crypto-native
prop firms.
The next wave of prop trading. Firms that fund crypto perp traders on Hyperliquid, on-chain venues, or custom DEX-native platforms. Most review sites don't cover this. We do — because we trade here.
tracked crypto prop firms
All newer firms with limited public payout histories. Treat scores as preliminary — verify before deposits.
Crypto-native prop firm. Trades on a custom on-chain venue. Emerging — track record still building.
Hyperliquid-based prop firm. Traders evaluate on Hyperliquid perps. Limited track record so far — high upside / high uncertainty.
Crypto/perp prop firm. Niche audience, still establishing reputation. Watch carefully before depositing.
why crypto prop firms matter
Traditional prop firms (FTMO, Apex, Topstep) fund traders on forex or futures via centralized brokers. Crypto-native firms fund traders directly on DEXes like Hyperliquid — which means lower fees, no fiat KYC depending on jurisdiction, and faster scaling.
The trade-off: shorter track records. Most crypto prop firms launched in 2024-25. They haven't been through a full bear market with payout obligations yet. Treat them as higher-risk / higher-upside.
We cover them because nobody else does well. Forex-focused review sites either ignore them entirely or copy-paste marketing materials. Our scores are based on what we can actually verify on-chain and from community reports.