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Coinbase Prime vs Fidelity Digital Assets

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

Coinbase Prime4.1/5
VS
Fidelity Digital Assets3.5/5
Feature
Coinbase PrimeVisit
Fidelity Digital AssetsVisit
Ratings
Our score4.1/53.5/5
User ratingNo reviews yetNo reviews yet
Security4.04.0
Compliance4.04.5
Asset support4.02.0
Features4.53.0
Support4.03.5
Specs
Custody modelNot disclosedQualified custodian
ClientsNot disclosedInstitutions, Funds, Corporates, High-net-worth, Retail
Regulated Yes Yes
SOC 2 report Yes Yes
InsuranceUp to $320M commercial crime policy (insurer syndicate), shared by all Coinbase customersNot disclosed
Staking YesNot disclosed
API access YesNot disclosed
Licenses & chartersNYDFS limited purpose trust charter (US), NYDFS BitLicense (US), CSSF MiCA CASP authorization (Luxembourg)OCC national trust bank charter (US), FCA MLR cryptoasset registration (UK)
Cold storage Yes Yes
Qualified custodian YesNot disclosed
Company
Founded20122018
HeadquartersUnited StatesUnited 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
  • Custodian is a national trust bank subject to OCC supervision
  • Annual SOC 1 Type II and SOC 2 Type II audits
  • Targets more than 98% of assets in geographically distributed cold storage
  • Trades execute without assets leaving cold storage, with off-exchange settlement for hedge funds
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
  • Custody and execution listed only for bitcoin, ether and SOL
  • FBTC prospectus says custodian insurance benefits only the custodian
  • Fidelity's own Solana ETF uses outside custodians to hold and stake SOL
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 FIXRIAs and wealth managers adding bitcoin or ether to client portfolios, Pensions, endowments and corporate treasurers that require a bank-chartered custodian, Hedge funds that want off-exchange settlement while assets stay in cold storage

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.