Anchorage Digital vs Coinbase Prime

Anchorage Digital4.1/5

VS

Coinbase Prime4.1/5

Feature	Anchorage DigitalVisit	Coinbase PrimeVisit
Ratings
Our score	4.1/5	4.1/5
User rating	No reviews yet	No reviews yet
Security	4.0	4.0
Compliance	4.0	4.0
Asset support	4.0	4.0
Features	4.5	4.5
Support	4.0	4.0
Specs
Custody model	Qualified custodian, HSM, Self-custody software	Not disclosed
Clients	Institutions, Funds, Corporates, High-net-worth	Not disclosed
Regulated	Yes	Yes
SOC 2 report	Yes	Yes
Insurance	Not disclosed	Up to $320M commercial crime policy (insurer syndicate), shared by all Coinbase customers
Staking	Yes	Yes
API access	Yes	Yes
Licenses & charters	OCC national trust bank charter (US), NYDFS BitLicense (US), MAS Major Payment Institution license (Singapore), NFA introducing broker registration (US)	NYDFS limited purpose trust charter (US), NYDFS BitLicense (US), CSSF MiCA CASP authorization (Luxembourg)
Cold storage	Yes	Yes
Qualified custodian	Yes	Yes
Company
Founded	2017	2012
Headquarters	United States	United States
Investors	Tether, KKR, GIC	Not disclosed
Strengths and weaknesses
Pros	Custody at an OCC-chartered national trust bank, in place since January 2021 SOC 1 Type 2 and SOC 2 Type 2 reports, with SOC 2 examinations since 2021 Staking and governance voting on 20+ networks without assets leaving custody Atlas settlement supports off-exchange trading on Binance from custody	Custody at a NYDFS-chartered trust company that acts as a fiduciary under New York Banking Law SOC 1 Type 2 and SOC 2 Type 2 reports cover private key management controls Coinbase generally keeps no more than 2% of custodied assets in hot wallets REST, FIX and WebSocket APIs with TWAP and VWAP order types
Cons	No insurance policy for digital assets appears in its custody disclosures OCC consent order over BSA/AML deficiencies ran from April 2022 to August 2025 No EU authorization yet; the Irish MiCA application was announced in October 2026	The $320 million crime policy is shared by every Coinbase customer $50 million NYDFS penalty in 2023 over anti-money laundering and KYC failures The May 2025 data theft incident led to $311.2 million in cash payments The OCC charter for Coinbase National Trust Company was a conditional approval in April 2026
Best for	ETF issuers and asset managers that want a federally chartered custodian, Funds that stake or vote without moving assets out of custody, Trading firms using Binance with collateral held off-exchange	Hedge funds that want custody and execution in one account, ETF sponsors and asset managers that need a New York trust company as custodian, Trading desks that route orders over FIX

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