Copper
Qualified CustodianCopper provides institutional digital asset custody using MPC technology. Known for ClearLoop — enabling off-exchange trading while assets remain in custody. Serves major institutions globally.
Quick Verdict
With a Custody Score of 7.1/10, Copper is ranked #7 of 11 among qualified custodian providers. Its strongest category is Security and its weakest is Counterparty Diversification.
Analysis
Score Breakdown
The Custody Score is a weighted average across 8 criteria, each rated 1-10.
| Criterion | Score | Weight | Weighted |
|---|---|---|---|
| Security | 8.5 | 20% | 1.70 |
| Insurance | 7 | 15% | 1.05 |
| Regulatory | 7.5 | 15% | 1.13 |
| Fee Transparency | 5 | 10% | 0.50 |
| Track Record | 7 | 15% | 1.05 |
| Withdrawal Flexibility | 7.5 | 10% | 0.75 |
| Reporting & Audit | 7.5 | 10% | 0.75 |
| Counterparty Diversification | 3 | 5% | 0.15 |
| Total | 100% | 7.1 |
Key Features
- ✓MPC-based key management
- ✓ClearLoop off-exchange trading
- ✓400+ asset support
- ✓Policy engine
- ✓DeFi access from custody
- ✓Global institutional service
Fee Breakdown
| Setup Fee | Custom institutional pricing |
| Annual Custody Fee | Custom |
| Transaction Fee | Custom |
| Withdrawal Fee | Network fees |
| Notes | Enterprise pricing. ClearLoop reduces counterparty risk for trading. |
Security Details
Key Management
MPC-based custody
Cold Storage
Majority cold
SOC Compliance
SOC 2 Type 2
Penetration Testing
Yes
Incident History: No incidents
Insurance Coverage
Coverage
Insurance coverage available
Carrier
Lloyd's market
Details
Institutional custody insurance available.
Regulatory Status
Licenses
- UK regulatory permissions pending
UK-based. Seeking full FCA authorization.
Pros & Cons
Pros
- ClearLoop — trade without moving assets to exchange
- MPC technology — no single point of failure
- SOC 2 Type 2 certified
- Institutional-grade service
- Growing rapidly in institutional market
Cons
- Full regulatory status still pending
- Opaque pricing
- Institutional only
- UK-focused — less US presence
- Single custodian model
How Copper Compares
Top qualified custodian providers ranked by Custody Score.
| Provider | Custody Score | Compare |
|---|---|---|
| Fidelity Digital Assets | 8.4 | Compare → |
| BitGo | 8.2 | Compare → |
| Coinbase Custody | 8.2 | Compare → |
| Anchorage Digital | 7.9 | Compare → |
| Gemini Custody | 7.7 | Compare → |