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Backpack vs Figure Markets

Compare rates, fees, access, and key features side by side.

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...

CIR score3.9
VS
Figure Markets

Figure Markets

Figure Markets is a U.S.-based crypto platform focused on earning yield through real-world assets (RWAs) rather than traditional DeFi strategies. The ...

CIR score4.0

General

Platform
Backpacklogo
Figure Marketslogo
Founded
Backpack2022
Figure Markets2018
Headquarters
BackpackTokyo, Japan
Figure MarketsSan Francisco, CA
Availability
BackpackWorldwide (lending unavailable in US, a few states restricted)
Figure MarketsWorldwide

Fees & Financial

Bonus
Backpack
Figure Markets$50 bonus when you deposit $500 within 30 days
Token
Backpack
Figure MarketsYLDS
Compounding
BackpackYes
Figure MarketsYes
Payouts
Backpack
Figure MarketsMonthly
Fees
Backpack
Figure Markets
Lockup
BackpackUnbonding period applies
Figure Markets
Maker Fee
Backpack0.08
Figure Markets
Taker Fee
Backpack0.1
Figure Markets

Cryptocurrency Rates

BTC Rate
Backpack0.03%
Figure Markets
BTC Max
Backpack
Figure Markets
ETH Rate
Backpack0.24%
Figure Markets1%
ETH Max
Backpack
Figure Markets
Stablecoin Rate
Backpack
Figure Markets3.85%

Backpack

Review

Pros

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

Cons

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

Figure Markets

Review

Pros

  • First SEC-approved interest-bearing stablecoin (YLDS)
  • Regulated and transparent

Cons

  • Product is more complicated (i.e. a direct marketplace)