-chain settlement |
|
Fees |
Free |
Fees payable to BitGo, No Deribit off-exchange custody fees |
Fees payable to BitGo, No Deribit off-exchange custody fees |
Fees payable to Copper No Deribit off-exchange custody fees |
Fees payable to FalconX No Deribit off-exchange custody fees |
Fees payable to Fidelity No Deribit off-exchange custody fees |
Fees payable to Fireblocks No Deribit off-exchange custody fees |
Fees payable to Komainu No Deribit off-exchange custody fees |
Fees payable to Sygnum, No Deribit off-exchange custody fees |
Fees payable to Zodia No Deribit off-exchange custody fees |
|
Dedicated on-chain wallet per client? |
Not a dedicated wallet address, but Deribit does offer dedicated deposit addresses |
X |
X |
X |
X |
X |
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Related articles |
Depending on the custody option your account operates on, certain tokens and instruments may or may not be available for the custody solution. The following table shows the supported tokens under each model.
|
Token |
Network |
Deribit FZE & DRB Panama Inc. |
BitGo |
BitGo via Copper Clearloop |
Copper Clearloop |
FalconX |
Fidelity |
Fireblocks Off-exchange |
Komainu Jersey / Komainu Dubai |
Komainu UK |
Sygnum |
Zodia |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
BNB |
Binance Smart Chain |
✓ |
✓ |
✓ |
✓ |
X |
X |
✓ |
✓ |
✓ |
X |
X |
|
BTC |
Bitcoin |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
|
BUIDL* |
Ethereum |
✓ |
✓ |
X |
X |
X |
X |
✓ |
✓ |
X |
X |
X |
|
ETH |
Ethereum |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
|
stETH (Lido staked ETH) |
Ethereum |
✓ |
X |
X |
✓ |
X |
X |
✓ |
✓ |
X |
✓ |
X |
|
PAXG |
Ethereum |
✓ |
✓ |
✓ |
✓ |
X |
X |
✓ |
✓ |
✓ |
✓ |
✓ |
|
SOL |
Solana |
✓ |
✓ |
✓ |
✓ |
X |
X |
✓ |
✓ |
✓ |
✓ |
✓ |
|
USDC |
Ethereum |
✓ |
✓ |
✓ |
✓ |
✓ |
X |
✓ |
✓ |
✓ |
✓ |
✓ |
|
USDE |
Ethereum |
✓ |
✓ |
✓ |
✓ |
X |
X |
✓ |
✓ |
X |
✓ |
✓ |
|
USDT |
Ethereum |
✓ |
✓ |
✓ |
✓ |
✓ |
X |
✓ |
✓ |
✓ |
✓ |
✓ |
|
USYC** |
Ethereum |
✓ |
✓ |
X |
X |
X |
X |
✓ |
✓ |
X |
X |
X |
|
XRP |
Ripple |
✓ |
✓ |
✓ |
✓ |
X |
X |
✓ |
✓ |
✓ |
✓ |
✓ |
*For depositing BUIDL to your Deribit or Fireblocks Off-exchange wallet, your wallet address has to be whitelisted with Securitize directly. For withdrawals of BUIDL, the destination address has to be whitelisted with Securitize directly. For both deposits and withdrawals, absence of whitelisting of the destination address with Securitize will result in the rejection of the transaction by the Ethereum blockchain. For details on rewards, please refer to this page.
**For depositing USYC to your Deribit or Fireblocks Off-exchange wallet, your wallet address has to be whitelisted with Hashnote directly. For withdrawals of USYC, the destination address has to be whitelisted with Hashnote directly. Absence of whitelisting with Hashnote will result in the rejection of the transaction by the Ethereum blockchain
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