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Coinbase Custody

  • What it is:Coinbase Custody is a regulated Qualified Custodian and fiduciary under New York state banking law, providing institutional-grade secure storage for over 420 digital assets using cold storage and SOC 1/2 audited systems.
  • Best for:Crypto ETF issuers, Institutional ETH allocators, Coinbase Prime clients
  • Pricing:Starting from $0 – $10,000
  • Rating:92/100Excellent
  • Expert's conclusion:Institutional grade market leading crypto custody solutions for regulated entities that prioritize security, compliance and scalability above all else including decentralization.
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Reviewed byMaxim Manylov·Web3 Engineer & Serial Founder

What Is Coinbase Custody and What Does It Do?

Coinbase Global, Inc., is the largest U.S.-based cryptocurrency exchange and the world's largest bitcoin custodian. Coinbase provides a safe platform for trading, storing, and utilizing crypto assets. Coinbase has over 100 million users from over 100 countries. Through Coinbase Custody, the company offers institutional-grade custody solutions to its customers.

Active
📍San Francisco, CA
📅Founded 2012
🏢Public
TARGET SEGMENTS
Retail UsersInstitutionsHedge FundsFamily OfficesEndowments

What Are Coinbase Custody's Key Business Metrics?

👥
100M+
Users
📊
$516B (Oct 2025)
Assets Under Custody
📊
100+
Countries
🏢
4,200+
Employees
📊
12%
Bitcoin Market Share
📊
7% (Jun 2025)
AUC Market Share
Regulated By
NYDFS Limited Purpose Trust(New York, USA)Qualified Custodian(SEC, USA)SOC 1 & SOC 2 Audited(USA)

How Credible and Trustworthy Is Coinbase Custody?

92/100
Excellent

As a market leader Coinbase has unparalleled size, institutional-grade security, regulatory compliance as a qualified custodian, and a long history (over a decade) of serving institutions.

BREAKDOWN
Product Maturity95/100
Company Stability95/100
Security & Compliance98/100
User Reviews85/100
Transparency90/100
Support Quality88/100
TRUST SIGNALS
World's largest crypto custodian ($516B AUC)SEC Qualified Custodian statusNYDFS-regulated trust companySOC 1 & SOC 2 audited12% of all Bitcoin custodyFirst crypto custodian with NSA-endorsed CDS security12+ years institutional custody experience

What is the history of Coinbase Custody and its key milestones?

2012

Coinbase Founded

Coinbase was founded by Brian Armstrong and Fred Ehrsam, who started Coinbase as a Y Combinator startup, with a goal of creating a safe way for people to get into the crypto space.

2014

1M Users & Insurance

By the time Coinbase had reached 1 million users, they had secured their own bitcoin insurance and developed a vault-based storage system for users.

2015

$75M Funding

After raising $75 million in funding from investors including DFJ and the NYSE, Coinbase launched its Professional Exchange platform.

2018

Coinbase Custody Launched

To meet the requirements of the New York Department of Financial Services (NYDFS), Coinbase established Coinbase Custody Trust Company as a limited-purpose trust company in 2018.

2019

Xapo Acquisition

In 2018 Coinbase acquired the institutional custody business of Xapo. This acquisition helped Coinbase reach a total of $7 billion in Assets Under Custody (AUC) within its first year of operation.

2021

IPO

Coinbase Global began trading publicly after going public via a Direct Listing in April 2019.

2025

$516B AUC Milestone

Today, Coinbase holds approximately 12 percent of all the bitcoin that exists and currently has over $516 billion in assets under custody.

Who Are the Key Executives Behind Coinbase Custody?

Brian Armstrong— CEO & Co-founder
Brian Armstrong was an engineer at Airbnb before he founded Coinbase in 2012. Today, Armstrong is leading the overall strategy for the largest U.S. based cryptocurrency exchange and custodian.
Fred Ehrsam— Co-founder
Prior to joining Coinbase as a co-founder, Fred Ehrsam worked as a trader at Goldman Sachs. At Coinbase, Ehrsam has been instrumental in developing the institutional-grade products for the company.
Rachel Nelson— Head of Custody
As the lead of Coinbase Custody, Fred Wilson oversees the day-to-day operations of the institutional custody infrastructure offered by Coinbase Custody.

What Are the Key Features of Coinbase Custody?

✨
Qualified Custodian
According to the New York State Department of Financial Services (NYDFS), Coinbase Custody is a fiduciary custody provider due to its status as a recognized fiduciary under the limited purpose trust charter provided to Coinbase Custody Trust Company.
✨
Multi-Party Computation (MPC)
As part of its industry-leading Prime Vault offering, Coinbase utilizes a combination of on-chain wallets and off-chain wallets to provide each customer with a unique set of wallets. These wallets are designed to provide customers with the highest level of security possible.
✨
Cross Domain Solution (CDS)
Coinbase is the first and only cryptocurrency custodian to utilize physical security systems endorsed by the National Security Agency (NSA). These systems prevent unauthorized access to Coinbase’s assets.
✨
SOC 1 & SOC 2 Audited
Coinbase regularly undergoes third party audits to ensure the operational integrity of Coinbase, the security of Coinbase’s control environment, and the protection afforded to its assets.
✨
Global Institutional Coverage
A high touch team that serves hedge funds, family offices, and endowments across 100+ countries.
💬
Multi-Asset Support
Custody for Bitcoin, Ethereum staking assets, and 30+ major cryptocurrencies.
✨
99.9%+ Uptime SLA
Reliability of an institutional grade level to secure 12% of the total Bitcoin market capitalization.

What Technology Stack and Infrastructure Does Coinbase Custody Use?

Infrastructure

Proprietary secure facilities with physical air-gapped CDS systems

Technologies

Multi-Party Computation (MPC)Cold StorageCross Domain Solutions (CDS)

Integrations

Coinbase PrimeCoinbase ProOTC Trading DeskAPI Access

AI/ML Capabilities

Advanced cryptographic security with MPC wallet technology and institutional-grade infrastructure

Based on official Coinbase announcements and regulatory filings

What Are the Best Use Cases for Coinbase Custody?

Hedge Funds
The secure custody model meets regulatory requirements as a qualified custodian under the U.S. Securities and Exchange Commission (SEC) with segregated assets and full audit trail.
Family Offices
MPC wallet and insurance based institutional-grade security models protect multi-generational crypto wealth.
Endowments & Pensions
NYDFS regulations and SOC 2 compliance provide fiduciary-level protections for long-term holdings.
Proprietary Trading Desks
Seamless integration with Coinbase Prime trading allows for both execution and custody within a compliant ecosystem.
NOT FORRetail Investors
While designed for institutional minimums and compliance, this is not the best choice for the individual user due to consumer exchanges.
NOT FORHigh-Frequency Traders
The lack of micro-second execution venues in its custody focused service limits the ability to utilize HFT strategies.

How Much Does Coinbase Custody Cost and What Plans Are Available?

Pricing information with service tiers, costs, and details
☐Service$CostℹDetails🔗Source
Implementation Fee$0 – $10,000Depending on use-caseOfficial pricing page
Custody ServicesCustom quoteOngoing custody fees based on assets under custody, staking yields, and services required—
Staking ServicesProtocol-level rewardsETH staking from cold storage earning 3-4% yields, additional assets including Avalanche, Solana, etc.—
Implementation Fee$0 – $10,000
Depending on use-case
Official pricing page
Custody ServicesCustom quote
Ongoing custody fees based on assets under custody, staking yields, and services required
Staking ServicesProtocol-level rewards
ETH staking from cold storage earning 3-4% yields, additional assets including Avalanche, Solana, etc.

How Does Coinbase Custody Compare to Competitors?

FeatureCoinbase CustodyFidelity Digital AssetsAnchorage DigitalFireblocks
Core FunctionalityBTC/ETH + ~470 assetsBTC/ETHBTC/ETH + selected assetsBTC/ETH + multi-chain
ETH Staking from Cold StorageYes (3-4% yields)NoNoPartial (MPC-based)
Storage MethodSegregated cold storage + HSMSegregated cold storage + HSMCold-first + HSMMPC hot/warm/cold
NYDFS Trust CharterYesNoYesNo
Insurance Coverage$100M+ commercial crimeFidelity-arrangedInstitutional programsWorkflow-specific
Starting PriceImplementation $0-10KCustomCustomCustom
Free TierNoNoNoNo
API AvailabilityYes (Coinbase Prime integration)YesYesYes
SOC 2 CertificationType IIType IIYesYes
Trading IntegrationCoinbase Prime/OTCLimitedLimitedLimited
Core Functionality
Coinbase CustodyBTC/ETH + ~470 assets
Fidelity Digital AssetsBTC/ETH
Anchorage DigitalBTC/ETH + selected assets
FireblocksBTC/ETH + multi-chain
ETH Staking from Cold Storage
Coinbase CustodyYes (3-4% yields)
Fidelity Digital AssetsNo
Anchorage DigitalNo
FireblocksPartial (MPC-based)
Storage Method
Coinbase CustodySegregated cold storage + HSM
Fidelity Digital AssetsSegregated cold storage + HSM
Anchorage DigitalCold-first + HSM
FireblocksMPC hot/warm/cold
NYDFS Trust Charter
Coinbase CustodyYes
Fidelity Digital AssetsNo
Anchorage DigitalYes
FireblocksNo
Insurance Coverage
Coinbase Custody$100M+ commercial crime
Fidelity Digital AssetsFidelity-arranged
Anchorage DigitalInstitutional programs
FireblocksWorkflow-specific
Starting Price
Coinbase CustodyImplementation $0-10K
Fidelity Digital AssetsCustom
Anchorage DigitalCustom
FireblocksCustom
Free Tier
Coinbase CustodyNo
Fidelity Digital AssetsNo
Anchorage DigitalNo
FireblocksNo
API Availability
Coinbase CustodyYes (Coinbase Prime integration)
Fidelity Digital AssetsYes
Anchorage DigitalYes
FireblocksYes
SOC 2 Certification
Coinbase CustodyType II
Fidelity Digital AssetsType II
Anchorage DigitalYes
FireblocksYes
Trading Integration
Coinbase CustodyCoinbase Prime/OTC
Fidelity Digital AssetsLimited
Anchorage DigitalLimited
FireblocksLimited

How Does Coinbase Custody Compare to Competitors?

vs Fidelity Digital Assets

Coinbase provides a greater breadth of supported assets (approximately ~470) and native ETH staking from cold storage compared to Fidelity.

Coinbase is ideal for those seeking to manage their diversified crypto portfolios with staking, and Fidelity is ideal for those who wish to make conservative allocations in the form of BTC/ETH.

vs Anchorage Digital

Both Coinbase and Fidelity are NYDFS charted but Coinbase has superior ETH staking integration and Coinbase ecosystem connectivity. Anchorage places an emphasis on governance controls but has a narrower scope of assets covered.

In terms of operational efficiency and yield generation, Coinbase is leading the way.

vs Fireblocks

The Fireblocks MPC technology enables more flexible wallet configurations than Coinbase but it does not have the same level of NYDFS trust structure or cold storage staking capability. Additionally, Coinbase is prioritizing institutional compliance over the operational flexibility of Fireblocks.

Fireblocks is ideal for managing treasury operations, and Coinbase is ideal for regulated custody.

vs BitGo

BitGo focuses solely on providing multi-signature custody services while Coinbase provides custody and also has the Prime trading and staking ecosystem. However, the market that BitGo serves is very similar to the market that Coinbase serves however Coinbase is currently dominating the ETF custody market share.

Coinbase is being used for ETF/prime integration and Bitgo is being used for multi sig cold storage only.

What are the strengths and limitations of Coinbase Custody?

Pros

  • Using native eth to stake from cold storage - 3-4 percent yields without security risks.
  • NYDFS regulated trust structure - provides institutions with bankruptcy remote protection.
  • Supports a broad array of assets - approximately 470 assets including many major staking protocols.
  • Seamlessly integrates prime - allows users to trade, complete OTC trades and store their assets in one unified system.
  • Dominant provider of etf custody - has an estimated 80+ percent market share which demonstrates the level of institutional trust in this company.
  • Is SOC 2 type II audited - is compliant with both the fiduciary obligations of an auditor as well as the standards of a SOC 2 type II audit.
  • Has over $100 million in insurance coverage - has a commercial crime policy that covers losses resulting from theft of their btc/eth holdings.

Cons

  • Uses opaque pricing - will charge a user $0-$10k per implementation depending on the number of implementations they need and will also charge them an undisclosed amount to store their assets in custody.
  • Does not provide transparent pricing - will only quote a user a price for its service if they are willing to pay for it.
  • Can be a cost barrier for implementation - can be difficult for some institutions to afford the $10k maximum that is allowed for each implementation.
  • Dependent upon the use of Coinbase's prime product - the best possible experience and value will result when using Coinbase's prime product in conjunction with its other services.
  • Experienced a large scale data breach in May of 2025 - a data breach of this magnitude raises serious concerns among institutions about the potential risks associated with using the services of this company.
  • Criticized for charging high fees - has been criticized by many as having higher fees than companies such as kraken/gemini who offer base tier accounts that do not include additional features or services.
  • US centric regulatory environment - the nydfs charter may limit the ability of the company to offer services internationally to institutions that have regulatory restrictions.

Who Is Coinbase Custody Best For?

Best For

  • Crypto ETF issuers — Proves reliability at scale through 80+ percent market share - the fact that this company has achieved such a high level of success in terms of providing regulated products to institutions at scale demonstrates its ability to successfully meet the needs of its clients.
  • Institutional ETH allocators — Generates 3-4 percent yields for customers who use cold storage staking - is able to generate 3-4 percent yields for its customers who participate in cold storage staking while still meeting the legal and regulatory requirements of its business model.
  • Coinbase Prime clients — Provides seamless integration - is able to integrate seamlessly into its customer's existing systems and processes thereby increasing the operational efficiency of its customers.
  • Fiduciary-grade governance with SOC 2 audits and bankruptcy protection
  • Multi-asset crypto funds — Supports approximately 470 different types of assets - supports a wide variety of assets including many of the most popular staking protocols.

Not Suitable For

  • Cost-sensitive institutions — Pricing and implementation costs may be opaque - the pricing and implementation costs of the services offered by this company may be opaque to its customers and may prevent budget conscious allocators from using its services. Consider fireblocks or self custody.
  • Pure BTC treasury operations — The focus of this company is primarily on eth staking and may be less relevant to you if your primary interest is in btcc. Consider fidelity digital assets for btcc only.
  • Non-US regulated entities — The NYDFS structure is designed to maximize compliance with US regulations - the NYDFS structure is designed to enable this company to maximize its compliance with us regulations. However, if you are looking for a global custodian that offers greater flexibility consider zodia.
  • Active DeFi protocols — Custody provided by this company is not compatible with the interaction between smart contracts and financial instruments. If you are interested in interacting with smart contracts and financial instruments consider using a mpc solution such as fireblocks.

Are There Usage Limits or Geographic Restrictions for Coinbase Custody?

Implementation Fee
$0 – $10,000 depending on use-case
Asset Coverage
~470 assets supported, jurisdiction-dependent
Staking Assets
Avalanche, Cardano, Cosmos, ETH, Solana + others. Protocol minimums apply.
Regulatory Structure
NYDFS trust charter - US institutional focus
Insurance Coverage
$100M+ commercial crime policy - BTC/ETH specific
Compliance Certifications
SOC 1 / SOC 2 Type II reports available
Minimum Engagement
Institutional clients only - custom onboarding required

Is Coinbase Custody Secure and Compliant?

NYDFS Trust CharterRegulated trust company with bankruptcy-remote asset protection
SOC 1 / SOC 2 Type IIIndependent audits covering key custody operations
Segregated Cold StorageHSM and multi-signature controls for institutional assets
Commercial Crime Insurance$100M+ coverage specifically covering Bitcoin and Ethereum holdings
ETH Staking SecurityNative staking directly from segregated cold storage without hot wallet exposure
Fiduciary GovernanceControls suitable for endowments, pensions, and regulated funds
Coinbase Prime IntegrationSecure connectivity between custody, trading, and staking services
ETF Custody Provenance80%+ market share validates security at institutional scale

What Customer Support Options Does Coinbase Custody Offer?

Channels
+1 888-908-7930Available via help.coinbase.comVia contact form at help.coinbase.com/en/contact-us24/7 self-service at help.coinbase.comOfficial channels for support
Hours
24/7 availability claimed for support channels
Response Time
Fastest via live chat or phone for urgent issues; expect delays due to high volume
Satisfaction
Mixed reviews; high volume leads to delays
Specialized
Institutional/Custody clients have dedicated support paths
Business Tier
Priority handling for enterprise/institutional accounts
Support Limitations
•High inquiry volume causes response delays
•Specific Coinbase Custody issues may require institutional contact
•Sign-in often required to access full support

What APIs and Integrations Does Coinbase Custody Support?

API Type
REST API via Coinbase Developer Platform
Authentication
API keys, OAuth 2.0, JWT for institutional access
Webhooks
Supported for account alerts, transactions, and custody events
SDKs
Official SDKs for Python, Node.js, Ruby; community libraries available
Documentation
Comprehensive developer docs at developers.coinbase.com
Sandbox
Testnet/sandbox environment available for custody API testing
SLA
99.99% uptime for custody infrastructure; enterprise SLAs available
Rate Limits
Tiered limits: 10-100 requests/second based on account tier
Use Cases
Deposit/withdrawal management, portfolio reporting, staking via custody APIs

What Are Common Questions About Coinbase Custody?

Coinbase Custody is an institutional custody product that has been licensed as a Qualified Custodian by New York State Department of Financial Services (NYDFS), and is a regulated entity within the United States. The custodial service is designed to provide secure, compliant, and institutional grade custody solutions for digital assets for fund administrators, exchanges, institutional investors and large family offices.

Coinbase Custody is a separate, regulated entity, which is also separately licensed as a Qualified Custodian by NYDFS as part of its BitLicense regulations. The primary user base of Coinbase is retail customers, whereas Coinbase Custody primarily serves institutional customers, offering a range of institutional-grade features such as staking, off-exchange settlements and dedicated support.

Yes, Coinbase Custody utilizes institutional grade security measures, including but not limited to cold storage, Hardware Security Modules, 1:1 asset backing, and is fully insured against loss or theft. In addition to being fully insured, Coinbase Custody meets all regulatory requirements set forth by NYDFS as well as being SOC 1/2 certified. Furthermore, Coinbase Custody ensures that any assets deposited into a client’s account are never utilized for lending purposes without explicit permission from the client.

Pricing for Coinbase Custody is tailored to each institutional client, taking into consideration the size of their assets under management (AUM) as well as the services they wish to utilize. As such, there is no publicly disclosed pricing model for Coinbase Custody and interested parties will need to make direct contact with a sales representative at Coinbase. Once contacted, pricing will be provided and may include fees associated with custody of assets, fees related to transactions conducted through Coinbase Custody, and premium services such as staking reward distributions.

Yes, Coinbase Custody offers full API access to enable clients to create custom interfaces for interacting with the custodial service, enabling them to manage their own portfolios, conduct deposits and withdrawals, view reports and perform a variety of other tasks. Additionally, Coinbase Custody supports staking APIs as well as custom integration options and offers sandbox environments for testing prior to deployment.

Institutional clients of Coinbase Custody are assigned dedicated account managers as well as receive priority support. Support can be obtained either through the online portal located at help.coinbase.com or through direct telephone communication. Coinbase Custody also conducts 24/7 monitoring of its underlying infrastructure and maintains enterprise Service Level Agreements (SLAs).

Yes, Coinbase Custody currently supports staking for Ethereum 2 (ETH2), Solana (SOL) and other staking-eligible assets. Institutional clients can earn staking rewards while retaining custody control over the assets being staked. Additionally, staking is fully integrated with the Coinbase Custody platform.

There is no minimum amount of assets under management required for institutional clients to qualify for Coinbase Custody. However, Coinbase does require that a minimum of $10 million in assets under management be maintained in order for a potential institutional client to be considered for qualification. Each prospective institutional client will be subject to a custom onboarding process that will involve completion of Know Your Customer (KYC) and Anti-Money Laundering (AML) due diligence. Additionally, some jurisdictions may restrict participation in Coinbase Custody.

Is Coinbase Custody Worth It?

Coinbase Custody is a custodial solution designed to meet the needs of institutional customers (funds, etc.) by providing NYDFS qualified custody along with high levels of security and regulatory compliance. It is an ideal option for those that require scalable, secure, and compliant digital asset storage, staking, and on-chain services. They have a proven history of securing $200 Billion + in total assets under management.

Recommended For

  • Institutional investors or funds with $10 Million + in digital assets.
  • Exchanges that need to provide an off-exchange settlement solution for their clients.
  • Regulated entities that require NYDFS qualified custody.
  • DeFi protocols and/or DAOs looking for enterprise-grade custody options.

!
Use With Caution

  • Entities that are required to obtain multi-jurisdictional licenses outside of NYDFS.
  • High frequency traders that require sub second settlement capabilities.
  • Smaller funds that have restrictions due to AUM (assets under management) requirements.

Not Recommended For

  • Retail investors -- use regular Coinbase platform.
  • Budget constrained start-ups -- self-custody is less expensive when you are dealing with small AUM.
  • Those who believe in decentralized solutions and do not want to use a centralized custodian.
Expert's Conclusion

Institutional grade market leading crypto custody solutions for regulated entities that prioritize security, compliance and scalability above all else including decentralization.

Best For
Institutional investors or funds with $10 Million + in digital assets.Exchanges that need to provide an off-exchange settlement solution for their clients.Regulated entities that require NYDFS qualified custody.

What do expert reviews and research say about Coinbase Custody?

Key Findings

Coinbase Custody Trust Company, LLC is the NYDFS regulated qualified custodian that provides institutional grade security, API integration and staking support. They serve major funds and exchanges with $200 Billion + in total assets under management. They are a separate entity from retail Coinbase with their own dedicated institutional support and compliance framework.

Data Quality

Good - official Coinbase documentation and regulatory filings comprehensive. Limited public pricing details require sales contact. Custody-specific API details confirmed via developer platform.

Risk Factors

!
The centralized custody model has counter-party risk.
!
Changes in regulations can impact their ability to operate.
!
Their US-centric license limitations them from servicing international clients in certain jurisdictions.
!
The premium price point they charge is only suitable for large institutions.
Last updated: January 2026

What Additional Information Is Available for Coinbase Custody?

Regulatory Status

Coinbase Custody Trust Company, LLC holds the NYDFS BitLicense and is authorized to hold qualified custody. Additionally, they have obtained MTL licenses in 40+ other US jurisdictions. They also serve as the custodian for 90% of the top Bitcoin ETFs.

Institutional Clients

Has been responsible for managing the assets of Fidelity, Grayscale, BlackRock and the majority of all other major Crypto ETFS. Managed over $200B+ of Assets Under Management (AUM) for a variety of funds, exchanges and hedge funds. Has worked with over 200 institutional clients around the world.

Security Infrastructure

Stores its customers' coins in 98% cold storage; uses FIPS 140-2 compliant Hardware Security Modules (HSM); uses multi-party computation and has real-time risk management capabilities. Fireblocks has never experienced an attack or hack. Has both SOC 1 Type II and SOC 2 Type II certification and has $320 million in insurance coverage.

On-Chain Services

Provides integrated staking infrastructure for ETH, SOL, ATOM and many other blockchains. Fireblocks provides off-exchange settlement which minimizes counterparty risk and protects against MEV attacks. Also offers institutional grade RPC endpoints for clients.

Recent Developments

Added support for institutional investors that have access to tokenized treasury and RWA custody; also launched Fireblocks Custody for the Coinbase ETFs; expanded distribution of staking rewards to 15+ networks.

What Are the Best Alternatives to Coinbase Custody?

  • •
    Fireblocks: Fireblocks is launching a enterprise-grade MPC wallet platform that includes features for custody, trading, and DeFi connectivity. This product eliminates single points of failure due to multi-party computation. Best option for large institutions that require control of their own wallet while having the additional features associated with an institutional custody provider. (fireblocks.com)
  • •
    BitGo: BitGo is a regulated Qualified Custodian that provides cold storage and multi-signature wallets. They have a robust compliance framework as well as insurance. Is a good option for firms looking for a SOC 2 certified custody solution outside of the Coinbase ecosystem. (bitgo.com)
  • •
    Copper: Copper is an institutional custody solution that provides ClearLoop off-exchange settlement. They are very strong in Europe with FCA regulation. Best option for international institutions looking to avoid U.S. centric providers. (copper.co)
  • •
    Anchorage Digital: Anchorage is a federally chartered Crypto Bank that offers qualified custody solutions for digital assets. Anchorage also provides unique smart contract services and private key sharding. Best option for regulated institutions looking to benefit from the bank charter benefits. (anchorage.com)
  • •
    Kraken Custody: Kraken's institutional custody solution allows institutions to store their cryptocurrency on the Kraken exchange. Kraken has a proven track record of being secure, competitive pricing options, and they provide staking support. Best option for clients who currently use the Kraken ecosystem. (kraken.com/custody)

What Custody Security Standards Does Coinbase Custody Support?

SOC 1 Type IISOC 2 Type IIFIPS 140-2 Compliant HSMMulti-Party Computation (MPC)Cross Domain Solution (CDS)Cold StorageMulti-Signature ArchitectureHardware Security ModulesGeographic Key Distribution

What Custody Evaluation Pillars Does Coinbase Custody Offer?

Security Protocols & Technology

Fireblocks uses MPC cryptography, stores coins in CDS air-gapped cold storage, distributes key shares geographically, enforces strict segregation of duties and implements physical security controls.

Fee Transparency & SLAs

24/7/365 constant operation of a “always on” infrastructures for fast, high volume transactions; customizable Service Level Agreements (SLA) to meet institutional operating needs.

Supported Assets & Integration

More than 420 different assets across over 40 blockchain platforms. Institutional clients have access to Prime’s Onchain wallet in order to participate in DeFi (Decentralized Finance), stake tokens, vote for proposals in decentralized governance systems without needing to move their assets.

Regulatory Compliance & Licensing

Fiduciary under New York State Banking Law, Qualified Custodian, Know Your Customer (KYC), Sanctions Screening, Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Compliance, MiCA-Compliant Asset Segregation.

Operational Capabilities

Institutional clients can receive automated Risk Assessments, Transaction Integrity Checks, Customizable Security Controls, API Integration, Audit Trails through SOC Reports.

How Does Coinbase Custody's Compliance Requirements Matrix Compare?

Compliance AreaKey RequirementsEnforcement Focus
Anti-Money Laundering (AML)Know Your Customer (KYC) checks, transaction monitoring, suspicious activity reportingBank Secrecy Act compliance and MiCA safeguards
Asset SegregationSeparate customer assets from corporate assets, MiCA-compliant practices, beneficial ownership recordsInstitutional asset protection and regulatory audits
Travel RuleTransaction originator and beneficiary information disclosure via compliance programCross-border transaction monitoring
Sanctions ScreeningOFAC list verification, blocked party identification, automated screeningOffice of Foreign Assets Control requirements
Counter-Terrorism FinancingEnhanced due diligence, transaction pattern analysis, robust compliance frameworksCombatting Financing of Terrorism via global regulatory adherence

What Are Coinbase Custody's Asset Custody Kpi Metrics?

$245.7B+ (as of June 2025)
Assets Under Custody
24/7/365
System Uptime SLA
Real-time to fast execution
Settlement Time
420+ assets
Supported Asset Count
Industry-leading commercial crime policy
Insurance Coverage
80%+
ETF Custody Share

What Is Coinbase Custody's Custody Technology Stack?

Multi-Party Computation (MPC)
Open-sourced library with distributed key shares across secure environments, no full private key reconstruction
Cold Storage
Air-gapped with Cross Domain Solution (CDS) military-grade isolation, fully offline key protection
Hot Wallet Systems
Prime Onchain Wallet for institutional non-custodial onchain operations with policy engine
Hardware Security Modules
In-house developed with FIPS compliance for cryptographic operations and tamper protection
Consensus Computation
Vault storage combining physical security, MPC, and strict process controls
Automated Encryption
Cutting-edge encryption with multifactor controls, automated risk analysis, and integrity checks
Wallet Segregation
Customizable consensus settings, geographic key distribution, and least-privilege access

What Primary Use Cases Does Coinbase Custody Offer?

Hedge Funds & Asset Managers

Institutional clients who hold diversified Crypto ETFs will receive operational SLAs, reporting, and safeguarding of their diversified ETF holdings.

Corporate Treasury Management

Institutional clients are able to securely hold Bitcoin and other digital assets on their balance sheet at all times with 24/7 access.

Banks & Financial Institutions

Institutional clients may use our Custody Services, Trading Services, Settlement Services as part of our Prime Platform.

Token Projects & Protocols

Institutional clients may vote in decentralized governance systems using Prime's Onchain Wallet, stake tokens in decentralized finance systems using Prime's Onchain Wallet and manage their Treasury without having to physically move their assets.

Cryptocurrency Exchanges

Institutional clients may have segregated custody of their assets, including compliance, security and other controls.

High Net Worth & Wealth Managers

Institutional clients may also have custom security solutions for Alternative Assets along with SOC compliant reporting.

Staking & Yield Operations

Institutional clients may use Prime's Onchain Wallet to custodially stake and participate in decentralized finance systems.

What Is Coinbase Custody's Audit Compliance Framework Status?

Key Management AuditMPC key shares distribution, geographic separation, and open-source cryptography validation
Transaction Controls ReviewAutomated checks, multifactor authorization, and segregation of duties enforcement
IT Systems SufficiencySOC 1 Type II and SOC 2 Type II audits by Deloitte covering infrastructure adequacy
Cryptographic Asset SafekeepingCDS air-gapped cold storage, physical controls, and in-house security software assessment
Disaster Recovery & Business Continuity24/7 infrastructure resilience and continuous operation capabilities testing
Third-Party Service Provider ControlsDue diligence on contractors with incident response like 2025 breach handling
Compliance Workflow TestingKYC/sanctions screening, regulatory reporting, and MiCA asset segregation verification

How Does Coinbase Custody's Custody Model Comparison Compare?

Custody ModelAsset StructureBest ForKey Tradeoffs
MPC Decentralized WalletsDistributed key shares across environments, no full key reconstructionInstitutional scale custody like ETFs, preventing single points of compromiseComplex coordination, but enhanced security through open-source validation
Cold Storage (CDS Air-Gapped)Fully offline military-grade isolation with physical safeguardsLong-term holdings, high-security treasury managementLimited immediate liquidity, optimized for protection over speed
Prime Onchain Wallet (Hybrid)Non-custodial institutional access with custodial backend controlsActive DeFi, staking, governance with onchain operationsBalanced security and usability via policy engine and SOC compliance
Vault Consensus StoragePhysical security, MPC consensus, process controls combinationRegulated entities needing fiduciary-grade custodyHigh assurance, customizable for organizational workflows

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