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Figure Markets
Backpack

Backpack

Backpack Exchange, is a fully regulated cryptocurrency exchange built by the team behind the Solana-native Backpack Wallet and the Mad Lads NFT collec...

Bitfinex

Bitfinex

Bitfinex offers two unique products to earn yield on deposited crypto.Bitfinex Lending Pro is a crypto lending offering that pays variable rates on yo...

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General

Platform
Backpack logo
Bitfinex logo
Founded
Backpack 2022
Bitfinex 2012
Headquarters
Backpack Tokyo, Japan
Bitfinex British Virgin Islands
Availability
Backpack Worldwide (lending unavailable in US, a few states restricted)
Bitfinex Worldwide, excluding US

Fees & Financial

Bonus
Backpack
Bitfinex 6% discount on fees
Token
Backpack
Bitfinex
Compounding
Backpack Yes
Bitfinex No
Payouts
Backpack
Bitfinex Weekly
Fees
Backpack
Bitfinex Yes
Lockup
Backpack Unbonding period applies
Bitfinex
Maker Fee
Backpack 0.08
Bitfinex 0.1
Taker Fee
Backpack 0.1
Bitfinex 0.2

Cryptocurrency Rates

BTC Rate
Backpack 0.03%
Bitfinex 1.98%
BTC Max
Backpack
Bitfinex
ETH Rate
Backpack 0.24%
Bitfinex 1.45%
ETH Max
Backpack
Bitfinex
Stablecoin Rate
Backpack
Bitfinex

Backpack

Review →

Pros

  • Fully regulated in multiple jurisdictions
  • Solana-native with strong ecosystem

Cons

  • Lending rates are dynamic and can be low
  • Newer platform

Bitfinex

Review →

Pros

  • Long running exchange

Cons

  • Rates variable upon market