Why crypto custody is becoming a battle for institutional capital

• BitGo reported 19% second-quarter revenue growth and US$4.3 billion in custody assets.
• Institutional crypto infrastructure firms are competing across custody, settlement, staking, and trading services.
• Regulation, security requirements, and institutional licensing remain the biggest barriers in this sector.

Institutional crypto custody has become one of the fastest-growing parts of the digital asset market.

BitGo’s latest revenue growth highlights how large investors are increasingly using regulated crypto infrastructure rather than managing assets directly.

These five companies operate in closely related areas, including custody, settlement, institutional trading, and blockchain financial services.

BitGo

BitGo reported 19% second-quarter revenue growth and expanded assets under custody to US$4.3 billion.

The company provides custody, settlement, and trading infrastructure for institutional investors and financial firms.

Its growth reflects increasing demand for regulated crypto asset storage and infrastructure services.

Coinbase Global (NASDAQ:COIN)

Coinbase operates one of the largest institutional crypto custody businesses in the United States.

The company also provides trading, prime brokerage, staking (locking up tokens to secure the network), and custody services for institutions.

Coinbase’s custody platform supports many crypto ETFs and institutional investment products.

Fireblocks

Fireblocks provides digital asset custody and settlement infrastructure for financial institutions and crypto businesses.

The platform focuses on secure asset transfers, institutional custody, and blockchain transaction infrastructure.

Its services are widely used by exchanges, banks, asset managers, and fintech companies.

Copper

Copper provides institutional custody, settlement, and trading infrastructure for digital asset markets.

The company has expanded its regulated operations, including recent US regulatory approvals and industry memberships.

Copper’s business is focused on institutional market access and custody technology.

Anchorage Digital

Anchorage Digital is a federally chartered crypto bank in the United States.

The company provides regulated custody, staking, trading, and financing services for institutional clients.

Its banking structure gives it a different regulatory position from many other crypto custody providers.

The bottom line

BitGo’s results show that institutional crypto infrastructure remains a key area of industry growth.

Custody providers are competing across regulation, security, settlement technology, and institutional services.

The sector’s next phase will depend on institutional adoption, regulatory approvals, and demand for secure digital asset infrastructure.