Figure vs Nexo

Figure4.1/5

VS

Nexo3.2/5

Feature	FigureVisit	NexoVisit
Ratings
Our score	4.1/5	3.2/5
User rating	No reviews yet	No reviews yet
Rates	4.0	3.5
Security	4.5	3.0
Transparency	4.5	2.5
Flexibility	3.0	3.5
Support	4.0	4.0
Specs
KYC required	Yes	Yes
Products	Savings / earn, Crypto-backed loans	Savings / earn, Fixed-term deposits, Crypto-backed loans
Highest advertised APY	9%	15%
Max loan-to-value	50%	Not disclosed
Loan APR from	10%	2.9%
Supported assets	3	100
Available in	United States	Global
Proof of reserves	Not disclosed	No
Flexible (withdraw any time)	Not disclosed	Yes
Fixed terms	Yes	Yes
Auto-compounding	Not disclosed	Yes
Company
Founded	2018	2018
Headquarters	—	Switzerland
Investors	Not disclosed	Not disclosed
Strengths and weaknesses
Pros	Fixed 8.91% interest rate at 50% LTV for crypto loans Over $30B in total loan origination volume Underwriting for HELOC lines up to $750,000 approved in minutes Yields up to 9% through Democratized Prime lending	Flexible Savings has no lock-up and pays interest daily Supports more than 100 digital assets Transfers operate across 20+ blockchain networks Credit Line lets clients borrow without selling crypto
Cons	Mortgage and HELOC products are unavailable in New York State Digital asset collateral is restricted to BTC, ETH, and SOL Yield products carry counterparty exposure to borrower default and margin positions Mandatory KYC identity checks for all credit products	Deposits use centralized custody and transfer control to Nexo-controlled wallets No real-time on-chain proof of reserves Flexible interest requires a balance above $5,000 Fixed-term products lock assets for up to 12 months
Best for	Holders borrowing against BTC, ETH, or SOL, US homeowners needing fast HELOC funding, Real estate investors using rental income	Crypto savers with $5,000-plus, Borrowers using crypto collateral, Multi-chain asset holders

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