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. External custody solutions are currently only offered via DRB Panama Inc. Deribit FZE will be live effective 1st January 2025
In case a client is onboarded with Deribit FZE the following is the custody model applicable:
|
Custodian |
Deribit FZE |
Fireblocks Off-Exchange |
Sygnum |
|---|---|---|---|
|
Entity |
Deribit FZE |
Fireblocks Ltd. |
Sygnum Bank AG |
|
Eligible clients |
Institutional Investors and Qualified Investors |
Institutional Investors and Qualified Investors |
Institutional Investors and Qualified Investors |
|
Contact |
|||
|
Assets held |
Assets are held in a combination of custody solutions: ~90+ % in cold self-custody ~10 % in self-custody and third-party custodian Coinbase |
In segregated on chain self-custody wallet (Collateral Vault Account - CVA) |
100% held in segregated on chain wallets (Collateral Vault Account - CVA); Assets held off Sygnum's balance sheet |
|
Institution type |
Centralized Exchange |
Technology provider for self-custody |
Bank |
|
Regulatory Status |
Exchange license for spot and derivatives under the Virtual Assets Regulatory Authority, Dubai |
Not regulated |
Licensed as a Bank by the Swiss Financial Market Supervisory Authority FINMA |
|
Client terms covered in |
Deribit FZE Exchange Membership Terms |
Deribit FZE Exchange Membership Terms + Deribit Supplementary agreement + Fireblocks T&Cs |
Collateral Custody Account Agreement + Pledge Agreement + Deribit T&Cs |
|
Settlement |
Real time calculation of balances Session closing settlement daily at 8am UTC |
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 Default settlement threshold is 0.1 of each currency (e.g. 0.1 BTC, 0.1 ETH), customizable at request |
|
Custody Fees |
Free |
Fees payable to Fireblocks No Deribit off-exchange custody fees |
Fees payable to Sygnum, No Deribit off-exchange custody fees |
|
Dedicated on-chain wallet per client |
Not a dedicated wallet address, but Deribit does offer dedicated deposit addresses |
✓ |
✓ |
|
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) |
Copper Clearloop |
Fireblocks Off-Exchange |
FalconX |
Zodia |
Fidelity |
Sygnum |
|---|---|---|---|---|---|---|---|
|
Entity |
DRB Panama Inc. |
Copper Markets (Switzerland) AG |
Fireblocks Ltd. |
FalconX Limited |
Zodia Custody Limited |
Fidelity Digital Asset LLC |
Sygnum Bank AG |
|
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 |
|
Website/Contact |
|||||||
|
Assets held |
Assets are held in a combination of custody solutions: ~90+ % in cold self-custody of Deribit FZE ~10 % in self-custody of Deribit FZE and various third-party custodians |
In tri-party Trust, omnibus structure |
In segregated on chain self-custody wallet (Collateral Vault Account - CVA) |
Designated Omnibus structure - only Deribit and its clients |
Hybrid model: 80% of all collateral assets in segregated on-chain wallets in Zodia Custody, 20% of all collateral assets in DRB Panama Inc. custody or Copper Clearloop or Fireblocks off-exchange |
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 or Fireblocks off-exchange |
100% held in segregated on chain wallets (Collateral Vault Account - CVA); Assets held off Sygnum's balance sheet |
|
Institution type |
Broker |
Custodian |
Technology provider for self-custody |
Custodian |
Custodian |
Custodian |
Bank |
|
Regulatory status |
Not regulated |
Registered in VQF, Switzerland - Financial Services Standards Association Seeking regulatory license |
Not regulated |
Regulated by the Malta Financial Services Authority (MFSA) |
Registered with the Financial Conduct Authority (FCA), United Kingdom |
Regulated by the New York State Department of Financial Services, United States of America and Registered with the Financial Conduct Authority (FCA), United Kingdom |
Licensed as a Bank by the Swiss Financial Market Supervisory Authority FINMA |
|
Client terms covered in |
DRB Panama Inc. Terms of Service |
DRB Panama Inc. Terms of Service + Copper T&Cs |
DRB Panama Inc. Terms of Service + Deribit Supplementary agreement + Fireblocks T&Cs |
FalconX Limited Custody agreement + FalconX Prime Connect agreement |
Interchange Wallet Control Agreement (IWCA) + DRB Panama Inc Special Transitional Terms of Service + Supplemental agreement to IWCA + Zodia Custody agreement |
Account Control Agreement (ACA) + DRB Panama Inc Special Transitional Terms of Service + Supplemental agreement to ACA + Fidelity Custody agreement |
Collateral Custody Account Agreement + Pledge Agreement + Deribit T&Cs |
|
Settlement |
Real time calculation of balances, Session closing settlement daily at 8am UTC |
Copper ClearLoop Once a day, off-chain, through sub-ledger entries |
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, off-chain, through sub-ledger entries |
refer to the column of where the 20% of all collateral assets are held |
refer to the column of where the 20% of all collateral assets are held |
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 |
|
Fees |
Free |
Fees payable to Copper No Deribit off-exchange custody fees |
Fees payable to Fireblocks No Deribit off-exchange custody fees |
Fees payable to FalconX No Deribit off-exchange custody fees |
Fees payable to Zodia No Deribit off-exchange custody fees |
Fees payable to Fidelity No Deribit off-exchange custody fees |
Fees payable to Sygnum, 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 |
for the 80% of all collateral assets |
X |
✓ |
|
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. |
Fireblocks Off-exchange |
Copper Clearloop |
FalconX |
Zodia |
Fidelity |
Sygnum |
|---|---|---|---|---|---|---|---|---|
|
BNB |
Binance Smart Chain |
✓ |
✓ |
✓ |
X |
✓ |
X |
X |
|
BTC |
Bitcoin |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
|
ETH |
Ethereum |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
✓ |
|
stETH (Lido staked ETH) |
Ethereum |
✓ |
✓ |
✓ |
X |
X |
X |
✓ |
|
PAXG |
Ethereum |
✓ |
✓ |
✓ |
X |
✓ |
X |
✓ |
|
SOL |
Solana |
✓ |
✓ |
✓ |
X |
✓ |
X |
✓ |
|
USDC |
Ethereum |
✓ |
✓ |
✓ |
✓ |
✓ |
X |
✓ |
|
USDE |
Ethereum |
✓ |
✓ |
✓ |
X |
✓ |
X |
✓ |
|
USDT |
Ethereum |
✓ |
✓ |
✓ |
✓ |
✓ |
X |
✓ |
|
USYC* |
Ethereum |
✓ |
✓ |
✓ |
X |
X |
X |
X |
|
XRP |
Ripple |
✓ |
✓ |
✓ |
X |
✓ |
X |
✓ |
*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