BitGo vs Crypto Finance

BitGo4.5/5

VS

Crypto Finance4.0/5

Feature	BitGoVisit	Crypto FinanceVisit
Ratings
Our score	4.5/5	4.0/5
User rating	No reviews yet	No reviews yet
Security	4.5	3.5
Compliance	4.5	4.5
Asset support	4.5	3.5
Features	4.5	4.5
Support	4.5	4.0
Specs
KYC required	Yes	Not disclosed
Custody model	Qualified custodian, Multi-sig, MPC, HSM, Self-custody software	Qualified custodian, HSM, Self-custody software
Clients	Institutions, Funds, Corporates, High-net-worth, Retail	Institutions, Funds
Regulated	Yes	Yes
SOC 2 report	Yes	Not disclosed
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	Not disclosed
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)	FINMA securities firm license (Switzerland), BaFin crypto custody license (Germany), MiCA CASP authorization (Germany)
MPC	Yes	Not disclosed
Cold storage	Yes	Not disclosed
Qualified custodian	Yes	Yes
Company
Founded	2013	2017
Headquarters	United States	Switzerland
Investors	Valor Equity Partners, Redpoint Ventures, Public, Galaxy Digital +1	Deutsche Börse Group
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	Majority-owned by Deutsche Börse, with crypto custody available through existing Clearstream accounts FINMA securities firm in Zurich plus BaFin licenses and a MiCA authorization passported to 14 EEA countries FIPS 140-2 Level 3 HSMs hosted in geo-redundant Swiss data centers Staking for ETH, SOL, ADA and DOT alongside 24/7 principal trading
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	Insurance is described only as coverage that follows market standards SOC 2 Type II claim covers the storage infrastructure, and SOC 1 is cited at Type 1 level Institutional client base only; individuals reach it through partner banks such as KBC
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	European banks adding crypto custody under FINMA or BaFin supervision, Clearstream clients that want crypto in existing accounts, ETP issuers that need a SIX-approved custodian

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