BitGo vs Cactus Custody

BitGo4.5/5

VS

Cactus Custody3.5/5

Feature	BitGoVisit	Cactus CustodyVisit
Ratings
Our score	4.5/5	3.5/5
User rating	No reviews yet	No reviews yet
Security	4.5	3.5
Compliance	4.5	3.0
Asset support	4.5	3.0
Features	4.5	4.0
Support	4.5	4.0
Specs
KYC required	Yes	Not disclosed
Custody model	Qualified custodian, Multi-sig, MPC, HSM, Self-custody software	Not disclosed
Clients	Institutions, Funds, Corporates, High-net-worth, Retail	Institutions, Funds, Corporates, High-net-worth
Regulated	Yes	Yes
SOC 2 report	Yes	Yes
Insurance	Up to $250M for assets where BitGo Bank & Trust holds all keys (Lloyd's of London and European market syndicate)	OneDegree policy covering the Hong Kong and Bhutan custody entities; Swiss entity cover planned (Sep 2026)
Assets supported	1,770	Not disclosed
Staking	Yes	Not disclosed
API access	Yes	Yes
Licenses & charters	OCC national trust bank charter (US), NYDFS limited purpose trust charter (US), FinCEN MSB registration and state MTLs (US), SEC broker-dealer registration (US), BaFin MiCA CASP authorization (Germany), VQF SRO membership under FINMA oversight (Switzerland), VARA custody license (Dubai, UAE), VARA broker-dealer license (Dubai, UAE), MAS Major Payment Institution license (Singapore), FINTRAC foreign MSB registration (Canada)	Not disclosed
MPC	Yes	Yes
Cold storage	Yes	Yes
Qualified custodian	Yes	Not disclosed
Company
Founded	2013	—
Headquarters	United States	—
Investors	Valor Equity Partners, Redpoint Ventures, Public, Galaxy Digital +1	Not disclosed
Strengths and weaknesses
Pros	Up to $250M insurance from a Lloyd's and European market syndicate where BitGo holds all keys Qualified custody fully backed by cold storage, with over 95% of client assets held cold at the end of 2025 Licensed by the OCC, NYDFS, BaFin under MiCA, Dubai's VARA and Singapore's MAS Over 1,770 supported assets as of December 31, 2025	SOC 1 Type II and SOC 2 Type II reports, per BIT Choice of full custody or MPC self-custody with Cactus's key share in an SGX enclave Oasis off-exchange settlement with Bitget, Bybit and KuCoin 98% of assets in air-gapped cold vaults in Switzerland, Hong Kong and Singapore, per BIT
Cons	Material weaknesses in internal control over financial reporting disclosed in its FY2025 10-K Securities class action filed in June 2026, and the Galaxy Digital suit was awaiting a ruling as of August 2026 COO left in October 2026 and the CFO is transitioning out Insurance excludes hot wallets and setups where clients hold keys	Licenses come from Hong Kong's TCSP regime, Bhutan's GFSO and Swiss self-regulation, with no SFC license or US trust charter OneDegree insurance had not yet been extended to the Swiss entity at its September 2026 launch Custody sits in the same group as BIT's OTC trading, lending and asset management businesses
Best for	Funds and ETF issuers needing a long asset list and published insurance, Global firms that want licensed entities in the US, EU, Dubai and Singapore, Exchanges and fintechs building wallets on an API	Asia-based funds and family offices that want custody linked to OTC and lending, Bitcoin miners sending mined BTC straight into custody, Trading firms settling off-exchange with Bitget, Bybit or KuCoin

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.

More comparisons