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Cobo vs Coinbase Prime

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

Cobo3.6/5
VS
Coinbase Prime4.1/5
Feature
CoboVisit
Coinbase PrimeVisit
Ratings
Our score3.6/54.1/5
User ratingNo reviews yetNo reviews yet
Security3.54.0
Compliance2.54.0
Asset support4.54.0
Features4.54.5
Support3.54.0
Specs
KYC required YesNot disclosed
Custody modelMPC, HSM, Self-custody softwareNot disclosed
ClientsInstitutions, Funds, CorporatesNot disclosed
RegulatedNot disclosed Yes
SOC 2 report Yes Yes
InsuranceNot disclosedUp to $320M commercial crime policy (insurer syndicate), shared by all Coinbase customers
Assets supported3,000Not disclosed
Staking Yes 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
Founded20172012
HeadquartersSingaporeUnited States
InvestorsNot disclosedNot disclosed
Strengths and weaknesses
Pros
  • 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
  • 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
  • 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
  • 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 forExchanges 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 SuperLoopHedge 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.