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Cactus Custody vs Coinbase Prime

How Cactus Custody vs Coinbase Prime compare on our ratings, custodian specs, funding, pros and cons.

Cactus Custody3.5/5
VS
Coinbase Prime4.1/5
Feature
Cactus CustodyVisit
Coinbase PrimeVisit
Ratings
Our score3.5/54.1/5
User ratingNo reviews yetNo reviews yet
Security3.54.0
Compliance3.04.0
Asset support3.04.0
Features4.04.5
Support4.04.0
Specs
ClientsInstitutions, Funds, Corporates, High-net-worthNot disclosed
Regulated Yes Yes
SOC 2 report Yes Yes
InsuranceOneDegree policy covering the Hong Kong and Bhutan custody entities; Swiss entity cover planned (Sep 2026)Up to $320M commercial crime policy (insurer syndicate), shared by all Coinbase customers
StakingNot disclosed Yes
API access Yes Yes
Licenses & chartersNot disclosedNYDFS limited purpose trust charter (US), NYDFS BitLicense (US), CSSF MiCA CASP authorization (Luxembourg)
MPC YesNot disclosed
Cold storage Yes Yes
Qualified custodianNot disclosed Yes
Company
Founded—2012
Headquarters—United States
InvestorsNot disclosedNot disclosed
Strengths and weaknesses
Pros
  • 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
  • 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
  • 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
  • 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 forAsia-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 KuCoinHedge 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

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.