Figure Markets Review 2026: Fees, Pros, Cons, & Safety

Figure Markets Overview

What Is Figure Markets?

Figure Markets is a cryptocurrency and digital asset platform that allows users to hold, and transfer supported cryptocurrencies while maintaining a higher degree of control over their assets than is typically available on custodial exchanges.

The company positions itself as a marketplace that combines blockchain infrastructure with financial services, including:

• Self-custody digital wallets
• Crypto-backed lending
• Yield-generating investment opportunities
• Access to tokenized financial products (including the first blockchain-native equity issued, settled, and traded solely on blockchain rails)

The platform's long-term goal is to create a marketplace where digital assets and traditional financial products can operate on a common blockchain-based infrastructure.

Figure Markets uses something called multi-party computation (MPC) wallets.

That might sound technical, but the implication is simple – you’re the only one who can access your wallet, and there’s no single key that can be hacked or lost.

Figure Markets was created by the team behind Figure Technology Solutions, Inc. (along with its subsidiaries such as Figure Lending LLC, collectively “Figure”), a fintech company that launched in 2018.

Figure Markets Key Features

• Decentralized MPC wallet: By default, you stay in control of your crypto, at all times. Instead of handing over your crypto to Figure Markets, your private key is split into secure pieces and stored separately by the node providers to the MPC network.
• Crypto-backed loans: Borrow against your BTC or ETH with up to 75% loan-to-value. Keep your crypto while unlocking liquidity at 8.91% (9.999% APR) @ 50% LTV***.
• Democratized Prime: Lend crypto or cash against real world assets and earn up to ~7.78% APY*.

Figure Markets Fees

Crypto-Backed Loans come with interest rates starting at 8.91%. Your interest rates change depending on how much you borrow. (8.91% (9.999% APR) at 50% LTV or 11.50% (12.62% APR) up to 75%)***. Democratized Prime does not charge any fees for lenders in the RWA pools (Home Equity, Auto, SMB, etc.)

Our Expert Review of Figure Markets

Figure Markets gives you the best of both worlds – the security of DeFi with the smooth feel of a centralized exchange.

Here’s what it looked like from my point of view, when signing up and checking out the platform:

Signing up

Getting started with Figure Markets was super straightforward but heads up, you’ll need to sign up from your phone (yes, both iOS and Android are supported).

Currently, you can’t sign up from your desktop device.

Why? Mostly because the self-custody wallet setup is built for mobile. If you’re used to signing up for stuff on a laptop, it might feel like a bit of a switch.

But honestly, the process is slick. It felt more modern than clunky.

Since the platform deals with real money and crypto, I expected the KYC (identity check) to be slow or annoying. But it was actually fast.(identity check) to be slow or annoying. But it was actually fast.

Just a few basic details and a photo upload, and I was verified within about 2 minutes. Big win.

Once you’re set up, you can log in on desktop to get the large-screen experience and the way you log in is pretty cool:

Just scan a QR code on your desktop screen with the app on your phone, approve the login, and you’re in.

No passwords, no typing, and still totally secure.

It’s a small thing, but it makes the whole experience feel pretty damn smooth.

Decentralized MPC Wallets

When you sign up and complete KYC, you automatically get an decentralized MPC wallet.

This is where your crypto like $BTC, $ETH, and $YLDS will live.

Unlike other exchanges that hold your funds on your behalf, with Figure Markets, you’re always in control.

How? Your private key is split into pieces and stored securely across different places.

No one (not even Figure Markets) ever has full access to your crypto.

It’s way harder to hack, and there’s no seed phrase to memorize. If you lose your phone, you can still recover everything. It works like a normal wallet app, just more secure.

Figure Markets User Interface

The Figure Markets user interface is clean, simple, and easy to get the hang of. It’s pretty intuitive, whether you’re brand new to crypto or have been trading for years.

The mobile and desktop versions look almost identical, so it’s super easy to switch between them without getting lost.

It may be useful to note that while you signed up on mobile, you’ll get the most features out of the desktop interface.

On desktop, everything you need – like trading, lending, or earning – is laid out in a sidebar on the left.

Just one click gets you where you want to go, at any moment.

Earn Customized Yield (Democratized Prime)

Democratized Prime is Figure Markets’ lending marketplace that lets you earn up to 7.78%* yield by lending your crypto or stablecoins.

You choose the asset, set your minimum desired rate, and let Figure match you with borrowers.

They do this through Live Rate smart contract pools and you can pull out your funds anytime.

Put your crypto to work instead of having it sit idle by earning yield through their RWA pools like Automobile and Home Equity.

This is a first-of-its-kind feature for everyday users to earn from real-world assets.

Sound confusing for a crypto platform? Hang in there – it’s quite genius.

Here’s how it works:

Figure, the team behind the platform, issues Home Equity Lines of Credit (HELOCs). That is, loans where homeowners borrow against the value of their homes.

Instead of using banks to warehouse and finance these loans prior to securitizing them, Figure puts these loans on the purpose-built blockchain they developed called Provenance. This blockchain was specifically developed with the tokenization of real-world assets such as financial instruments (e.g., loans, securities, etc.) in mind.

You earn up to 7.78%* from the interest borrowers are paying. You'll still earn $YLDS’s base rate of 3.28% APY (as of 6/17/26), even when your funds aren't being used.

This makes lending your $YLDS a simple way to earn solid returns from low-risk, real-world assets.

Crypto-Backed Loans

If you need quick cash but don’t want to sell your $BTC or $ETH, Figure Markets lets you borrow stablecoins against your crypto.

That means you can keep holding your coins while still getting access to liquidity.

Here’s what the process looks like:

1. Set your terms: Pick how much you want to borrow and how much crypto you’ll use as collateral. (Figure Markets offers 50% and 75% LTV CBLs).
2. Review & sign: Read over the loan terms and sign the digital paperwork.
3. Send your crypto: Transfer your $BTC or $ETH into your decentralized MPC wallet to fund the loan.
4. Get your $USDC: The funds hit your Figure Markets account and are ready to withdraw.

You can borrow up to 75% of your crypto’s value depending on the terms***.

Just make sure that you account for any possible fluctuations in your collateral’s value…

After all, you probably chose this option to avoid selling your coins – so you’ll want to make sure you steer clear from liquidation. On the other hand, you have the option to use their Liquidation Protection† option to protect yourself from volatile price movements††.

Customer Service

If you ever get stuck or just want to dig deeper into how Figure Markets works, your first stop should be the Learn Page.

They've packed this section with clear, in-depth articles that cover everything from the basics (like how to fund your account or make a quick trade) to advanced topics. Margin trading, shorting, the ins and outs of Democratized Prime – you name it.

One-On-One Help

If you can’t find what you need on the Learn page, Figure Markets also offers fast, personal support.also offers fast, personal support.

When I sent a help request, I got a response within 37 minutes††. Not only was the reply decently quick, but it also included a clear explanation and a great alternative to the feature I was asking about.

If all else fails, it looks like there’s also customer service reachable by telephone, at 1-888-851-4883.

Who’s Figure Markets For?

• Crypto Investors Seeking Self-Custody: Figure Markets’ decentralized MPC wallet puts you in full control of your crypto. Your assets stay in your wallet, not on the exchange, which cuts down the risk of hacks or platform failures.
• Investors Looking for Steady Yield: With Democratized Prime, you can earn up to 7.78%* APY by lending against high-quality RWAs like Figure HELOCs. The same kind of loans that routinely receive AAA ratings in securitizations are sold to institutional investors. These institutional-grade and transparent options are ideal for anyone who wants to grow their holdings without chasing risky DeFi yields generated by token inflation and incentives.
• Borrowers Needing Quick Cash: If you’re holding $BTC or $ETH but need access to cash, Figure’s crypto-backed loans let you borrow up to 75%*** of your asset value, and approval usually happens the same day. It’s a simple way to get liquidity without having to sell.

Who’s it Not For?

• Altcoin Hunters:If you’re into trading a wide variety of new and exciting tokens, Figure Markets isn't the one.

Figure Markets Alternatives

Figure Markets vs. Coinbase

Figure Markets is for more advanced crypto users but super secure with its decentralized MPC wallet and yield-generating extras like Democratized Prime.

Coinbase is an easier choice for beginners, and has a wider range of assets available. The downside is that it has high fees and no self-custody, unless you use their Web3 wallet separately.

Figure’s low-fee trading makes it great if you’re already somewhat crypto-savvy, while Coinbase might be worth the extra cost for newbies.

Figure Markets vs Nexo

Figure Markets and Nexo both offer crypto lending and crypto-backed borrowing services.and Nexo both offer crypto lending and crypto-backed borrowing services.

Figure Markets emphasizes self-custody with decentralized MPC wallets, and also offers a unique difference in real-world asset-backed lending, within Democratized Prime (up to 9% APY via HELOCs).

Nexo is more tailored towards beginners, with a streamlined loan process, but it’s centralized, and holds your funds for you. It offers fiat currency loans, while fiat currency support is still on the way for Figure Markets.

Is Figure Markets Safe to Use?

When it comes to crypto holdings, Figure Markets starts off strong with its decentralized MPC wallets, which puts users’ crypto assets in self-custody by default.

Their Provenance blockchain also has a ton of assets secured on top, giving it a good foundation for credibility.

Of course, you’ll have to trust Figure Markets for some of the more centralized components of the platform.

So, here’s some background on the company, so you can decide for yourself:

When Was Figure Markets Founded?

Figure Markets was founded in 2024 by Mike Cagney and June Ou, spinning out from Figure Technologies. The companies recombined in 2025 as Figure Technology Solutions, Inc., prior to their successful IPO in September of 2025.

Despite Figure Markets itself being only recently founded, its parent company Figure has been around since 2018 with a solid track record.

Figure Markets is headquartered in San Francisco, with a global exchange in the Cayman Islands.

Who Has Invested in Figure Markets?

In March 2024, Figure Markets closed a $60 million Series A funding round led by a strong lineup of investors:

Pantera Capital, Jump Crypto, Faction, CMT Digital, and Ribbit Capital.

These names are all well-known in the crypto and fintech space, with deep experience in scaling blockchain-based platforms.

Final Thoughts On Figure Markets

Figure Markets stands out from many cryptocurrency platforms by combining self-custody wallet technology, crypto-backed borrowing, and blockchain-based investment opportunities within a single ecosystem.

The platform may be attractive for users who value greater control over their digital assets and want access to financial products beyond basic crypto trading.

At the same time, investors should recognize that cryptocurrency markets, lending products, and yield-generating investments carry meaningful risks. Anyone considering Figure Markets should review current terms, disclosures, and product documentation before committing capital.

Bottom Line

Figure Markets may be worth considering for investors interested in self-custody-focused digital asset services, but it is best evaluated as one option among several established crypto platforms rather than as a one-size-fits-all solution.

Figure Markets Frequently Asked Questions

Disclosures

Sources

Paid endorsement by Figure Technology Solutions, Inc. The information contained herein is not, and should not be construed as, an offer to sell or the solicitation of an offer to buy any securities. Consult a financial advisor before making any decisions.

*Rates or returns associated with Democratized Prime are not fixed or guaranteed and may vary based on pool composition, borrower performance, auction dynamics, and prevailing market conditions.

††This content is for informational purposes only and does not constitute legal or financial advice. This communication is not an offer to lend, extend credit, sell nor a solicitation of an offer to buy securities, tokens, or any digital assets.

©2026 Figure Lending LLC

Figure Lending LLC dba Figure 650 S. Tryon Street, 8th Floor, Charlotte, NC 28202. (888) 819-6388. NMLS ID 1717824. For licensing information go to www.nmlsconsumeraccess.org Equal Opportunity Lender.

This site is not authorized by the New York State Department of Financial Services. No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site.

©2026 Figure Markets 650 California, Suite 200 San Francisco CA 94108. For general customer support related to the Figure Markets platform, call (888) 851-4883

Prior to account opening, customers must read the relevant risk disclosure statements on our Disclosures page. System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.

Investing in cryptocurrencies involves significant risks. Cryptocurrency trading is not available in NY. Please click here for risk disclosures on investing and trading in cryptocurrencies.

Figure Payments Corporation offers self-directed investors and traders cryptocurrency services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. Figure Payments Corporation's NMLS ID number is 2033432, and is located at 100 West Liberty Street, Suite 600, Reno, NV., 89501. You can verify Figure Payments licensing status at the NMLS Consumer Access website. Click here for Figure Crypto's state license and regulatory disclosures.

Crypto-Backed Loan Availability (Only in select jurisdictions):**Crypto loans are offered to U.S. borrowers by Figure Lending LLC. This product is not available to U.S. residents of DC, ID, IL, KY, MD, MS, SD, TX, VT, or VA.

Crypto loans are offered through Figure Markets Credit LLC to residents of the state of New York and to international customers except in the following jurisdictions: Crimea (Ukraine), Donetsk (Ukraine), Luhansk (Ukraine), Afghanistan, Albania, Belarus, Central African Republic, Congo (the Democratic Republic), Cuba, Ethiopia, Haiti, Iran (Islamic Republic of), Iraq, Lebanon, Libya, Mali, Myanmar (Burma), Nicaragua, Nigeria, North Korea (Democratic People's Republic of), Pakistan, Palestine (State of), Russia, Somalia, South Sudan, Sudan, Syria, Ukraine, Venezuela, Yemen, or Zimbabwe.

***Maximum APR: 12.62% APR (APR includes interest plus applicable fees such as the 1% origination fee). Available interest rates for Figure's Crypto-Backed Loan are 8.91% (9.999% APR) at 50% LTV or 11.50% (12.62% APR) up to 75%.

Representative Example (Total Cost): As an example, a borrower receives a Crypto Backed Loan at 50% LTV of $10,000 for a term of 12 months, with an interest rate of 8.91% and a 1% origination fee of $100, for an APR of 9.999%. In this example, the borrower will receive $10,000 and will make 12 monthly payments of $74.25. Rates will be higher for applications secured by assets with a higher LTV ratio. The Figure Crypto-Backed Loan has a 12 month interest-only repayment term and allows for a maximum initial LTV ratio of 75%. Interest rates change frequently so your exact interest rate will depend on the date you apply and may depend on many factors such as LTV ratio.

† Liquidations will still occur if the loan becomes delinquent. Liquidation Protection applies only to margin calls and liquidations related to price declines, not to missed payments, defaults, or violations of loan terms. Liquidation protection is only available in CA, NY, FL, PA, AL, AK, GA, HI, MA, UT. More information about liquidation protection can be found here.

Crypto borrowing is generally non-taxable, but liquidation triggers an IRS taxable sale. Not tax advice; consult a CPA.

*Figure Markets Holdings, Inc. (“Figure Markets”), may provide users the ability to access one or more decentralized protocols using a native interface inside the Figure Markets mobile application or Figure Markets websites (collectively with the mobile application a “Figure Site”) (each, a “Decentralized Protocol Integration”). Figure developed the Decentralized Protocol Integrations Terms of Service to describe the terms that govern your use of any Decentralized Protocol Integration (e.g., Democratized Prime Smart Contracts), and by using any Decentralized Protocol Integration, you agree to be bound by the Decentralized Protocol Integration Terms of Service. Democratized Prime involves substantial market, collateral, liquidity, blockchain, smart contract, and operational risks, including the potential loss of principal or collateral. Rates are dynamic and may change at any time. Before participating in a live-rate pool on Democratized Prime, a user must agree to the Democratized Prime General Terms and Conditions 5.8.26 and the Democratized Prime Smart Contract Addendum. Figure Markets solely provides the platform infrastructure and does not guarantee repayment, liquidity, rates, or transaction execution. More information available at figuremarkets.com/disclosures

Investment products: Not FDIC Insured, No Bank Guarantee, May Lose Value.

YLDS Stablecoins are unsecured face-amount certificates and solely backed by the assets of Figure Certificate Company (FCC), who is the issuer of the certificates. As a subsidiary of Figure Markets Holdings, Inc., FCC is (absent exclusion or exemption) required to comply with certain limits on its activity, including investment and/or trading limitations on its portfolio and other limitations under applicable banking and securities laws. FCC is not a bank, and the securities it offers are not deposits or obligations of, or backed or guaranteed or endorsed by, any bank or financial institution, nor are they insured by the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board or any other agency. The Certificates are not an insurance company product, an equity investment, FCC’s qualified assets on deposit may exceed the deposit amounts required by applicable regulations. If there are losses on FCC’s assets, FCC may not have sufficient resources to meet its obligations, including making interest and/or principal payments on your certificates. Most of FCC's assets are debt securities and are subject to risks including credit risk, interest rate risk and prepayment and extension risk. You could lose money by investing in the Stablecoin. Although the Stablecoins seeks to preserve the value of your investment at $0.01 per share, it cannot guarantee it will do so. You should consider the investment objectives, risks, charges and expenses of certificates carefully before investing. Download a free prospectus, which contains this and other important information about our certificates. Read the prospectus carefully before you invest. Figure Certificate Company Prospectus available Here

Figure Markets Ireland Limited (Figure Markets Ireland) is a private limited company whose registered office at 33 Sir John Rogerson's Quay, Dublin 2, D02 XK09. Company registration number 753781. Figure Markets Ireland is registered and supervised by the Central Bank of Ireland for Anti-Money Laundering and Countering the Financing of Terrorism purposes only (C528839)

Figure Lending, LLC, Figure Payments Corporation, Figure Markets Credit LLC, Figure Certificate Company and Figure Markets, Inc. are each wholly owned subsidiaries of Figure Technology Solutions, Inc. Products and services of all of these entities are offered under the Figure Markets brand. NOTE FOR INVESTORS: When applying for, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here Opens in a new window. for further important information explaining what this means.