Figure Markets Review and Complete Guide 2025

— Review updated Nov 2025

Written by Sam Onelia

- Nov 11, 2025

Reviewed by Ricardo Laizo

Figure Markets bridges traditional finance and crypto with innovative offerings like real-world asset-backed yields and self-custody solutions.

While their zero-fee trading and MPC security are impressive, the limited crypto selection and US-only availability are significant drawbacks.

Ideal for security-conscious US investors seeking stable yields backed by tangible assets.

Read the full review

Figure Markets At glance

Popularity

14

The popularity score indicates the percentage of customers choosing this company the last 90 days.

Customer Experience

The platform offers a streamlined account setup process with security features like MPC wallets. Limited cryptocurrency selection (only BTC, ETH, USDC, and HASH) and US-only availability restrict the experience for many potential users.

Company name

Figure Markets

Website

https://www.figuremarkets.com/

Address

650 California, Suite 2700, San Francisco CA 94108

Pricing

100

Zero trading fees is excellent! Crypto-backed loans start at 12.5% which is competitive but not the lowest in the market. No deposit fees is a plus, though network fees for withdrawals are standard industry practice.

Customer Support

100

Figure Markets appears offer standard customer support for a newer crypto platform. Their focus on institutional clients suggests they likely have dedicated support, but retail customer experience may vary.

Terms and Flexibility

80

Figure Markets offers transparent terms with clear explanations of their services. Their self-custody model gives users good control over assets. They are compliant with US regulations and backed by established fintech company Figure Technologies.

Pros & Cons

  • Self-custody by default through MPC wallets, providing better security than traditional exchanges where your assets could be vulnerable to hacks or insolvency.

  • Zero trading fees, allowing you to trade without hidden costs eating into your profits.

  • Real-world asset-backed yield products like Forward Vault, giving you access to returns generated by US home equity loans for more stable yields than typical crypto offerings.

  • Crypto-backed loans starting at 12.5% with no credit checks, providing liquidity without forcing you to sell your crypto assets during market downturns.

  • Built on Provenance Blockchain technology, enabling on-chain transparency and faster settlements than traditional financial systems.

  • Limited cryptocurrency selection currently only including Bitcoin, Ethereum, USDC, and HASH, restricting diversification options.

  • Geographic restrictions that limit availability to US residents only, excluding international users.

  • Developing liquidity pool as a newer platform, potentially resulting in larger spreads or slippage during high-volume trading.

Details

Figure Crypto

Pricing, commissions & fees

Maker fee0%
Taker fee0%
Withdrawal feesVaries
Daily withdrawal limit$100000
Deposit in cryptoYes
Deposit by bankYes
Deposit by cardYes
Deposit by PayPalNo
Other deposit methodsUSDC transfers

Features

Exchange typeCentralised (CEX)
Spot tradingYes
Margin tradingYes
FuturesNo
OptionsNo
Market ordersYes
Limit ordersYes
Stop lossYes
Take profitYes
OCO ordersNo
Leverage4
Staking optionsNo
LendingYes
NFTNo
Available on webYes
Available on iOSYes
Available on AndroidYes
Available on desktopNo
Available via APIYes

Investment options

Number of cryptocurrencies4
Network: BitcoinYes
Network: EthereumYes
Network: BinanceNo
Network: SolanaNo
Other supported networksNo

Security & Support

Year found2018
Regulatory statusLicensed
Two-factor authenticationYes
Cold storageYes
Insurance coverageNo
Whitelisted addressesYes
Full day supportYes
Live chatYes
Email supportYes
Phone supportNo
Community forumsNo
Supported languagesEnglish

Additional fields

Recommended companyYes
Get started

Figure Markets Review (2025)

Figure Markets is a decentralized digital asset exchange and financial platform. It offers services such as:

  • Trading cryptocurrencies, stocks, and alternative investments

  • Providing crypto-backed loans

  • Yield-generating products like the SEC-registered stablecoin YLDS and the Forward Vault

We spent 7 hours researching and testing Figure Markets’ platform, in our review you’ll find its pros, cons and an analysis of its services.

Company OverviewDetails
Company TypeCryptocurrency exchange and DeFi platform
Self-custody crypto tradingSì
Crypto-backed loansSì
Yield-generating productsSì
Trading feesZero trading fees
Loan interestUp to 12.5% interest on crypto-backed loans
RequirementsUS resident, and Valid ID
Earn up to $200 when you signup

Earn a bonus of up to $200 based on the amount you deposit & trade in your first 30 days after account approval.

Who is Figure Markets for?

Figure Markets bridges the gap between traditional finance and decentralized crypto ecosystems, making it appealing to a specific segment of crypto users. Its hybrid approach provides the benefits of decentralization while maintaining ease of use more typically associated with centralized platforms.

Requirements You Must Meet

  • Age: Must be 18 years or older

  • Location: Currently limited to United States residents

  • Documentation: Valid government-issued ID for KYC verification

  • Technical requirements: Compatible device with internet connection

Figure Markets is best for…

Figure Markets is best for crypto investors who prioritize self-custody and security but don’t want to sacrifice user experience.

It’s ideal for those looking to earn yields backed by real-world assets rather than purely speculative crypto yields. The platform suits both crypto newcomers who appreciate a clean interface and experienced users who value on-chain transparency.

It’s particularly well-suited for homeowners or investors interested in real estate-backed returns through their Forward Vault product.

Earn up to $200 when you signup

Earn a bonus of up to $200 based on the amount you deposit & trade in your first 30 days after account approval.

Figure Markets is not for you if…

Figure Markets is not for you if you’re seeking a wide variety of cryptocurrencies to trade, as their selection is currently limited to just a few major tokens.

International users should look elsewhere since the platform is only available to US residents.

If you’re a high-frequency trader requiring deep liquidity or advanced charting tools, established exchanges like Binance or Coinbase might better serve your needs. Additionally, if you’re uncomfortable with newer platforms that are still building their user base, you might prefer more established exchanges.

Figure Markets Core Services

Let’s analyze the core services of the platform.

Crypto Exchange

Figure Markets’ exchange combines the speed of centralized platforms with the security of decentralized finance. Built on the Provenance blockchain, it offers institutional-grade security while keeping you in control of your assets through self-custody.

Key Features

  • Zero-fee trading

  • Self-custody through Multi-Party Computation (MPC) wallets

  • On-chain transparency for all transactions

  • Support for BTC, ETH, USDC, and HASH tokens

  • Advanced order types including market, limit, and stop orders

  • Real-time market data and depth charts

  • Institutional-grade security protocols

  • Future support for tokenized stocks and real estate assets

Crypto-Backed Loans

FeatureDetails
Loan minimum$5,000, no minimum for international borrowers
Interest rateStarting at 12.5% (12.5% to 16.73% APR), interest deferred payments available
Max initial LTV75%
Max LTV90%
Term3 months, no prepayment fees
Eligible collateralBTC or ETH
DisbursementUSD or USDC

Need cash but don’t want to sell your crypto? Figure Markets’ lending service lets you borrow against your digital assets without credit checks, allowing you to maintain your crypto positions while accessing immediate liquidity.

Key features

  • Interest rates starting at 12.5%

  • No credit checks required

  • 12-month standard loan terms

  • No prepayment penalties

  • Same-day funding availability

  • Maintain ownership of your collateralized crypto

  • Loan-to-value (LTV) ratios from 50-70%

  • Automated margin calls and protection mechanisms

  • Simple online application process

Forward Vault

The Forward Vault offers a unique opportunity to earn returns generated by US home equity loans. This innovative product bridges traditional real estate finance with digital asset investing, providing more stable yields than typical crypto offerings.

Key features

  • Returns backed by Figure’s home equity line of credit (HELOC) loans

  • Income generated from real-world assets, not just cryptocurrency speculation

  • Variable yield rates based on current market conditions

  • Monthly distribution of earnings

  • Transparent reporting on underlying loan performance

  • Lower volatility compared to pure crypto investments

  • Minimum investment requirements apply

  • Ability to withdraw funds according to the vault’s terms

  • Regular performance updates and reporting

YLDS Stablecoin

YLDS is Figure Markets’ SEC-registered yield-bearing stablecoin, offering approximately 3.8% net annual yield while maintaining a stable $1 value. It provides a simple way to earn passive income on dollar-equivalent holdings.

Key features

  • 3.8% current net annual yield (subject to change)

  • Maintains stable $1 USD value

  • SEC-registered security

  • Backed by real-world cash-flowing assets

  • Fully transparent reserve reporting

  • Easy to buy, hold, and redeem

  • No lock-up periods

  • Automatic yield accrual

  • Usable for trading or as stable value storage

P2Prime

P2Prime allows institutions and sophisticated traders to access deep liquidity, advanced trading tools, and financing options in a secure, programmatic environment. This service caters to high-volume traders and institutional clients.

Key features

  • API integration for algorithmic trading

  • Advanced order routing and execution

  • Cross-margin capabilities

  • Institutional-grade financing options

  • 24/7 dedicated support

  • Custom reporting and analytics

  • Advanced risk management tools

  • High-performance trading infrastructure

  • Competitive fee structure for high-volume traders

Private Funds

Figure Markets provides qualified investors access to exclusive private funds focused on various digital asset strategies and real-world asset tokenization. These professionally managed funds offer diversification beyond standard crypto investments.

Key features

  • Access to professionally managed investment portfolios

  • Exposure to digital assets and tokenized real-world assets

  • Regular performance reporting

  • Managed by experienced investment professionals

  • Built-in risk management strategies

  • Potential for reduced volatility through diversification

  • Quarterly liquidity options (fund-specific)

  • Limited to accredited/qualified investors

  • Transparent fee structure

Tokenized Stocks and Real Estate

Figure Markets is expanding beyond cryptocurrency to offer on-chain trading of traditional assets like stocks and real estate. This upcoming feature will allow round-the-clock trading with instant settlement, bringing traditional markets into the digital asset ecosystem.

Key features

  • Fractional ownership of traditional assets

  • 24/7 trading availability (no market hours limitations)

  • Instant settlement vs. traditional T+2 clearing

  • Transparent on-chain transaction records

  • Reduced intermediary costs

  • Programmable ownership through smart contracts

  • Cross-border access to global markets

  • Integration with existing Figure Markets wallet

  • Regulatory compliance with securities laws

How to Activate an Account

Visit the Figure Markets website and sign up

This link will direct you to a secure registration page where you can start creating your account.

Create your account credentials

On the registration page, enter your personal email address in the designated field. Create a strong password that meets Figure Markets’ security requirements (typically at least 12 characters, including uppercase letters, lowercase letters, numbers, and special characters).

Check the box to agree to the Terms of Service and Privacy Policy after reviewing these documents.

Complete email verification

After submitting your initial registration, Figure Markets will send a verification email to the address you provided. This typically arrives within a few minutes, but check your spam folder if you don’t see it.

Open the email and click the “Verify Email Address” button or link provided. This security step ensures that you have access to the email account and helps prevent unauthorized registrations.

Complete the KYC verification process

Once your email is verified, you’ll be prompted to complete the Know Your Customer (KYC) verification process, which is required by US regulations. This multi-step process includes:

  • Providing personal information such as your full legal name, date of birth, and current residential address
  • Entering your Social Security Number or Tax Identification Number
  • Uploading clear, color photos of your government-issued ID (driver’s license, passport, or state ID)
  • Taking a real-time selfie for biometric verification that matches your ID photo
  • Answering questions about your employment status and source of funds
  • Completing a brief questionnaire about your trading experience and investment goals

Set up your self-custody MPC wallet

Figure Markets will guide you through their secure wallet setup process, which utilizes Multi-Party Computation (MPC) technology. This critical step includes:

  • Creating a wallet name for easy identification
  • Setting up additional security measures like biometric authentication (fingerprint or face ID) if using a mobile device
  • Recording your backup recovery phrase (typically 12-24 words) in a secure location offline
  • Verifying your understanding of wallet security by completing a brief quiz
  • Setting up optional two-factor authentication (2FA) via an authenticator app for an additional security layer
  • Confirming your wallet setup by verifying a test transaction

Fund your account

With your account verified and wallet established, you can now fund your account through several methods:

  • ACH Transfer: Link your US bank account by providing your routing and account numbers. Funds typically settle in 3-5 business days, and may have initial deposit limits.
  • Wire Transfer: Follow the provided wire instructions to send funds directly from your bank. This method is faster (usually 1 business day) but may incur bank fees.
  • Cryptocurrency Transfer: Generate a deposit address for supported cryptocurrencies (BTC, ETH, USDC) and send funds from an external wallet. For security, always double-check the deposit address before confirming any transfer. Crypto deposits typically confirm within minutes to an hour, depending on network congestion.
  • After your initial funding method is verified, you’ll gain access to Figure Markets’ trading platform, yield products, and lending services.

Consider this before creating an account

Before signing up, ensure you’re comfortable with the platform’s developing status and limited cryptocurrency selection. Also, have your government ID ready for verification, and consider which funding method will work best for you, as ACH transfers can take several days to process. If you’re primarily interested in their yield products, research current rates and terms, as these may change over time.

Figure Markets Costs

Figure Markets aims to differentiate itself with a transparent fee structure. Here’s a breakdown of their current costs:

Fee TypeAmountDetails
Trading Fees0%Zero-fee trading
Withdrawal FeesVariesNetwork fees apply for crypto withdrawals
Deposit Fees$0No fees for ACH or wire transfers
Crypto-Backed LoansStarting at 12.5%Interest rates for borrowing against your crypto assets

It’s worth noting that while trading is currently fee-free, this is a promotional offer subject to change. The platform earns revenue primarily through their lending products and yield offerings rather than trading fees.

Is Figure Markets the Right Choice for Your Crypto Needs?

Figure Markets stands out with its innovative approach to combining the best aspects of centralized and decentralized finance.

Their zero-fee trading (while the promotion lasts) and self-custody model provide compelling advantages for security-conscious users, while their real-world asset-backed yield products offer a refreshing alternative to purely speculative crypto yields.

However, the platform’s limited cryptocurrency selection and US-only availability represent significant limitations. For those who prioritize security, transparency, and real-world asset backing over extensive crypto options, Figure Markets presents a promising option in the evolving crypto landscape.

FAQs About Figure Markets

Is Figure Markets Legit?

Yes, Figure Markets is a legitimate platform operating under Figure Technologies, a well-established fintech company founded in 2018 by former SoFi CEO Mike Cagney. The platform operates in compliance with US regulations and utilizes robust security measures including Multi-Party Computation (MPC) wallets for self-custody of assets.

What cryptocurrencies can I trade on Figure Markets?

Currently, Figure Markets supports trading for Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and HASH (the native token of the Provenance Blockchain). They have announced plans to expand their cryptocurrency offerings in the future.

How does Figure Markets’ self-custody system work?

Figure Markets uses Multi-Party Computation (MPC) technology for wallet security. This means your private keys are never stored in one place but are instead split across multiple parties. This approach provides the security benefits of self-custody while maintaining a user-friendly experience.

What yields can I expect from Figure Markets’ products?

Yields vary by product. The Forward Vault, backed by US home equity loans, offers variable yields based on market conditions. Their YLDS stablecoin currently offers approximately 3.8% net yield. These rates are subject to change and should be verified on the Figure Markets website for the most current information.

How do Figure Markets’ crypto-backed loans work?

Figure Markets allows you to borrow against your cryptocurrency holdings without selling them. Loan terms are typically 12 months, with interest rates starting at 12.5%. There are no credit checks required, and you maintain ownership of your collateralized crypto throughout the loan term.

Can I use Figure Markets outside the United States?

Currently, Figure Markets is only available to residents of the United States. The company has indicated plans for international expansion, but no specific timeline has been announced.

Our Commitment to Transparency

At Financer.com, we're committed to helping you with your finances. All our content abides by our Editorial Guidelines. We are open about how we review products and services in our Review Process and how we make money in our Advertiser Disclosure.

Coinbase

55

Kraken

55

Gate.io

61

Binance.US

60

Join Financer Stacks - Your weekly guide to mastering money basics, stacking extra income, and creating a life where money works for you.