Figure Markets Review
- Fiat currencies
- 1
- Supported assets
- 7
Our verdict
Enjoy greater control of your crypto but with a limited variety of coins.
Figure Markets was co-founded by Mike Cagney, the former CEO of Figure Lending and SoFi.(1) He brings his expertise to this platform, offering a handful of crypto options with crypto-backed loans and cash yields through features like the Forward Vault and YDLS stablecoin. Figure Markets Exchange is a newer platform, so it has yet to prove itself over the long haul, and customer feedback is hard to find. However, we think it is off to a promising start if you do not mind its limitations.
Pros
-
High yield on cash
-
P2Prime feature for up to 5x leverage
-
Earn cash while HODLing
-
No trading fees
Cons
-
Minimal crypto offerings
-
Limited customer reviews
-
Some features not available in all states
Details
Product details
| Product Name | Figure Markets - Borrow and Earn Platform |
| Fiat Currencies | USD |
| Cryptocurrencies | BTC, ETH, HASH, SOL, LINK, UNI, USDC |
| Deposit Methods |
Bank transfer (ACH) Wire transfer |
| Trading Fee |
Maker: 0.1% Taker: 0.1% |
| Deposit Fees | Subject to chain gas network fees |
| Withdrawal Fees | Subject to chain gas network fees |
Figure Markets is best for self-custody
Figure Markets allows investors greater control of their crypto with self-custody and a multi-party computation (MPC) wallet. Its platform works as a hybrid exchange model using MPC technology to offer MPC custodial accounts with the protection of decentralized custody.
As an added measure, these assets remain segregated to provide bankruptcy protection in case Figure Markets is ever affected by insolvency.
What we like about Figure Markets
There are several advantages to investing with Figure Markets, such as a generous APY, crypto-backed loans, no trading fees and private funds.
Forward Vault
The Figure Markets Forward Vault rewards investors with up to 8% APY on stablecoin deposits and backing from home equity loans. In addition to daily liquidity, there are optional automated sweeps with no lockups. Eligible users with a verified Figure Markets account may benefit from Forward Vault, although geographic restrictions may apply.
Crypto-backed loans
Investors with a Figure Markets account can borrow cash using the bitcoin or ethereum in their crypto wallets as collateral. You can borrow up to 75% of your collateral’s value with disbursements made via USD or USDC. Terms last three months with a 12.5% starting interest rate and a minimum borrowing amount of $5,000.
For added convenience, Figure Markets offers same-day approval.
Apply now to Figure crypto-backed loansPrivate funds
In addition to cryptocurrency, Figure Markets offers additional products worth considering. The Figure Markets REIT is a real estate investment trust (REIT) that invests in home equity lines of credit underwritten and originated by Figure Lending.
Figure Market is also home to the SOL Opportunity Fund, which provided investors access to locked Solana tokens from FTX bankruptcy auctions.
Comprehensive platform
The Figure Markets platform has an intuitive interface to aid investing. There is the option of market, limit and stop-limit execution types with a high-performance, off-chain matching engine to process orders without delay. Even your wallet is flexible — Figure Markets supports any crypto wallet containing bitcoin (BTC) or ethereum (ETH) for both deposits and withdrawals.
Solid backing
Figure Markets, which resulted in a spinoff from Figure Lending, brings a pronounced focus to crypto and digital asset exchanges. Its $60 million in Series A funding includes investors like Jump Crypto, Pantera Capital, Lightspeed Faction, Distributed Global and Ribbit Capital.(3)
While a newer company, Figure Markets is led by some of the financial industry’s greatest leaders. CEO Mike Cagney brings his wealth of experience as the former CEO of SoFi®, along with June Ou, who is the cofounder and president after serving as the Chief Technology Officer (CTO) of SoFi.(2)
Where Figure Markets falls short
While Figure Markets offers plenty of features, there are some drawbacks to consider.
Limited number of crypto coins
Figure Markets has a small number of coins to choose from, offering only six cryptocurrencies and one fiat currency. Beginner and buy-and-hold investors may not mind this limitation, but it might not fit the financial goals of more active traders.
For comparison, Crypto.com offers 442 coins and Binance.US offers 167.
Still new
Investing with a new platform can be risky. Because Figure Markets is still growing, it has yet to show proven performance with guaranteed stability and demonstrated security over the long term.
There are also very few reviews available online, making it difficult to gauge overall customer experience and satisfaction.
Limited availability
Figure Markets offers crypto-backed loans, but they are not an option for everyone. They’re currently unavailable to residents of Idaho, Illinois, Kentucky, Maryland, Mississippi, South Dakota, Texas, Vermont, Virginia and Washington, DC.
Additionally, Figure Markets Exchange is not available in New York.
Is Figure Markets legit?
Figure Markets’ affiliates are regulated and licensed, operating in compliance with state and federal regulations.
Its securities are traded through its Alternative Trading System, operated by Figure Securities, Inc., which is a registered broker-dealer with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC).
It is an extra measure to help investors breathe easier when investing their hard-earned funds in a new company.
Listed Figure Markets crypto exchange assets
Investors can choose between six crypto options, including bitcoin, ethereum and uniswap, in addition to USDC. This makes its lineup extremely limited, especially compared to other top brokerage accounts from platforms like Robinhood, Interactive Brokers and tastytrade.
Figure Markets also offers the YLDS stablecoin, which is labeled as the world’s first yield-bearing stablecoin-security hybrid for US investors. You can earn up to SOFR-50 bps or approximately 3.85% APY, enabling you to receive returns while offering an alternative to fiat currency. YLDS is flexible, too — you can buy, send it to others or trade it for bitcoin.
All Figure Markets crypto assets
- Bitcoin (BTC)
- Ethereum (ETH)
- HASH (USD)
- USDC
- Chainlink (LINK)
- Uniswap (UNI)
- Solana (SOL)
How to sign up for Figure Markets
Signing up for an account with Figure Markets takes just a few quick steps.
- Download the app.
- Create an account.
- Back up your account to iCloud, if desired.
- Enter your personal information.
- Verify your identity using a state driver’s license, passport or state ID as part of the Know Your Customer (KYC) verification process.
After you submit your application, it could take up to one to three business days for your identity to be verified. Once approved, you will be prompted to fund your account with cash or crypto to begin trading.
Customer experience
| BBB accredited | No |
|---|---|
| Trustpilot score | 2.5 out of 5 stars, based on 5 customer reviews |
| App Store Score | 4.3 out of 5 stars, based on 111 customer reviews |
| Google Play Score | 4.3 out of 5 stars, based on 237 customer reviews |
| Customer reviews verified as of | 19 March 2026 |
As a newer exchange, Figure Markets has limited feedback so far, and what’s there is pretty mixed. Even though Trustpilot claims its score is 2.5 out of 5, all five reviews actually give it just one star. Customers complain about locked accounts and being unable to withdraw their funds. Figure Markets does not yet have a page on the Better Business Bureau, so it isn’t ranked or accredited there.
App reviews tell a different story, however. On both the Apple App Store and Google Play, Figure Markets scores a solid 4.3 out of 5. Feedback highlights the low fees, high APY and easy-to-navigate interface.
Compare Figure Markets to other platforms
Compare similar platforms by available asset types, trade fees and minimum deposit requirements. Select Go to site to sign up for an account.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
Frequently asked questions
Is Figure Markets legitimate?
Yes, Figure Markets is a legitimate platform. It was co-founded by Mike Cagney, the former CEO of SoFi and Figure Lending, and operates as a registered US-based cryptocurrency exchange. Its strongest credibility signal is launching the first SEC-approved, yield-bearing stablecoin (YLDS) in early 2025, setting it apart from competitors still navigating regulatory uncertainty. That said, it is still a newer platform that has yet to prove itself over the long haul.
What do figure markets do?
Figure Markets is a crypto platform that lets you trade, earn yield, and borrow against your assets while keeping full control of your funds through a self-custody MPC (multi-party computation) wallet setup. Key offerings include low-fee crypto trading, crypto-backed loans against BTC, ETH or SOL with no hard credit checks, and yield-earning products — including YLDS, the first SEC-registered, yield-bearing stablecoin.
Sources
Your reviews
Lena Finder
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