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Coinbase Prime vs Taurus

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

Coinbase Prime4.1/5
VS
Taurus4.0/5
Feature
Coinbase PrimeVisit
TaurusVisit
Ratings
Our score4.1/54.0/5
User ratingNo reviews yetNo reviews yet
Security4.04.0
Compliance4.03.5
Asset support4.04.0
Features4.54.5
Support4.04.0
Specs
Custody modelNot disclosedHSM, MPC, Self-custody software
ClientsNot disclosedInstitutions, Corporates
Regulated Yes Yes
SOC 2 report YesNot disclosed
InsuranceUp to $320M commercial crime policy (insurer syndicate), shared by all Coinbase customersNot disclosed
Staking Yes Yes
API access Yes Yes
Licenses & chartersNYDFS limited purpose trust charter (US), NYDFS BitLicense (US), CSSF MiCA CASP authorization (Luxembourg)FINMA securities firm license (Switzerland), CySEC MiFID investment firm license (Cyprus)
MPCNot disclosed Yes
Cold storage Yes Yes
Qualified custodian YesNot disclosed
Company
Founded20122018
HeadquartersUnited StatesSwitzerland
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
  • Client banks keep keys in FIPS 140-2 Level 3 HSMs they own and operate
  • Fully on-premises, hybrid or managed deployment
  • Deloitte ISAE 3402 Type II audit for a fourth straight year (May 2025) plus ISO/IEC 27001
  • Clients can review the source code, and Taurus commissions at least 10 external security tests a year
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
  • PROTECT clients act as their own custodian and carry key operations and regulatory duties
  • MiCA license still pending, and the CySEC license dates only from March 2026
  • Security page lists no SOC 2 report
  • Taurus SA holds a securities firm license rather than a bank license
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 FIXBanks building in-house crypto custody, Broker-dealers and neobanks adding digital assets, Market infrastructure firms issuing tokenized securities

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.