Figure Markets vs Nexo

Figure Markets

Nexo

CURRENCIES

Bitcoin (BTC)

✅

✅

Ethereum (ETH)

✅

✅

Solana (SOL)

❌

✅

Litecoin (LTC)

❌

✅

Ripple (XRP)

❌

✅

DOGE (DOGE)

❌

✅

SECURITY

Custody Partner

Self-custody through Multi-Party Computation (MPC) technology; private keys are distributed across a decentralized network

Ledger Vault + Firebloks

Encryption for data

Not specified

ISO 27001: Information Security Management

ISO 27017: Cloud Security

ISO 27018: Cloud Privacy and Protection of Personally Identifiable Information

2FA

Supported; clients are encouraged to enable two-factor authentication as a secure practice

SMS verifications, email verifications, authenticator app support

Headquartered

650 California Ste 2700, San Francisco, California, 94108, United States

Zug, Switzerland, at 15 Grafenaustrasse

Collateral Management

No rehypothecation (they don't lend out borrower collateral); assets held in MPC wallets with distributed private key shards

Ledger Vault: Leverages hardware security modules (HSMs) and multi-signature protocols to safeguard private keys.

Fireblocks: Utilizes MPC-CMP (Multi-Party Computation with Key Management) technology to eliminate single points of failure.

Bakkt: Offers regulated custody through its Bakkt Warehouse, combining warm and cold storage tiers.

INTEREST RATES AND FEES

Annual Interest rates

9.90% (11.00% APR) at 50% LTV

OR

11.50% (12.62% APR) up to 75%

18.9%, 30% LTV if you don't hold NEXO tokens

2.9%, 20% LTV, total portfolio must be at least $5,000, AND at least 10% of your total portfolio value must be held in NEXO tokens.

If portfolio drops below $5000, you have 7 days to add more before interest rate jumps back up to 18.9%

Loan-to-value ratio

BTC: 55%

ETH: 55%

BTC: 50%

ETH: 50%

SOL: 30%

XRP: 30%

LTC: 30%

DOGE: 30%

Margin Calls

70%

#1: 71.4% LTV

#2: 74.1% LTV

#3: 76.9% LTV

Grace Period to add Collateral

24 hours

Instant loan repayment to maintain a healthy LTV ratio

Liquidation Fees

1.50%

No liquidation fees, but a flat 0.26% fee applies to all crypto repayments (excluding fiat and stablecoins)

Liquidation LTV

85%

83.33%

Origination Fees

1%

0%

Late Repayment Fees

1.50%

No late repayment fees, but a flat 0.26% fee applies to all crypto repayments (excluding fiat and stablecoins)

Loan Disbursement Duration

Same-day approval (terms and conditions may apply)

Within 24 hours of receiving collateral

Repayment Options

USD or USDC

Repayments can be made in either fiat or USD and crypto

Early Repayment Penalties

No prepayment fees

No fees or penalties

Fixed Term

3 months

12-months

Number of active loans

No limit

No limit

Minimum loan amount

$5,000 for domestic borrowers; no minimum for international borrowers

$50 if in stablecoins

$500 if fiat

CUSTOMER SERVICE

Call Hotline

✅

✅

Email

❌

✅

SMS

✅

✅