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

Our verdict

Figure Markets is the crypto exchange of Figure Technology Solutions (NASDAQ: FIGR). Users trade from a self-custody wallet secured by multi-party computation, and can hold YLDS, a yield-bearing stablecoin registered with the SEC as a security, lend through Democratized Prime, or take crypto-backed loans. Crypto trading is not available in New York, the asset list is short, and no public trading-fee schedule was found.

Figure Markets fees

Maker / taker

— Not verified

Simple buy

Fee shown in dollars and percent on the order preview screen; no public rate published

Volume tiers

No public schedule found: the help article (updated Sept. 1, 2026) says the fee is shown on the order preview screen. Third-party reviews conflict (0.1% maker/taker vs. a zero-fee promotion)

ACH deposit

— Not verified

Wire deposit

— Not verified

Card purchase

— Not verified

USD withdrawal

ACH or wire; fee not stated; limits $25,000 per 24 hours (ACH), $50,000 per day (wire)

Crypto withdrawal

— Not verified

Minimum deposit

— Not verified

Is Figure Markets available in my state?

Open to US residents through its mobile app; the account-opening guide (updated Sept. 3, 2026) says cryptocurrency trading is not available in New York.

• AL available
• AK available
• AZ available
• AR available
• CA available
• CO available
• CT available
• DE available
• DC available
• FL available
• GA available
• HI available
• ID available
• IL available
• IN available
• IA available
• KS available
• KY available
• LA available
• ME available
• MD available
• MA available
• MI available
• MN available
• MS available
• MO available
• MT available
• NE available
• NV available
• NH available
• NJ available
• NM available
• NY not available
• NC available
• ND available
• OH available
• OK available
• OR available
• PA available
• RI available
• SC available
• SD available
• TN available
• TX available
• UT available
• VT available
• VA available
• WA available
• WV available
• WI available
• WY available

New York is the only state named as excluded for crypto trading; the official licenses page did not load, so other exclusions cannot be ruled out. Crypto-backed loans are not offered in DC, ID, IL, KY, MD, MS, SD, TX, VT or VA.

New York

No

ID check (KYC)

Yes

Withdraw crypto

Yes

Funding

ACH, Wire, Crypto

Is Figure Markets regulated?

• FinCEN MSB
• NMLS 2033432
• SEC / FINRA
• NASDAQ: FIGR

US operator

Figure Markets, Inc.; money transmission via Figure Payments Corporation

Parent company

Figure Technology Solutions, Inc. (NASDAQ: FIGR)

State licenses

Figure Payments Corporation (NMLS #2033432, Reno, NV) handles payments; Figure Lending LLC (NMLS #1717824) makes loans; state-by-state license list not verified

New York license

None

SEC / FINRA

Figure Securities, Inc. is a FINRA-member broker-dealer (SIPC); Figure Certificate Company issues YLDS, registered with the SEC as a security; Figure Investment Advisors LLC

Founded

— Not verified

Headquarters

— Not verified

How secure is Figure Markets?

Proof of reserves

— Not verified

Audits

— Not verified

Insurance

Figure Securities, Inc. is a SIPC member (securities coverage up to $500,000); no insurance for crypto balances is stated

Incidents since 2019

None found in the sources checked.

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

What you can do on Figure Markets

• Spot
• Advanced trading
• Margin
• Earn
• Lending
• Self-custody wallet

Account opening requires the mobile app. Products include the Pro Trade exchange, YLDS, Democratized Prime lending pools, crypto-backed loans and margin loans. OPEN (Onchain Public Equity Network) is a separate venue for blockchain-registered public equity.

Apps

Web, iOS, Android

Support

Phone, Email, Help center