Best crypto custodial services in the world
The total capitalization of digital asset custody in 2023 amounted to USD 447.89 billion.
Competitive Analysis
In the conducted competitive analysis, several companies offering similar services in the custody and management of digital assets were identified on the international market. Notably:
Coinbase Custody:
- A leading provider of cryptocurrency and digital asset custody services.
- Wide client base including institutional investors and cryptocurrency exchanges.
- Offers high-level security and institutional support.
BitGo:
- Specializes in custodial solutions and infrastructure for storing and managing digital assets.
- Provides multi-signature solutions and high levels of security for institutional clients.
- Has significant experience working with cryptocurrency exchanges and investment funds.
Gemini Custody:
- A cryptocurrency exchange and provider of digital asset custody services.
- Known for its reputation as a reliable and regulated cryptocurrency operator.
- Offers various asset management tools and support for institutional clients.
Fidelity Digital Assets:
- Part of the Fidelity Investments financial conglomerate, offering custody and trading services for digital assets.
- Maintains a high level of regulatory compliance and offers a wide range of services to institutional clients.
Table 1. Summary information about custodial companies
| № | Name | Regulation | Within the company | Audit | Country |
|---|---|---|---|---|---|
| 1 | Coinbase Custody | NYDFS | Coinbase Inc. exchange | SOC 1 type 2, SOC 2 type 2 | - |
| 2 | Bitgo | NYDFS | - | SOC 1 type 2, SOC 2 type 2, ISAE 3402 type 2 | USA |
| 3 | Gemini Custody | NYDFS | Gemini exchange | SOC 1 type 2, SOC 2 type 2 | USA, NY |
| 4 | Paxos | NYDFS | itBit exchange | - | USA, NY |
| 5 | Coinbase | NYDFS | Coinbase Inc. exchange | SOC 1 type 2, SOC 2 type 2 | - |
| 6 | Cactus Custody | Trustee Ordinance | Matrixport | - | Singapore |
| 7 | Bakkt | NYDFS | BAKKT tm | - | USA, NY |
| 8 | Copper | - | Cooper.co | SOC | USA, Findlay |
| 9 | Finoa | BaFin | - | - | Madrid |
| 10 | Prime Trust | Financial Institutions Division | - | - | USA, LA |
| 11 | Anchorage | OCC | Anchor Labs, Inc., a Delaware corporation | SOC 1 type 1, SOC 1 type 2 | USA, Alyaska |
| 12 | Metaco | - | - | - | Switzerland |
| 13 | Digivault | FCA | Nasdaq listed EQONEX Group | - | UK |
| 14 | OSL | MAS | BC Technology Group | Big4 | Hong Kong |
| 15 | Trustology | - | - | - | UK |
| 16 | Knox | - | Knox exchange | SOC 2 type 2 | Montreal, Qoubec |
| 17 | Genesis | - | Genesis trading company | - | USA, NY |
| 18 | Sygnum Custody Services | - | - | ISAE 3000 | - |
| 19 | SEBA Custody Services | FINMA | Seba Bank | ISAE 3402 Type 2 | Switzerland |
| 20 | Arab Bank Switzerland Custody | - | Swiss Bank | ISAE 3402 Type 1 | Switzerland Zurich |
In Table 2, comparisons of custodial services are provided, including information on storage volumes, fees, and security technologies. Each service has its own features and advantages in the offered services and security level.
Table 2. Comparison of Custodial Services (Data as of 2023)
| № | Name | Storage volume, billion | Commission (% of volume) | Technologies and security level |
|---|---|---|---|---|
| 1 | Coinbase | $80,00 | 0,5% | Multi-factor authentication; Cold storage; Data encryption. |
| 2 | Bitgo | $64,00 | 0,25% -1% | Multi-factor authentication; Multi-signature; Hardware security. |
| 3 | Fireblocks | $38,00 | 0,35% -1% | Multi-factor authentication; Protection against malware; Hardware security. |
| 4 | Gemini | $30,00 | - | Multi-factor authentication; Secure storage; Hardware security. |
| 5 | Ledger Enterprise | $10,00 | - | Cold storage; Physical access control; Hardware security |
| 6 | Cactus Custody | $10,00 | - | Multi-factor authentication; Cryptographic key storage; Data backup |
| 7 | NYDIG | $6,00 | - | Multi-factor authentication; Глубокое хранение средств;Protection against cyber attacks. |
| 8 | Bitcoin Suisse | - | - | Multi-factor authentication; Hardware security; Data access control. |
| 9 | Anchorage Digital Bank | $10,00 | - | Multi-factor authentication; Multi-signature; Hardware security. |
| 10 | Prime Trust | $5,00 | - | Multi-factor authentication; Physical access control and cybersecurity; Access control and audit. |
| 11 | Genesis | $3,00 | - | Multi-factor authentication; Cold storage; Transaction monitoring. |
| 12 | SEBA | $2,00 | - | Multi-factor authentication; Cryptographic key storage; Hardware security. |
| 13 | Sygnum | $2,00 | - | Multi-factor authentication; Protection against malware; Distributed key storage. |
| 14 | Arab Bank | $1,00 | - | Multi-factor authentication;Cold storage;Hardware security. |