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Figure Markets vs Phemex

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

Figure Markets

Figure Markets

Figure Markets offers two distinct ways to earn: YLDS, an interest-bearing digital security designed to maintain a stable value, and Democratized Prim...

Score4.0
Visit SiteReview
VS
Phemex

Phemex

Phemex offers Flexible Savings and a separate lending pool where supplied assets earn interest from borrowers. Flexible Savings can be redeemed withou...

Score4.3
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General

Platform
Figure Marketslogo
Phemexlogo
Founded
Figure Markets2018
Phemex2019
Headquarters
Figure MarketsSan Francisco, CA
PhemexSingapore
Availability
Figure MarketsWorldwide
PhemexRestricted in the U.S., UK, Australia and other listed jurisdictions; Canadian restrictions include Ontario, Quebec, Alberta and Saskatchewan.

Fees & Financial

Bonus
Figure Markets$50 bonus when you deposit $500 within 30 days
Phemex$20 bonus
Token
Figure MarketsYLDS
Phemex
Compounding
Figure MarketsYes
PhemexNo
Payouts
Figure MarketsMonthly
Phemex
Fees
Figure Markets
Phemex
Lockup
Figure Markets
Phemex
Maker Fee
Figure Markets
Phemex0.1
Taker Fee
Figure Markets
Phemex0.1

Cryptocurrency Rates

BTC Rate
Figure Markets
Phemex1%
BTC Max
Figure Markets
Phemex3%
ETH Rate
Figure Markets1%
Phemex1.5%
ETH Max
Figure Markets
Phemex3%
Stablecoin Rate
Figure Markets3.85%
Phemex2%

Figure Markets

Review

Pros

  • Offers two differentiated yield models: an SEC-registered interest-bearing digital security and collateralized lending pools.
  • Democratized Prime shows pool rates, utilization, collateral, and available liquidity, and does not charge lender fees.

Cons

  • Exiting a lending pool depends on available liquidity and can require waiting for another lender to enter.
  • YLDS is an unsecured investment security without FDIC insurance or a bank guarantee; SEC registration is not SEC approval.

Phemex

Review

Pros

  • Flexible Savings permits redemption without a lockups
  • Auto-Transfer can allocate eligible idle balances automatically

Cons

  • KYC is required
  • Phemex does not serve U.S. customers