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Coinbase Prime vs Liminal Custody

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

Coinbase Prime4.1/5
VS
Liminal Custody3.0/5
Feature
Coinbase PrimeVisit
Liminal CustodyVisit
Ratings
Our score4.1/53.0/5
User ratingNo reviews yetNo reviews yet
Security4.02.5
Compliance4.02.0
Asset support4.03.5
Features4.54.0
Support4.03.5
Specs
KYC requiredNot disclosed Yes
Custody modelNot disclosedMPC, Multi-sig, HSM, Self-custody software
ClientsNot disclosedInstitutions, Funds, Corporates, High-net-worth
Regulated YesNot disclosed
SOC 2 report Yes Yes
InsuranceUp to $320M commercial crime policy (insurer syndicate), shared by all Coinbase customersNot disclosed
Assets supportedNot disclosed1,200
Staking Yes Yes
API access Yes Yes
Licenses & chartersNYDFS limited purpose trust charter (US), NYDFS BitLicense (US), CSSF MiCA CASP authorization (Luxembourg)Not disclosed
MPCNot disclosed Yes
Cold storage Yes Yes
Qualified custodian YesNot disclosed
Company
Founded20122021
HeadquartersUnited StatesSingapore
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
  • 1,200+ supported tokens across 20 documented chains
  • MPC and multisig wallets plus a Securosys-based HSM vault on one platform
  • SOC 2 Type II report and ISO/IEC 27001 and 27701 certifications
  • Staking from cold wallets through Figment-powered validators
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
  • ADGM custody permission withdrawn in March 2025, and the Dubai entity is absent from VARA's license register
  • Singapore custody entity is exempt under the Payment Services Act, not fully licensed
  • Only insurance on record is a 2022 $50M key-loss policy shared among clients
  • About $235M was stolen from a WazirX multisig wallet on the platform in 2024, with the two firms disputing the cause
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 FIXCrypto exchanges running their own hot, warm and cold wallets, OTC desks and fintechs that need wallet-as-a-service with policy controls, Banks testing hybrid MPC and HSM cold custody

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.