Best Crypto Prop Firms in 2026

What Are Crypto Prop Firms

A prop (proprietary trading) firm lets you trade with the firm's capital instead of your own, in exchange for a share of the profits. You pay an upfront fee to attempt an evaluation. If you pass, you move to a "funded" account and start earning performance-based payouts.

Simulated Capital, Real Hedging

Here's the part that surprises a lot of traders: at nearly every firm in this space, including some of the largest, that funded account still runs on simulated or notionally-calculated capital, not a live brokerage deposit. TradeXProp calls its funded capital "notional." Bitfunded's own name for the post-evaluation stage is "Live Simulated Account." Even Breakout Prop, now owned by Kraken with its market data and connectivity tied to Kraken's exchange, states plainly that "all trading account balances consist entirely of simulated capital."

That doesn't mean your trades disappear into a void. When you open a position on a funded account, the firm can choose to mirror, or hedge, that same position on a real exchange using its own capital. If you're up $500 on a notional balance, the firm can hold a matching real position that's also up $500, so your payout is covered by an actual market gain rather than paid purely out of pocket. 

Whether or how consistently a given firm actually does this varies, and most don't publish real-time proof either way, but the mechanism is what allows a firm to offer "funded" trading without holding a segregated real-money account for every single trader.

What to Consider When Choosing a Crypto Prop Firm

Every prop firm promises a funded account and a share of the profits after you pass the evaluation. The rules behind that promise are what decide whether you can realistically pass, keep trading, and when you get paid. Two firms with the same profit split can feel completely different once you read how drawdown is measured or when payouts are released.

Here’s a quick look at the key factors when selecting a crypto prop firm, and why they matters:

Comparison Table of Crypto Prop Firms

HyroTrader: Real Exchange Execution with Verifiable On-Chain Payouts

This section is brought to you by HyroTrader.

HyroTrader launched in Prague in 2023 with a specific angle: that crypto traders deserved infrastructure built for crypto, not a forex platform with some coins bolted on. It became the first crypto prop firm to integrate directly with a major exchange, replacing the standard MT5/cTrader model with real Bybit order-book pricing and execution via API.

Crypto coverage: You get access to over 700 tradable pairs through Bybit and HyroTrader's own Hyro platform, or 80+ through BloFin, and leverage runs up to 1:100 (1:150 on BTC/ETH on BloFin). CLEO is no longer offered for new challenges. Trading pairs, price feeds, and order execution all come from the exchange itself, not a proprietary simulation layer standing in for one. 

The evaluation phase uses simulated data like the rest of the prop firms on this list, but what happens after you pass is where HyroTrader diverges: passing evaluation moves you to a simulated funded account (same as every other firm), and you become eligible for real capital after consistent performance and meeting a minimum profit target of 10% in the One Step Challenge.

Key features: Profit splits start at 80% and scale to 90%. On One-Step and Two-Step challenges the entry payment is a Refundable Challenge Deposit, returned with the first payout. The Zero-Step fee is non-refundable. Payouts are on-demand and processed in roughly 24 hours, paid in USDT or USDC, and payouts sent on Solana are published with public transaction IDs on hyrotrader.com/transparency and can be verified independently on-chain, a concrete answer to a problem that's common across this industry, where payout claims are typically self-reported and impossible for an outside trader to check. 

HyroTrader's Zero-Step evaluation is their fastest challenge. It has only one phase, a 10% profit target, one minimum trading day, and no verification phase. 

Account sizes range from $5,000 to $200,000, and total funded capital per trader goes up to $200,000. Bot and algorithmic strategies are permitted without restriction, and a free trial lets you test the evaluation environment before paying anything.

Track Record: HyroTrader launched in 2023, so its track record and review volume are still smaller than long-established multi-asset firms like FTMO. That said, since launch, it has paid out more than $8 million to over 1,700 funded traders, with a community of  over 35,000-plus.

Mubite: Instant Funding, Configurable Challenges, Honest Spreads and High Leverage

This section is brought to you by Mubite.

Mubite is a crypto-native prop trading firm founded in 2024 by Vojtěch Ryp and Petr Andreas, both crypto traders themselves. They built the platform after running into the same problem repeatedly: most prop firms were designed for forex and adapted to crypto later, carrying over rules built for a market that closes. Traders were penalized for holding over the weekend or trading through major news, when crypto moves most. Mubite was built around the market as it actually behaves: open 24/7. Since launch, the firm has grown to 45,000+ registered traders and paid out more than $8 million to 3,700 funded traders.

Crypto coverage: Mubite offers over 1,000 crypto pairs through its direct Bybit integration, alongside the CLEO terminal, which runs on Binance market data. Price feeds come straight from the exchanges, so spreads are set by the market rather than the firm, with no markups or adjustments. Beyond crypto, traders can access tokenized commodities and stocks, with leverage of up to 1:100 on select pairs.

Key features: Rather than selling fixed evaluation packages, Mubite lets traders build their own. The profit split starts at 80% and can be raised to 90% through optional add-ons, and the drawdown allowance, profit target, and minimum trading days can be adjusted on top of the base fee. Some rules stay fixed for everyone: on One-Step and Two-Step evaluations, maximum drawdown is static rather than trailing, anchored to the starting balance for the life of the account, and challenge fees for Two-Step challenge are fully refundable with your first payout. Positions can be held over weekends and through news events, and payouts are processed on-demand or bi-weekly, in roughly 24 hours, in USDC or bank transfers. Account sizes range from $1,250 to $200,000, with scaling up to $1,000,000 depending on performance.

Instant Funding: Mubite is one of the few crypto-native prop firms to offer Instant Funding, letting traders skip the evaluation entirely and receive a funded account within minutes, a third route alongside the One-Step and Two-Step paths. Mubite's Instant Funding runs on the same full catalog as its evaluations: 1,000+ crypto pairs with leverage of up to 1:100.

Track Record: Mubite is rolling out on-chain payout infrastructure across multiple chains by the end of Q4 2026, which will let traders independently verify challenge rules and payouts rather than relying on self-reported figures.

SizeProp: Hyperliquid-Powered Crypto and TradFi Markets in One Terminal

This section is brought to you by SizeProp.

SizeProp is a crypto-native proprietary trading firm founded in 2025 offering funded accounts of up to $200,000. Backed by Igloo Inc, the parent company of Pudgy Penguins, SizeProp combines crypto-native trading infrastructure powered with access to traditional markets through a single in-house terminal.

Crypto coverage: SizeProp offers 100+ symbols with 50+ crypto pairs powered by Hyperliquid and ByBit, alongside stocks, indices, commodities, forex, and metals powered by Trade.xyz. Crypto leverage runs up to 5x on BTC and XAUT and 2x on altcoins. 

Key features: Profit splits reach up to 95%, with no minimum trading days, no consistency rules, no time limits, and news trading allowed. The same trading rules apply during both the evaluation and funded stages, so traders don't have to adapt to a different set of restrictions after passing. Withdrawals are available on demand, with payouts processed within roughly 24 hours in USDC via ERC-20.

Backing: SizeProp is backed by Igloo Inc, the parent company of Pudgy Penguins, one of crypto’s biggest consumer brands.

Technology and support: SizeProp operates its own trading terminal with TradingView-powered charts and brings crypto, stocks, metals, forex, and indices into the same interface. This means traders can access both crypto-native and traditional markets without moving between separate trading platforms. Users can also trade directly on their account without having to log in several times like with traditional prop firms. SizeProp reports that its support team's average response time is under five minutes. The platform also includes a points system that rewards active users with benefits yet to be announced in the future.

FTMO: A Multi-Asset Firm with Narrow Crypto Leverage

FTMO has operated since 2015 and carries the deepest trust signal in this list: a 4.8/5 Trustpilot score across roughly 45,000 reviews. It's a multi-asset firm first, with forex, indices, commodities, stocks, and crypto all trading on the same infrastructure.

Crypto coverage: FTMO lists 31 confirmed crypto pairs, spanning majors alongside a reasonable spread of DeFi and NFT-adjacent tokens (AAVE, UNI, GRT, IMX). But every pair trades as a Spot CFD, and FTMO's own blog states crypto leverage is capped at 1:1 on Swing accounts and 1:3.3 on Normal accounts, against up to 1:100 on forex. Trading hours can also vary due to scheduled maintenance windows, an odd fit for an asset class that otherwise runs 24/7.

Key features: Profit split starts at 80% and scales to 90%. Payouts process in 1–2 business days, paid in BTC, ETH, LTC, USDC, or USDT. The fee refund depends on which product you buy: the 2-Step Challenge refunds your fee with your first reward; the 1-Step Challenge never refunds it, even after passing.

Crypto Leverage: FTMO's forex-first architecture shows up directly in the numbers: leverage on crypto sits at a fraction of what's available on its own forex pairs, which is a key consideration if crypto is your primary market rather than a side allocation.

Crypto Fund Trader: Broad Bybit-Powered Instrument Access

Crypto Fund Trader (CFT) offers evaluations across crypto, forex, indices, commodities, and stocks, with roughly 1,100 Trustpilot reviews.

Crypto coverage: CFT's FAQ confirms 550+ crypto futures pairs through Bybit, or 720+ total instruments across its Match-Trader/MT5 setup, offering broad coverage. Leverage on Bybit evaluations runs up to 1:100. 

Key features: Profit split runs 80% to 90%. Individual evaluation accounts go up to $200,000, but traders can hold multiple funded accounts at once, up to a combined $300,000 in total live capital per user. Withdrawals are available after 15 days traded, or every 30 calendar days as an alternative, with processing taking up to roughly three days end-to-end. CFT states outright on its homepage: "It's all demo, no real capital involved."

Evaluation Refund Policy: CFT's evaluation refund policy is the least specific in this group. Its official refund page states refunds are "issued at our discretion," without the fixed payout milestone that FTMO, FundedNext, Bitfunded, and Breakout all publish.

Breakout Prop: Kraken-Backed Liquidity with Conservative Leverage

Breakout Prop was acquired by Kraken in September 2025, giving it the strongest crypto exchange pedigree of any crypto-native firm in this comparison, alongside roughly 950 Trustpilot reviews at a 4-star average.

Crypto coverage: Breakout offers 58 to 62-plus crypto pairs, with real liquidity sourced from major exchanges. Leverage is fixed at 5x on BTC and ETH, 2x on everything else, applied automatically. Markets run genuinely 24/7, including weekends.

Key features: Profit split defaults to 80%, with a permanent 90% upgrade available at checkout. Payouts are on-demand, processed in about 24 hours, paid in USDC, and the fee is fully refunded with the first payout. Breakout's own Program Rules confirm funded balances are simulated capital, and disclose that individual trade ideas may be routed to a real exchange or logged as an internal calculation, at the firm's discretion, though payouts are calculated identically either way.

Leverage Cap: Leverage is capped well below several peers, a deliberate risk-management choice rather than an oversight, and worth weighing against firms offering higher multiples.

Bitfunded: 100+ Crypto Pairs with a Conservative Leverage Model

Bitfunded is a crypto-only firm with more than 120,000 traders and roughly 162 Trustpilot reviews at a 4-star average.

Crypto coverage: Bitfunded offers 100+ crypto pairs plus 20+ traditional-finance instruments, with leverage capped between 1x and 5x, which Bitfunded frames explicitly as a design choice to reduce over-leveraging rather than a limitation.

Key features: The default split is 80:20, scaling to 90:10 through an Incentive Scaling Program requiring 10% net profit over four consecutive months. News and weekend trading are both allowed, which is unusual among firms with TradFi roots. Its refund policy is less consistent, though: Bitfunded's Refund and Cancellation Policy and its Terms of Use both state the fee is refunded on your first profit-split day, but its FAQ page states it's refunded on your third payout instead. Users considering Bitfunded may want to check in directly with support around which one currently applies.

Withdrawal Cadence: Withdrawals are processed monthly, a slower cadence than the 24-hour standard several crypto-native competitors offer.

TradeXProp: A Dedicated Crypto Challenge with Flexible Trading Hours

TradeXProp runs a dedicated crypto evaluation track, though with a considerably thinner track record (around 41 Trustpilot reviews) than most firms here.

Crypto coverage: Leverage runs 5:1 on BTC and ETH, 2:1 on everything else. Notably, TradeXProp doesn't publish an actual pair count anywhere on its site, only that it offers "any products streamed by the Liquidity Provider." Trading runs close to 24/7, and weekend holding is permitted.

Key features: Profit split reaches up to 90%. The funded stage is explicitly described as "notionally-funded," meaning actual capital may not match the account's nominal size. To date, TradeXProp has paid out $1.9 million-plus to more than 5,000 traders.

Refunds and Withdrawals: Two things stand out: fees are never refunded, even after passing, and withdrawals are limited to once every 30 days; both more restrictive than the rest of this list. TradeXProp also carries over a forex-style rule prohibiting trades within three minutes of a "News Event," a category the firm defines at its sole discretion.

FundedNext: Established Prop Firm With Smaller Crypto Offerings

FundedNext holds the highest review volume of any prop firm on Trustpilot (over 72,000 reviews at 4.5/5) and has paid out more than $300 million across its full product range since 2022.

Crypto coverage: FundedNext's own Help Center lists exactly 9 crypto pairs: DOGE, ADA, XLM, XRP, BTC, ETH, LINK, LTC, and XMR, notably excluding SOL and BNB, two of the largest coins by market cap. Crypto leverage is flat at 1:1, against up to 1:100 on forex, and crypto positions can only be opened or closed on weekdays, with the firm's own disclaimer confirming trades are CFD simulations rather than real asset purchases.

Key features: Profit split reaches up to 95% on CFD accounts, among the highest in the industry. FundedNext guarantees payouts within 24 hours, backed by a $1,000 penalty if it misses that window, with a median processing time of 4.74 hours. Fee refunds apply, though timing depends on the product: first payout for Stellar 2-Step, third payout for Stellar 1-Step and Stellar Lite as of a January 2026 policy update.

Narrow Pair Count: FundedNext is a genuinely well-reviewed, fast-paying firm, but its scale comes from forex and multi-asset trading, not crypto. A 9-pair, 1:1-leverage, weekdays-only crypto offering is a fraction of what dedicated crypto firms provide, making it a clear example of why review volume alone doesn't indicate crypto-specific depth.

FAQ

Do crypto prop firms use real money?

Most do not. Nearly every firm in this guide runs funded accounts on simulated or notional capital. Your payouts are real, but they are calculated from simulated trading. Some firms hedge trades on real exchanges, and a few offer a path to real capital after a track record.

Are crypto prop firms legit?

Many pay traders reliably, but the industry is lightly regulated and payout claims are often self-reported. Check how long a firm has operated, whether its rules are consistent across its own pages, and whether its payouts can be independently verified.

What is the difference between static and trailing drawdown?

Static drawdown is fixed to your starting balance. Trailing drawdown rises with your highest equity, so your room to lose can shrink after a profitable run. Static is generally more forgiving.

Can I lose more than the evaluation fee?

No. Because you trade the firm's capital, the most you can lose is the fee you paid to enter, plus any reset fees or add-ons you choose to buy.

Can I hold crypto positions over the weekend?

It depends on the firm. Crypto-native firms usually allow weekend holding, while some multi-asset firms restrict crypto trading to weekdays. Check the rules before you buy an evaluation.

Disclaimer: Rankings, comparisons, and commentary reflect independent research based on publicly available information from each firm's official website, help center, and terms of service as of the time of writing. Figures such as leverage limits, profit splits, pair counts, and payout policies are subject to change at each firm's discretion; readers should verify current terms directly with the provider before making a decision. This content is for informational purposes only and does not constitute financial, investment, or trading advice. Proprietary trading, and cryptocurrency trading more broadly, carries substantial risk, including the risk of losing your evaluation fee. CoinGecko does not endorse any prop trading firm and encourages readers to conduct their own research before participating in any evaluation program.