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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...

Coinbase

Coinbase

Coinbase is one of the most popular centralized crypto exchanges. In Feb. 2026, Coinbase added the option to earn USDC rewards in BTC (with require...

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General

Platform
Backpack logo
Coinbase logo
Founded
Backpack 2022
Coinbase 2012
Headquarters
Backpack Tokyo, Japan
Coinbase Wilmington, DE
Availability
Backpack Worldwide (lending unavailable in US, a few states restricted)
Coinbase 100+ countries

Fees & Financial

Bonus
Backpack
Coinbase
Token
Backpack
Coinbase
Compounding
Backpack Yes
Coinbase No
Payouts
Backpack
Coinbase Varies
Fees
Backpack
Coinbase Yes
Lockup
Backpack Unbonding period applies
Coinbase None
Maker Fee
Backpack 0.08
Coinbase 0.5
Taker Fee
Backpack 0.1
Coinbase 0.5

Cryptocurrency Rates

BTC Rate
Backpack 0.03%
Coinbase
BTC Max
Backpack
Coinbase
ETH Rate
Backpack 0.86%
Coinbase 1.89%
ETH Max
Backpack
Coinbase
Stablecoin Rate
Backpack
Coinbase 0%

Unique Pros

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

Key Cons

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

Unique Pros

  • Full exchange functionality
  • Popular, highly trusted
  • Publicly traded company

Key Cons