Comparison · 2026 edition
Coinbase Prime Custody vs Hex Trust: crypto custody compared 2026.
Coinbase Prime Custody and Hex Trust side by side in the Crypto Custody Index 2026: scores, evidence, published facts and awards.
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Coinbase Prime Custody and Hex Trust side by side in the Crypto Custody Index 2026: scores, evidence, published facts and awards.
In the Crypto Custody Index, Hex Trust scores higher overall: 4.0 out of 5 (81 out of 100) against 3.9 (78), ranking 2 and 3 of 12. Hex Trust also scores higher in every segment.
Overall and segment scores out of 100, and the score out of 5.
| Score | Coinbase Prime Custody | Hex Trust |
|---|---|---|
| Score out of 5 | 3.9 | 4.0 |
| Score out of 100 | 78 | 81 |
| Overall rank | 3 of 12 | 2 of 12 |
| For funds and asset managers (out of 100) | 84, rank 3 | 87, rank 2 |
| For crypto, payment and stablecoin firms (out of 100) | 81, rank 3 | 83, rank 2 |
| For corporate treasuries (out of 100) | 69, rank 6 | 72, rank 4 |
| Type | Qualified custodian (New York trust company) | Licensed institutional custodian |
Each score with the evidence behind it.
| Criterion | Coinbase Prime Custody | Hex Trust |
|---|---|---|
| Regulatory standing | 5/5 New York trust charter and an EU MiCA licence published. | 5/5 Licences in Singapore, Dubai and Hong Kong published. |
| Published pricing | 0/5 Not published on the pages read. | 0/5 Not published on the pages read. |
| Asset coverage | 5/5 470+ assets published. | 5/5 501 assets published. |
| Security assurance | 5/5 SOC 1 Type II and SOC 2 Type II audits by Deloitte published. | 5/5 SOC 1 Type II, SOC 2 Type II and ISO 27001 with auditors named. |
| Insurance | 3/5 Crime insurance stated without an amount. | 4/5 $25M shared cover published; insurer not named. |
| Client asset segregation | 5/5 On-chain segregation and bankruptcy-remote client funds stated. | 5/5 On-chain segregation and insolvency-remote 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 | Coinbase Prime Custody | Hex Trust |
|---|---|---|
| Regulatory standing | Coinbase Custody Trust Company is "chartered as a limited purpose trust company by the New York State Department of Financial Services" and "a Qualified Custodian". Coinbase Prime page: Coinbase holds a MiCA licence covering all 27 EU member states. | Custody FAQ: "Registered with the Monetary Authority of Singapore (MAS) as a Major Payment Institution"; "Regulated by the Dubai Virtual Assets Regulatory Authority (VARA) to offer virtual asset custody services"; licensed under Hong Kong's Trust or Company Service Provider regime. |
| Pricing | Not published on the pages read. | Not published on the pages read. |
| Asset coverage | "Clients can access 470+ assets today, with more being added regularly." | "Hex Safe supports the following 501 assets, listed alphabetically by ticker" (help centre). |
| Security | "Coinbase Custody Trust Company maintains SOC 1 Type II and SOC 2 Type II audits by Deloitte & Touche"; Coinbase Vault storage "combines physical security, consensus computation, and strict process controls". | Trust Center: SOC 2 Type II (December 2023, AssuranceLab), SOC 1 Type I and II (February 2023, Deloitte), ISO 27001:2013; keys held in FIPS 140-3 Level 3 hardware security modules in air-gapped environments. |
| Insurance | Coinbase article (4 March 2024) cites "a substantial commercial crime insurance policy that covers theft of fiat currency or digital assets"; no amount published. | "Our insurance policy provides a maximum coverage of US$25,000,000 across all clients"; dedicated cover can be extended "upon agreement with our Lead Insurer". Insurer not named. |
| Segregation | "Client funds are segregated at the account, sub-account, and on-chain wallet address level"; "Legally, client funds are bankruptcy remote" (Coinbase article, 4 March 2024). | "Client assets are both legally and technologically segregated through on-chain account structures"; "Hex Trust utilises an insolvency-remote legal structure". |
| Date read | 26 October 2026 | 26 October 2026 |
Not published or not stated by Coinbase Prime Custody: pricing and insurance.
Not published or not stated by Hex Trust: pricing and insurance.
Facts read on 26 October 2026 from: coinbase.com/custody, coinbase.com/en/prime/custody, coinbase.com/prime, coinbase.com/blog/…; and hextrust.com/services/custody, hextrust.com/trust-center, hextrust.com/insurance-coverage-framework, help.hextrust.com/knowledge/….
Awards follow from the published scores and cannot be bought.
From each provider's strongest criteria and published terms.
Funds and listed products wanting a large asset range with audited controls.
Firms in Asia and the Middle East wanting licensed custody with a published asset list.
Tell us what you need and where you operate.