Figure Markets Review 2025

Figure Markets Review

Figure Markets is built on the idea that users should always control their assets. Instead of holding your funds in a centralized wallet, you manage them directly through self-custody.

The platform removes trading fees entirely and skips the typical hidden spreads found elsewhere. But it doesn’t stop at trading. Figure Markets combines professional-grade tools, lending products, and yield opportunities to create a more complete experience for casual and advanced users.

Users can earn passive returns on idle stablecoins, access crypto-backed loans with flexible terms, or trade confidently, knowing their assets remain under their control. The goal is to merge decentralized finance’s control with a centralized platform’s usability without sacrificing security or transparency. Figure Markets skips the typical complexity of legacy exchanges, focusing on usability from the start. On that note, new users also have an incentive to test the waters, with a $50 reward for completing their first $100 in deposits and trades within the first 14 days.

As a newer player in the market, Figure Markets focuses on building an efficient, feature-first experience from the start.

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Core Features

Self-Custody as Default

Figure Markets puts self-custody at the center of its platform. When you create an account, your assets stay controlled through an MPC wallet system. Private keys are split and held across multiple parties, meaning no single entity can access your funds, not even Figure Markets. This approach protects users against platform failure or misuse and removes the risks of traditional custodial exchanges.

Zero Trading Fees

There are no trading fees on Figure Markets. You pay exactly what the market price shows, with no hidden spreads or surprise costs at checkout. While most exchanges add a quiet markup on trades, Figure keeps the process transparent. Every trade is executed at the best market price, giving users full value without gimmicks.

Pro Trading Tools

Figure Markets offers users a complete pro trading interface beyond simple buy-and-sell functions. The platform includes advanced charting, order books, and multiple order types like limit and stop-limit. Traders can monitor market depth, track real-time order flow, and set execution preferences to match their strategy. Whether you’re making fast moves or planning longer-term trades, the tools are designed for precision.

Speed & Ease of Use

Account setup on Figure Markets is fast. KYC is straightforward, and funding your account takes only a few steps. U.S. customers can use ACH or wire transfers, while international users can deposit with USDC. Once funds are in, you can start trading immediately. The platform runs on an efficient off-chain matching engine, keeping the trading experience fast and responsive across web and mobile.

Security Approach

Figure Markets is built around self-custody, using multi-party computation (MPC) to secure user assets. Private keys are split into fragments and distributed across multiple hosts, which means no single party, not even the platform itself, can move your funds.

This setup removes the typical risks of centralized custody. Even in a system failure, users retain access to their assets. Transactions require multiple approvals, and there’s no single point of failure. By design, Figure Markets keeps control in the hands of the user at all times.

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Yield & Earning Opportunities

Forward Vault

Forward Vault turns idle stablecoins into an income stream. By depositing USD or USDC, users can earn up to 8% APY, with funds automatically swept into a portfolio backed by U.S. home equity loans. There’s no lock-up period, and liquidity is available daily, so you can access your funds whenever needed. The yield comes from real-world assets, giving a level of stability rare in crypto-native products.

YLDS Token

YLDS is a yield-bearing stablecoin registered with the SEC. It pays interest daily, calculated at the SOFR rate minus 0.50%, and pays monthly in YLDS. You can buy or sell YLDS directly on Figure Markets, transfer it peer-to-peer, or off-ramp to fiat during U.S. banking hours. It works like a traditional fixed-income product but lives on the blockchain, giving users a familiar way to earn passive income in a crypto environment.

Introducing the first-ever new type of SEC-regulated, yield-bearing stablecoin that is transferable: $YLDS

✅Yield variable at SOFR minus 50bps (current ~3.85%)
✅No staking or lockups
✅Buy/sell 24×7

It’s time for real assets with real value. pic.twitter.com/Yuw7igB79x

— Figure Markets (@FigureMarkets) February 21, 2025

P2Prime Lending

P2Prime connects lenders and borrowers through a Dutch auction system. Lenders set the minimum rate they’re willing to accept, and borrowers compete for available funds. Even if you set a lower rate, you receive the highest matched rate in the auction. Loan terms run hourly, and Figure Markets manages collateral and repayments automatically. Assets not in use can be withdrawn at any time, keeping your capital flexible.

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Crypto-Backed Loans

Figure Markets offers crypto-backed loans without the usual challenges. There’s no credit check, and approval is often completed on the same day. Users can borrow against Bitcoin or Ethereum with loan-to-value ratios reaching up to 90%, making it one of the more aggressive lending offers in the market.

The platform keeps repayment flexible. Loans run on a 3-month term, with the option to make monthly interest-only payments or defer interest until the end of the term. There are no prepayment penalties, so you can repay quickly and free up your collateral early.

Figure Markets also provides an integrated loan calculator showing how much you can borrow based on your crypto holdings. As prices fluctuate, you can adjust your collateral to manage your loan health and avoid liquidation triggers.

Access crypto-backed loans

Margin Trading & Short Selling

Figure Markets gives traders up to 5x leverage through its margin trading system. Borrowing works hourly, with rates determined by a Dutch auction that balances borrower demand with available supply. When you place a margin trade, the platform secures a loan for you, which renews automatically at the top of each hour until it’s repaid.

Risk management is built into the system. Users must monitor their Loan-to-Value (LTV) ratio closely to avoid liquidation. If your LTV approaches 90%, the platform will automatically sell assets to bring it back under control. Idle funds in your account go toward repaying margin loans, helping you stay ahead of interest accrual.

Short-selling is available for Bitcoin, Ethereum, and Solana. Once margin trading is enabled, you can borrow and sell these assets to repurchase them at a lower price. The same hourly loan cycle and risk controls apply, keeping the experience consistent across leveraged strategies. Interest rates for borrowed assets follow the Dutch auction model, giving transparency to costs with every trade.

Expansion Potential

Figure Markets currently support Bitcoin, Ethereum, USDC, Solana, Chainlink, and HASH trading. While the selection is tight, the platform focuses on delivering depth over quantity at this early stage.

What sets it apart is the inclusion of tokenized assets beyond standard crypto pairs. Users can trade FTX claims and invest in closed-end funds, adding variety beyond typical exchange offerings.

Expansion is already on the roadmap. Figure Markets plans to extend its product range to include stocks, bonds, and a broader selection of cryptocurrencies. The goal is to create an “exchange for everything,” combining crypto markets with traditional financial products under one self-custodial platform.

UX & Flow

Figure Markets keeps the user experience straightforward across both web and mobile platforms. Account setup is fast, and the interface is clean, making it easy to navigate whether you’re trading casually or using advanced features.

The Quick Buy and Sell flow allows users to place orders directly from their cash balance, linked bank account, or crypto wallet without delays. There’s no spread manipulation baked into the pricing. You get the actual market rate at the time your order is placed. Estimated amounts are shown clearly before execution, but the final trade always reflects the best price.

The Pro interface offers a full suite of trading tools for more advanced users. Real-time charts, market depth visuals, and flexible order types give you control over every trade. The platform avoids clutter, focusing instead on speed, transparency, and straightforward execution.

User Profile: Who is Figure Markets For?

Figure Markets is built for users who want complete control over their crypto. Self-custody is the default, making it a clear choice for anyone looking to keep their assets out of centralized hands.

It also appeals to yield seekers. Between Forward Vault, the YLDS token, and P2Prime lending, users have several ways to put idle funds to work and earn passive income.

Active traders will find value in the platform’s pro tools. With advanced order types, real-time data, and transparent pricing, Figure Markets delivers a trading experience without hidden fees or markups.

Finally, it’s a solid option for crypto borrowers. Users can unlock liquidity without giving up ownership of their assets, borrowing against Bitcoin or Ethereum with flexible terms and no credit checks.

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