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Figure Markets vs Backpack

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

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
VS
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

General

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

Fees & Financial

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

Cryptocurrency Rates

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

Figure Markets

Review

Pros

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

Cons

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

Backpack

Review

Pros

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

Cons

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