BitGo vs Copper

BitGo4.5/5

VS

Copper3.5/5

Feature	BitGoVisit	CopperVisit
Ratings
Our score	4.5/5	3.5/5
User rating	No reviews yet	No reviews yet
Security	4.5	4.0
Compliance	4.5	2.5
Asset support	4.5	4.0
Features	4.5	4.5
Support	4.5	3.0
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
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)	$500M specie market insurance placed in the Lloyd's of London market via Aon, plus a crypto crime policy
Assets supported	1,770	500
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)	SEC broker-dealer registration, FINRA member (US), VQF SRO financial intermediary registration (Switzerland)
MPC	Yes	Yes
Cold storage	Yes	Yes
Qualified custodian	Yes	Not disclosed
Company
Founded	2013	2018
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	ClearLoop off-exchange settlement links custody to exchanges including OKX, Coinbase, Bybit and Deribit 2-of-3 MPC vaults with a third-party shard holder and segregated, off-balance-sheet wallets $500M of specie insurance placed at Lloyd's of London through Aon, plus a crypto crime policy Custody for 500+ assets on 40+ blockchains and staking on 20 networks
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	Swiss contracting entity holds a VQF registration but no FINMA license Liechtenstein registration waived and ADGM permissions withdrawn in September 2026 Company has sought a buyer since at least May 2026, and the CEO changed in September US qualified custody rests on a broker-dealer approved only in August 2026
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	Trading firms that keep collateral in custody while trading on centralized exchanges, Hedge funds running derivatives positions on Deribit, OKX or Bybit, Institutions staking across many proof-of-stake networks

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