Anchorage Digital vs Copper — Head-to-Head Custody Comparison

An independent, data-driven comparison of Anchorage Digital and Copper across security, insurance, fees, regulatory compliance, and more.

Verdict

Quick Verdict

Anchorage Digital scores 7.9 vs Copper's 7.1. Anchorage Digital leads in 5 of 8 categories.

Anchorage Digital is better suited for Institutions, Asset managers, Protocol treasuries. Copper is better suited for Institutions, Hedge funds, Trading firms.

7.9

GoodCustody Score

Anchorage Digital

7.1

GoodCustody Score

Copper

Scores

Score Comparison

Weighted scores across all 8 custody criteria.

Criterion	Weight	Anchorage Digital	Copper	Winner
Security	20%	9.5	8.5	Anchorage Digital
Insurance	15%	8.0	7.0	Anchorage Digital
Regulatory	15%	10.0	7.5	Anchorage Digital
Fee Transparency	10%	4.0	5.0	Copper
Track Record	15%	8.0	7.0	Anchorage Digital
Withdrawal Flexibility	10%	7.0	7.5	Copper
Reporting & Audit	10%	9.0	7.5	Anchorage Digital
Counterparty Diversification	5%	2.0	3.0	Copper
Overall Score	100%	7.9	7.1	Anchorage Digital

Visual

Score Radar

Visual overlay of Anchorage Digital and Copper across all categories.

Anchorage DigitalCopper

Deep Dive

Category-by-Category Analysis

A deeper look at how each provider performs in every scoring criterion.

Security (9.5 vs 8.5)

Anchorage Digital uses HSM + biometric authentication key management with Majority cold in cold storage and regular penetration testing. Compliance: SOC 2 Type 2. Incident history: No incidents.

Copper uses MPC-based custody key management with Majority cold in cold storage and regular penetration testing. Compliance: SOC 2 Type 2. Incident history: No incidents.

Insurance (8.0 vs 7.0)

Anchorage Digital offers Significant coverage (not publicly disclosed) via Major carriers. As an OCC-chartered bank, subject to bank-level regulatory capital requirements.

Copper offers Insurance coverage available via Lloyd's market. Institutional custody insurance available.

Regulatory (10.0 vs 7.5)

Anchorage Digital holds OCC National Trust Bank Charter and is a qualified custodian operating in United States. First and only federally chartered crypto bank. Highest level of US regulatory approval for a digital asset custodian.

Copper holds UK regulatory permissions pending and is not a qualified custodian operating in United Kingdom. UK-based. Seeking full FCA authorization.

Fee Transparency (4.0 vs 5.0)

Anchorage Digital charges Custom in annual custody fees with Custom per transaction. Fully custom pricing for institutional clients. No self-serve option.

Copper charges Custom in annual custody fees with Custom per transaction. Enterprise pricing. ClearLoop reduces counterparty risk for trading.

Track Record (8.0 vs 7.0)

Anchorage Digital was founded in 2017 and is headquartered in San Francisco, CA. AUM: Not publicly disclosed (serves major institutions). Incident history: No incidents.

Copper was founded in 2018 and is headquartered in London, UK. AUM: Not publicly disclosed. Incident history: No incidents.

Withdrawal Flexibility (7.0 vs 7.5)

Anchorage Digital withdrawal fees: Custom. Minimum account: Institutional only. Supported assets: Bitcoin, Ethereum, Multiple digital assets.

Copper withdrawal fees: Network fees. Minimum account: Institutional only. Supported assets: Bitcoin, Ethereum, 400+ assets.

Reporting & Audit (9.0 vs 7.5)

Anchorage Digital: SOC compliance is SOC 2 Type 2. As a qualified custodian, it meets SEC reporting requirements.

Copper: SOC compliance is SOC 2 Type 2. Not classified as a qualified custodian.

Counterparty Diversification (2.0 vs 3.0)

Anchorage Digital is a qualified custodian provider. Key management: Proprietary HSM-based system with biometric authentication and multi-layer approval workflows..

Copper is a qualified custodian provider. Key management: MPC-based custody. ClearLoop off-exchange settlement..

Fees

Fee Comparison

Side-by-side fee breakdown for Anchorage Digital and Copper.

Fee Type	Anchorage Digital	Copper
Setup Fee	Custom institutional pricing	Custom institutional pricing
Annual Custody	Custom	Custom
Transaction	Custom	Custom
Withdrawal	Custom	Network fees

Anchorage Digital: Fully custom pricing for institutional clients. No self-serve option.

Copper: Enterprise pricing. ClearLoop reduces counterparty risk for trading.

Features

Feature Comparison

Checklist of features across both providers.

Feature	Anchorage Digital	Copper
400+ asset support	✗	✓
Advanced governance and approval workflows	✓	✗
Biometric authentication	✓	✗
ClearLoop off-exchange trading	✗	✓
DeFi access from custody	✓	✓
Federally chartered digital asset bank	✓	✗
Global institutional service	✗	✓
MPC-based key management	✗	✓
Policy engine	✗	✓
Staking from custody	✓	✗
Trading and settlement	✓	✗

Recommendation

Who Should Choose Which?

Anchorage Digital is better if you…

✓Are a institutions
✓Are a asset managers
✓Are a protocol treasuries
✓Are a government entities
✓Want: Only federally chartered digital asset bank — highest US regulatory status
✓Want: Trusted by Visa, Samsung, and other blue-chip institutions
✓Want: SOC 2 Type 2 compliant

Copper is better if you…

✓Are a institutions
✓Are a hedge funds
✓Are a trading firms
✓Are a asset managers
✓Want: ClearLoop — trade without moving assets to exchange
✓Want: MPC technology — no single point of failure
✓Want: SOC 2 Type 2 certified

FAQ

Frequently Asked Questions

Is Anchorage Digital or Copper better for Bitcoin custody?

Anchorage Digital scores 7.9 vs 7.1 in our weighted Custody Score. Anchorage Digital leads in 5 of 8 scoring categories. However, the best choice depends on your specific needs: Anchorage Digital is best for Institutions and Asset managers, while Copper suits Institutions and Hedge funds.

What is the difference between Anchorage Digital and Copper?

Anchorage Digital is a qualified custodian provider, while Copper is a qualified custodian provider. Anchorage Digital excels in Regulatory, whereas Copper is strongest in Security.

How do Anchorage Digital and Copper fees compare?

Anchorage Digital charges Custom annual custody fees with Custom transaction fees. Copper charges Custom annual custody fees with Custom transaction fees.

Which is more secure, Anchorage Digital or Copper?

Anchorage Digital scores 9.5/10 for security while Copper scores 8.5/10. Anchorage Digital uses HSM + biometric authentication key management, and Copper uses MPC-based custody.