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Coinbase Prime vs Utila

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

Coinbase Prime4.1/5
VS
Utila3.7/5
Feature
Coinbase PrimeVisit
UtilaVisit
Ratings
Our score4.1/53.7/5
User ratingNo reviews yetNo reviews yet
Security4.04.0
Compliance4.02.5
Asset support4.04.0
Features4.54.5
Support4.04.0
Specs
Custody modelNot disclosedMPC, Self-custody software
ClientsNot disclosedInstitutions, Funds, Corporates
Regulated YesNot disclosed
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)Not disclosed
MPCNot disclosed Yes
Cold storage YesNot disclosed
Qualified custodian Yes No
Company
Founded20122022
HeadquartersUnited 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
  • Published Starter plan at $799 per month with all chains included
  • Two-party MPC with offline recovery controlled by the client's administrator
  • 41 mainnets plus custom EVM networks
  • Utila Link counterparty network and licensed partners for MiCA and US coverage
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
  • No license or charter of its own
  • Utila's key share takes part in every signature
  • SOC 2 Type II and audit claims are self-published
  • Short operating history since its 2022 founding
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 FIXFintechs and PSPs running stablecoin payments, Trading firms that need automated MPC signing through an API, Stablecoin and token issuers managing treasury wallets

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.