Coinbase Prime vs Gemini Custody

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

Feature	Coinbase Prime Visit	Gemini Custody Visit
Ratings
Our score	4.1/5	3.8/5
User rating	No reviews yet	No reviews yet
Security	4.0	4.0
Compliance	4.0	4.0
Asset support	4.0	3.0
Features	4.5	4.0
Support	4.0	3.5
Specs
Custody model	Not disclosed	Qualified custodian, MPC, Multi-sig, HSM
Clients	Not disclosed	Institutions, Funds, Corporates, High-net-worth
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), Nevada foreign independent trust company license (US), State money transmitter licenses (US), MAS Major Payment Institution license (Singapore)
MPC	Not disclosed	Yes
Cold storage	Yes	Yes
Qualified custodian	Yes	Yes
Company
Founded	2012	2014
Headquarters	United States	US
Investors	Not disclosed	Not 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	Gemini Trust Company is a New York limited purpose trust company and qualified custodian under New York Banking Law Deloitte SOC 1 Type 2 and SOC 2 Type 2 examinations every year since 2019, plus ISO/IEC 27001:2022 Posted fees: 0.40% a year or $30 per asset per month, no minimum balance and no setup fee Opt-in SOL staking from segregated cold storage wallets with a validator of the client's choice
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	Insurance totals $125 million, dated March 1, 2024, with $25 million for the hot wallet Q2 2026 custodial fee revenue fell to $0.6 million amid institutional custody net outflows UK, EU and Australian operations were wound down in 2026
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	US ETF issuers and asset managers that need a New York trust company custodian, Corporate treasuries and high-net-worth clients staking SOL from cold storage, Funds whose auditors ask for SOC 1 Type 2 and SOC 2 Type 2 reports

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.