Coinbase Prime vs Fireblocks

Coinbase Prime4.1/5

VS

Fireblocks4.3/5

Feature	Coinbase PrimeVisit	FireblocksVisit
Ratings
Our score	4.1/5	4.3/5
User rating	No reviews yet	No reviews yet
Security	4.0	4.0
Compliance	4.0	4.0
Asset support	4.0	5.0
Features	4.5	4.5
Support	4.0	4.0
Specs
Custody model	Not disclosed	Qualified custodian, MPC, HSM, Self-custody software
Clients	Not disclosed	Institutions, Funds, Corporates
Regulated	Yes	Yes
SOC 2 report	Yes	Yes
Insurance	Up to $320M commercial crime policy (insurer syndicate), shared by all Coinbase customers	Not disclosed
Staking	Yes	Yes
API access	Yes	Yes
Licenses & charters	NYDFS limited purpose trust charter (US), NYDFS BitLicense (US), CSSF MiCA CASP authorization (Luxembourg)	NYDFS limited purpose trust charter (US), FinCEN MSB registration (US), State money transmitter licenses in 37 states and DC (US)
MPC	Not disclosed	Yes
Cold storage	Yes	Yes
Qualified custodian	Yes	Yes
Company
Founded	2012	—
Headquarters	United States	United States
Investors	Not disclosed	D1 Capital Partners, Spark Capital
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	Qualified custody through NYDFS-chartered Fireblocks Trust alongside self-custody software Thousands of assets across more than 200 blockchains SOC 2 Type 2 with zero material findings, plus ISO 27001 and CCSS QSP Level 3 Air-gapped MPC cold wallet and an HSM option (KeyLink) for banks
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	Key-loss claims from StakeHound and the Celsius plan administrator Licenses are US-only, with no MiCA or other non-US authorization listed Custom plans start at $36,000 a year
Best for	Hedge 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	Exchanges and payment companies building in-house custody, Funds and RIAs that need a New York qualified custodian, Fintechs launching embedded or white-label wallets

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