Copper vs Fireblocks

Copper3.5/5

VS

Fireblocks4.3/5

Feature	CopperVisit	FireblocksVisit
Ratings
Our score	3.5/5	4.3/5
User rating	No reviews yet	No reviews yet
Security	4.0	4.0
Compliance	2.5	4.0
Asset support	4.0	5.0
Features	4.5	4.5
Support	3.0	4.0
Specs
Custody model	Not disclosed	Qualified custodian, MPC, HSM, Self-custody software
Clients	Institutions, Funds	Institutions, Funds, Corporates
Regulated	Yes	Yes
SOC 2 report	Yes	Yes
Insurance	$500M specie market insurance placed in the Lloyd's of London market via Aon, plus a crypto crime policy	Not disclosed
Assets supported	500	Not disclosed
Staking	Yes	Yes
API access	Yes	Yes
Licenses & charters	SEC broker-dealer registration, FINRA member (US), VQF SRO financial intermediary registration (Switzerland)	NYDFS limited purpose trust charter (US), FinCEN MSB registration (US), State money transmitter licenses in 37 states and DC (US)
MPC	Yes	Yes
Cold storage	Yes	Yes
Qualified custodian	Not disclosed	Yes
Company
Founded	2018	—
Headquarters	—	United States
Investors	Not disclosed	D1 Capital Partners, Spark Capital
Strengths and weaknesses
Pros	ClearLoop off-exchange settlement links custody to exchanges including OKX, Coinbase, Bybit and Deribit 2-of-3 MPC vaults with a third-party shard holder and segregated, off-balance-sheet wallets $500M of specie insurance placed at Lloyd's of London through Aon, plus a crypto crime policy Custody for 500+ assets on 40+ blockchains and staking on 20 networks	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	Swiss contracting entity holds a VQF registration but no FINMA license Liechtenstein registration waived and ADGM permissions withdrawn in September 2026 Company has sought a buyer since at least May 2026, and the CEO changed in September US qualified custody rests on a broker-dealer approved only in August 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	Trading firms that keep collateral in custody while trading on centralized exchanges, Hedge funds running derivatives positions on Deribit, OKX or Bybit, Institutions staking across many proof-of-stake networks	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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