BitGo vs Cobo

BitGo4.5/5

VS

Cobo3.6/5

Feature	BitGoVisit	CoboVisit
Ratings
Our score	4.5/5	3.6/5
User rating	No reviews yet	No reviews yet
Security	4.5	3.5
Compliance	4.5	2.5
Asset support	4.5	4.5
Features	4.5	4.5
Support	4.5	3.5
Specs
KYC required	Yes	Yes
Custody model	Qualified custodian, Multi-sig, MPC, HSM, Self-custody software	MPC, HSM, Self-custody software
Clients	Institutions, Funds, Corporates, High-net-worth, Retail	Institutions, Funds, Corporates
Regulated	Yes	Not disclosed
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)	Not disclosed
Assets supported	1,770	3,000
Staking	Yes	Yes
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	2017
Headquarters	United States	Singapore
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	Published Starter and Standard plans at $299 and $999 a month, with no cap on assets under custody More than 3,000 tokens across 80+ chains through one WaaS 2.0 API Custodial keys protected by HSMs and Intel SGX, with about 95% of funds in cold wallets MPC wallets in which no single party, Cobo included, holds a complete key
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	The custody license Cobo cites is a Hong Kong TCSP license; Singapore and Middle East licensing was still in progress in November 2025 Custodial wallets and 24/7 support require the custom-priced Enterprise plan Custodial wallets cover fewer assets, 70+ chains and 2,000+ tokens, than the headline figures
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	Exchanges and brokers that need custodial and MPC wallets behind one API, Payment and fintech companies building wallets for their own customers, Trading firms that want off-exchange settlement through SuperLoop

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