Wed Sep 18 03:30:34 UTC 2024: ## Figure Markets Launches Global Crypto Exchange with High-Yield Features

**Singapore, Singapore – September 18, 2024** – Figure Markets, a leading decentralized custody marketplace for digital assets, has unveiled its new global crypto exchange, offering users a range of competitive features and yield-earning opportunities.

The Cayman Islands-based exchange provides users with up to 8% annualized interest on cash and stablecoin balances through a unique yield sweep program. US users can also earn up to 3% annually on USD balances held at an FDIC-insured bank. This innovative offering is designed to maximize returns for users while minimizing trading friction.

“We are committed to providing users with the tools they need to trade, borrow, and invest on the platform while minimizing exchange risk,” said Mike Cagney, CEO and Co-Founder of Figure Markets. “This global expansion is a major milestone in our mission to democratize finance and level the playing field for all traders.”

The exchange also offers qualified members up to 5:1 margin and the ability to cross-collateralize their positions, allowing for increased flexibility and capital efficiency. Further leverage offerings, including perpetuals covering crypto, commodities, FX, and equities, are expected by year-end.

“We are excited to introduce this innovative feature that directly addresses the needs of our members,” said June Ou, President of Figure Markets. “By offering the ability to earn high returns on idle cash, we are empowering our traders to optimize their capital and enhance their overall trading experience.”

Figure Markets is backed by a strong consortium of venture capital firms and strategic partners, including Jump Crypto, Pantera, Distributed Global, and CMT Digital. The company aims to create a decentralized custody marketplace for various assets, including crypto, stocks, bonds, credit, and more.

“Figure Markets is putting its members in control of their assets and data, disintermediating legacy brokers, exchanges and lenders,” concluded Cagney.

For more information, visit http://www.figuremarkets.com.

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