Crypto-Backed Loan vs. Prime
Which one is right for you?
Deposit $500 → Get $50
Within 30 days. See disclosures Opens in a new window..
What is a Crypto-Backed Loan?
Figure’s crypto-backed loan allows you to put up crypto as collateral to access cash, while continuing to HODL. You can borrow up to 75% of the value of your crypto at a fixed interest rate of 8.91% (9.999% APR) at 50%2: Navigates to numbered disclaimer
What is Prime?
Prime is a decentralized lending marketplace that directly connects your crypto with borrowers seeking liquidity. Earn up to 8.5% with your assets3: Navigates to numbered disclaimer
Borrow with Crypto-Backed Loans
Secure funding
With protection against liquidation and margin calls when you sign up for liquidation protection.1: Navigates to numbered disclaimer
Decentralized wallet
See your Bitcoin, Ethereum, and Solana in a decentralized, segregated wallet!
Low trading fees
Free up cash to re-invest into more BTC, ETH, or SOL with low trading fees on Figure Markets.
Which one should you choose?
Choose a Crypto-Backed Loan if you want to get cash fast using crypto as collateral. Choose Prime if you want to earn up to 8.5%3: Navigates to numbered disclaimer yield backed by real-world assets.
| Figure Crypto-Backed Loan | Ledn* | Arch** | |
|---|---|---|---|
| Supported assets | BTC, ETH, SOL | BTC | BTC, ETH, SOL |
| Interest rates | 8.91% (9.999% APR)2: Navigates to numbered disclaimer @ 50% | 9.49% (11.49% APR) @ 50% | 9.00% (10.49% APR) @ 50% |
| Liquidation protection | Figure's Liquidation Protection is optional and available for an additional fee. More information available here. | ||
| Origination fee | 1%2: Navigates to numbered disclaimer | 2% admin fee | 1.49% |
| Custodian | Decentralized, MPC custody | BitGo | Anchorage |
| Term length | 1 year | 1 year | Up to 2 years |
| Restricted US states (retail) | DC, ID, IL, KY, MD, MS, SD, TX, VT, and VA | CA, CT, HI, LA, NV, ND, SD, TN, VT, WA, DC | CA, TX, IL, OH, VA, WA, TN, +13 others |
| Founded | 2018 | 2018 | 2022 |
- * ledn.io/
- ** archlending.com/
Chart based on 3rd party review conducted in July 2026. Figure does not control content from 3rd party sites.
3 easy steps to secure a Crypto-Backed Loan
- 1
Create your account
Download the Figure Markets App and complete registration to easily return to your application.
- 2
Send collateral
Deposit your BTC, ETH, or SOL as collateral into your decentralized custody Figure Markets wallet — your LTV depends on your crypto’s value.
- 3
Get funded
Receive cash or crypto into your Figure Markets account.
Earn with Prime
Set your rate
Set the rate you want to lend at, wait for the offer to match, and start earning yield.
Over-collateralized, on-chain
Every loan on Prime is 100% backed by crypto or real-world assets (RWA) securely locked on blockchain.
Hourly lending pools
Start earning immediately, adjust your rate hourly, and reinvest as often as you like; all with full on-chain transparency.
Why earn with Prime?4: Navigates to numbered disclaimer
Choose a Crypto-Backed Loan if you want to get cash fast using crypto as collateral. Choose Prime if you want to earn up to 8.5%3: Navigates to numbered disclaimer yield backed by real-world assets.
| Prime | Staking Crypto | Traditional Bank Deposit Products | |
|---|---|---|---|
| Rate | Variable, up to 8.5%3: Navigates to numbered disclaimer | Variable, up to 3.63% for top 3 coins (BTC, ETH, SOL)*
Higher rates available for memecoins | Fixed or Variable up to 4.24%** |
| Market volatility | Includes pools backed by Crypto, RWA, and Equity. | Crypto markets can be volatile, depending on the token. | Often come with FDIC-insured or NCUA-insured up to $250,000 per depositor. |
| Security | Robust security, including SOC 2 ISO 27001, and a 5-star customer service team to assist. | DeFi Protocols are prone to hacks and liquidations. Depending on the protocol, you could be on your own if you have an issue. | Bank-grade account and fund protection. Customer service team to assist. |
| Liquidity | Highly liquid with withdrawal within an hour | Subject to lock up periods | Depending on the vehicle. Some require long lockup times in exchange for higher rates. Typically ACH timelines are up to 5 days. |
| Currency | USD or Crypto | Crypto only | USD |
- * coinbase.com/earn
- ** bankrate.com/banking/savings/best-high-yield-interests-savings-accounts/
Rates available as of October 28, 2025
How lending works
- 1
Go to ‘Earn’ in the Figure Markets app
- 2
Choose your pool
You can set your own rate, pick what you want to lend, and what you’re lending against
- 3
Make your offer
Choose an offer you know will be matched instantly, or set an ambitious rate so your crypto won’t be lent unless you’re satisfied with the return
- 4
Once your offer gets matched, start earning hourly