Comparison · 2026 edition
BitGo vs Gemini Custody: crypto custody compared 2026.
BitGo and Gemini Custody side by side in the Crypto Custody Index 2026: scores, evidence, published facts and awards.
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BitGo and Gemini Custody side by side in the Crypto Custody Index 2026: scores, evidence, published facts and awards.
In the Crypto Custody Index, BitGo scores higher overall: 4.2 out of 5 (83 out of 100) against 3.6 (73), ranking 1 and 4 of 12. BitGo scores higher for funds and asset managers and crypto, payment and stablecoin firms; Gemini Custody scores higher for corporate treasuries.
Overall and segment scores out of 100, and the score out of 5.
| Score | BitGo | Gemini Custody |
|---|---|---|
| Score out of 5 | 4.2 | 3.6 |
| Score out of 100 | 83 | 73 |
| Overall rank | 1 of 12 | 4 of 12 |
| For funds and asset managers (out of 100) | 88, rank 1 | 74, rank 6 |
| For crypto, payment and stablecoin firms (out of 100) | 84, rank 1 | 65, rank 7 |
| For corporate treasuries (out of 100) | 77, rank 2 | 80, rank 1 |
| Type | Qualified custodian and national trust bank | Qualified custodian (New York trust company) |
Each score with the evidence behind it.
| Criterion | BitGo | Gemini Custody |
|---|---|---|
| Regulatory standing | 5/5 Custody licences from the OCC, NYDFS, BaFin, MAS and VARA published. | 4/5 New York trust licence with NMLS number published; one jurisdiction. |
| Published pricing | 1/5 Fee method published; no rates. | 5/5 Full custody fee schedule with rate, monthly minimum and withdrawal terms published. |
| Asset coverage | 5/5 1,110+ assets across 44+ blockchains published. | 0/5 Not published on the custody pages read. |
| Security assurance | 4/5 SOC 2 Type 2 and full cold storage published; SOC 1 and ISO 27001 not stated. | 5/5 ISO 27001 and SOC 2 Type 2 with cold storage published. |
| Insurance | 5/5 $250M cover and Lloyd's insurers published. | 4/5 $125M cover published; insurer not named. |
| Client asset segregation | 5/5 Segregated, bankruptcy-remote wallets stated. | 3/5 On-chain segregated addresses stated; no legal insolvency structure stated. |
Each criterion is scored 0 to 5 against the best published offer in the Crypto Custody Index. 0 means not offered or not published. How it is scored
What each provider publishes on its own pages, read on 26 October 2026.
| Fact | BitGo | Gemini Custody |
|---|---|---|
| Regulatory standing | Licences page: BitGo Bank & Trust, National Association, authorised by the OCC; BitGo New York Trust Company, regulated by NYDFS; BitGo Europe GmbH, MiCAR licence from BaFin; BitGo Singapore, Major Payment Institution licence from MAS; BitGo Custody MENA FZE, licensed by VARA for custody; BitGo GmbH, affiliated with VQF under FINMA supervision. | "Gemini is a fiduciary and qualified custodian under New York Banking Law and is licensed by the State of New York to custody digital assets." Gemini Trust Company, LLC NMLS #1518126. |
| Pricing | Billing methodology: a basis point fee on average assets under custody plus fees on outgoing transfers, at "the rate or tiered rates specified in the client's agreement". No rates published. | Custody Fee Schedule (7 October 2026): "0.4% or $30 per month per asset, whichever is higher"; minimum balance: none; setup fee: waived; withdrawals: network fee passed through (legacy accounts $125). |
| Asset coverage | "supports more than 1,110 crypto assets across more than 44 different blockchains" (BitGo article). | Not published on the custody pages read. |
| Security | "100% Cold Storage" in "Cold storage environments that are offline"; SOC 2 Type 2, renewed annually (BitGo article). SOC 1 not stated on the pages read. | "ISO 27001 and SOC 2 Type 2 certified"; "Instant trading from cold storage"; new accounts use Gemini's MPC (multi-party computation) infrastructure. |
| Insurance | "We maintain a $250M insurance policy on digital assets where BitGo Bank & Trust, National Association maintains all of the keys", from "a syndicate of insurers in the Lloyd's of London and European Marketplace". | "Gemini maintains $125M in digital asset insurance for certain types of losses": $25M commercial crime cover for the hot wallet and $100M for cold storage (as of 1 March 2024). Insurer not named. |
| Segregation | Custodial wallets are "structured to keep client assets segregated from corporate balance sheets" and "segregated and structured to be bankruptcy-remote". | "All customer assets are segregated using unique digital addresses that are independently verifiable on their respective blockchains." Bankruptcy remoteness not stated. |
| Date read | 26 October 2026 | 26 October 2026 |
Not published or not stated by BitGo: pricing and security.
Not published or not stated by Gemini Custody: asset coverage, insurance and segregation.
Facts read on 26 October 2026 from: bitgo.com/products/qualified-custody, bitgo.com/company/licenses, bitgo.com/resources/billing-methodology, bitgo.com/solutions/insurance, bitgo.com/resources/blog/…, bitgo.com/resources/blog/…; and gemini.com/custody, gemini.com/fees/custody-fee-schedule.
Awards follow from the published scores and cannot be bought.
From each provider's strongest criteria and published terms.
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