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Coinbase Prime vs Copper

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

Coinbase Prime4.1/5
VS
Copper3.5/5
Feature
Coinbase PrimeVisit
CopperVisit
Ratings
Our score4.1/53.5/5
User ratingNo reviews yetNo reviews yet
Security4.04.0
Compliance4.02.5
Asset support4.04.0
Features4.54.5
Support4.03.0
Specs
ClientsNot disclosedInstitutions, Funds
Regulated Yes Yes
SOC 2 report Yes Yes
InsuranceUp to $320M commercial crime policy (insurer syndicate), shared by all Coinbase customers$500M specie market insurance placed in the Lloyd's of London market via Aon, plus a crypto crime policy
Assets supportedNot disclosed500
Staking Yes Yes
API access Yes Yes
Licenses & chartersNYDFS limited purpose trust charter (US), NYDFS BitLicense (US), CSSF MiCA CASP authorization (Luxembourg)SEC broker-dealer registration, FINRA member (US), VQF SRO financial intermediary registration (Switzerland)
MPCNot disclosed Yes
Cold storage Yes Yes
Qualified custodian YesNot disclosed
Company
Founded20122018
HeadquartersUnited States—
InvestorsNot disclosedNot disclosed
Strengths and weaknesses
Pros
  • 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
  • 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
  • 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
  • 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  • Liechtenstein registration waived and ADGM permissions withdrawn in September 2026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 forHedge 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 FIXTrading 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.