Curve Review (October 2026): Fees, US States and Licenses

Best for: Stablecoin swaps

5.0/10

US access 20%9.0
Regulation 20%3.0
Security record 15%6.0
Cost 15%5.0
Range 10%4.5
Popularity 15%1.0
Data quality 5%7.0

By Vahe Hakobyan Verified October 5, 2026 Medium confidence No affiliate links

Taker fee— Not verified
US states— Not verified
New York— Not verified
Coins— Not verified
CustodyNon-custodial
App Store— Not verified

Our verdict

Curve is a decentralized exchange focused on stablecoins and similar assets; its website is run by Swiss Stake AG of Zug, Switzerland. The same site offers the crvUSD stablecoin and Llamalend lending markets. DefiLlama showed about $1.29 billion in DEX TVL, mostly on Ethereum, and $3.04 billion in 30-day volume on October 5, 2026.

Pros

$1.29 billion DEX TVL per DefiLlama
Audits by ChainSecurity, MixBytes, StateMind and Quantstamp
Terms exclude sanctioned countries, not US persons

Cons

About $61.7 million lost in July 2023 exploit
Terms reserve the right to geo-restrict access
Pool fee levels not confirmed from official pages

Curve fees

Maker / taker: — Not verified
Simple buy: — Not verified
ACH deposit: — Not verified
Wire deposit: — Not verified
Card purchase: — Not verified
USD withdrawal: — Not verified
Crypto withdrawal: Network (gas) fee only; funds stay in the user's wallet
Minimum deposit: — Not verified

Is Curve available in my state?

Curve's website terms (Swiss Stake AG) exclude persons under UN, US, EU or Swiss sanctions and SECO-embargoed countries; the United States is not on the list (read 2026-10-05).

The list of states this platform serves is not verified yet.

New York: — Not verified
ID check (KYC): No
Withdraw crypto: Yes
Funding: Crypto

Is Curve regulated?

US operator: Swiss Stake AG (website operator)
Parent company: — Not verified
State licenses: — Not verified
New York license: — Not verified
Founded: — Not verified
Headquarters: Zug, Switzerland

How secure is Curve?

Proof of reserves: N/A (non-custodial)
Audits: ChainSecurity, MixBytes, StateMind, Quantstamp
Insurance: — Not verified

Incidents since 2019

2023exploitJuly 30, 2023: Vyper compiler reentrancy bug exploited in several Curve pools, about $61.7 million lost, per DefiLlama.
2022hackAug 9, 2022: DNS hijack of the Curve front end, about $575,000 taken, recorded as returned by DefiLlama.
2026exploitMarch 2026: donation attack on a Llamalend market, about $240,000 lost, per DefiLlama.

Crypto held on a platform is not covered by FDIC or SIPC insurance.

What you can do on Curve

Spot
Earn
Lending

Same website covers the DEX, crvUSD, scrvUSD savings and Llamalend lending markets (legal disclaimer tabs).

Apps: Web
Support: — Not verified

Curve FAQ

Is Curve regulated in the US?

US customers are served by Swiss Stake AG (website operator).

Can I withdraw crypto from Curve to my own wallet?

Yes. Curve lets US users send crypto to an external wallet.

Does Curve require ID verification?

No account or ID check is needed for on-chain swaps on Curve.

Alternatives to Curve

Not financial advice. Crypto prices are volatile and you can lose everything you put in. World-Crypt earns nothing from the platforms reviewed here.