Figure Technology Sets IPO Price at $25 Per Share on Nasdaq Debut
Figure Technology Solutions, Inc. priced its initial public offering at $25 per share, with trading of its Class A common stock set to begin September 11 on the Nasdaq Global Select Market under the ticker “FIGR.” The San Francisco-based company is offering 31.5 million shares in the deal, which is expected to close on September 12 pending customary conditions. The IPO includes 23.5 million shares sold by Figure and about 8 million shares offered by existing stockholders. Breakdown of Share Sale Underwriters have been granted a 30-day option to buy up to 4.7 million additional shares at the IPO price, excluding discounts and commissions. Figure will not receive any proceeds from the sale of stock offered by its current investors. Goldman Sachs, Jefferies and BofA Securities are leading the bookrunning process. They are joined by Societe Generale, Keefe, Bruyette & Woods, and Mizuho as additional bookrunners. Texas Capital Securities, Needham & Company, Piper Sandler, FT Partners, KKR, and Roberts & Ryan are acting as co-managers. Timeline and Market Entry The offering marks Figure’s first sale of public shares and its entry into one of the U.S.’s top trading venues. Completion of the sale is scheduled for September 12, subject to standard closing requirements. The IPO provides new capital to Figure while allowing some of its stockholders to reduce holdings. Trading on the Nasdaq Global Select Market places the company among firms required to meet the exchange’s highest standards for corporate governance and financial reporting.
20 Best Crypto Affiliate Programs for Beginners and Professionals
Cryptocurrency, as we know it, has evolved far beyond trading and investing, it’s now a rapidly growing ecosystem where affiliate marketing plays a significant role. As exchanges, wallets, and crypto platforms compete for user attention, they’re offering rewarding affiliate programs to marketers who can drive results. In 2025, promoting crypto brands isn’t just a side hustle; it’s a solid income stream for those who understand how to match the right offers with the right audience. If you’re looking to turn clicks into real earnings, this guide breaks down 20 of the best crypto affiliate programs for beginners and professionals. You’ll learn what each platform offers, who it’s best for, and how to start earning with confidence. Key Takeaways What Are Crypto Affiliate Programs? Crypto affiliate programs are performance-based marketing setups where individuals or publishers earn a commission for referring users to cryptocurrency platforms. These platforms can include exchanges, wallets, tax tools, trading apps, or even crypto hardware providers. When you sign up for a crypto affiliate program, you’re given a unique referral link or code. You then share this link with your audience—through a blog, YouTube channel, email list, or social media. Each time someone clicks your link and takes a specific action (like registering, making a trade, or buying a product), you earn a percentage of the revenue or a fixed reward. These programs are popular because they offer flexible earning potential, often with no upfront cost. As the crypto industry grows in 2025, more platforms are investing in affiliate marketing to attract users—making it a win-win opportunity for both marketers and crypto companies. 20 Best Crypto Affiliate Programs Platform Commission Structure Notable Perks Payment Methods Cookie Duration Focus Area UPAY Up to 0.6% on recharges No cap; tiered rewards Bank transfer, Crypto Not specified Mobile crypto payments RockWallet $50 per first U.S. trade Compliance-focused; Impact.com tools Bank transfer 30 days Non‑custodial wallet Binance Up to 50% on spot/futures + monthly bonuses $72K futures bonus; Referral Pro dashboard Crypto 30 days Global crypto trading Ledger 10% per hardware sale Weekly BTC payout; tiered rewards BTC 30 days Hardware wallet KuCoin Up to 60% + sub-affiliate tier Lifetime + second-level commissions Crypto wallet payouts Lifetime Tiered global program Coinbase 50% of fees for 3 months 30‑day cookie; advanced tracking on Impact PayPal, Bank transfer 30 days Beginner‑friendly exchange Kraken 20% of trading fees 180‑day cookie; CPA/hybrid options Through Impact using direct deposit 180 days Institutional-grade trading Bitpanda Up to 20% via CPA or revenue-share EU‑focused; broad asset support Through Impact 30 days European crypto market Crypto.com Up to 0.5% of trading volume Crypto.com card referrals; CRO token payouts Crypto, Bank transfer 30 days Crypto earn & cards Gate.io 50% + 10% from sub-affiliates Lifetime commissions; VIP perks Crypto wallet Lifetime Passive income Bybit Up to 50% + 10% sub-level rewards Daily payouts; robust tracking portal Crypto 30 days High-volume traders Changelly Up to 50% RevShare; plus CPI/CPA options USDT payouts; flexible models USDT, Crypto 30 days Exchange swaps Zengo $10 per qualified referral No seed phrases; paid in crypto Crypto Not specified Keyless self-custody wallet OKX Up to 50% + sub-affiliate tiers Multi-stream earnings; 24/7 support Crypto, Bank transfer 30 days Full crypto ecosystem Trezor Up to 15% per sale 30‑day cookie; monthly payments Bank transfer, PayPal 30 days Security-focused hardware HTX 30–60% tiered over 3 months Tiered levels; referral team support Bank transfer, Crypto 30 days Spot/futures combo Koinly 20% + 10% on rebills $100 payout threshold; tax-season appeal Bank transfer, Crypto 30 days Crypto tax software CoinLedger Fixed payout per sale + recurring yearly IRS‑ready tools; PayPal payouts from $30 PayPal, Bank transfer 15 days U.S. crypto taxes CEX.IO 30% on trading fees Multi-product: staking, loans, fiat Visa/Mastercard, bank transfers, and cryptocurrency 30 days Full-spectrum crypto services Robinhood Stock + crypto referrals Reward stock bonuses; unlimited referrals Bank transfer 30 days Fintech + crypto cross-selling UPAY offers a strong affiliate program built around its digital payment solution, powered by the UPay Credit Card. Affiliates earn up to 0.6% commission on recharges made by their referrals, with no cap on potential earnings. A simple referral of $500,000 in transactions can generate $3,000 in affiliate income. The program rewards both performance and consistency—offering rebates on card activations, tiered commissions, and extra incentives for meeting specific goals. Partners also get access to ready-to-use marketing tools and promotional materials. Ideal for creators and key opinion leaders (KOLs) with crypto-savvy audiences, UPAY’s program combines high commission potential with strong marketing support. It’s a reliable option for affiliates focused on digital payments and scalable crypto earnings in 2025. Interested partners can apply by contacting the UPAY team directly via email Pros Cons Commission Rate For everyone promoting non-custodial crypto wallets, RockWallet offers a reliable and rewarding affiliate program built on BRD technology. Affiliates earn a competitive $50 commission for each U.S.-based user who completes their first crypto trade—buy, sell, or swap—through the RockWallet app. The platform is compliance-focused, secure, and designed for simple onboarding, making it ideal for content creators, paid media experts, and influencers targeting crypto users. Signing up is done through Impact.com, where approved affiliates gain access to exclusive marketing tools, banners, email templates, and detailed tracking dashboards. With support for major digital assets like BTC, ETH, USDT, and USDC, plus access to global liquidity and competitive pricing, RockWallet gives affiliates a strong value proposition. The team also offers onboarding help, compliance guidance, and training resources to boost campaign success. For anyone focused on promoting non-custodial crypto tools to a U.S. audience, RockWallet delivers both trust and earning potential. Pros Cons Commission Rate This program, which started in 2018, offers affiliates one of the highest-earning opportunities in the crypto space. With up to 50% commission on every qualified trade and the potential to earn an additional $72,000 in futures trading bonuses each month, Binance has built a performance-driven model tailored for global marketers. Affiliates gain access to a range of products—Spot, Margin, Futures, Binance Pool, and copy trading—allowing multiple earning streams
What is Cryptocurrency Payroll and How Does It Work?
For years, international payroll has been costly, slow, and full of middlemen. Workers wait days for bank transfers, and companies deal with high fees and compliance headaches. Cryptocurrency payroll is helping solve these problems by offering fast, secure payments using digital currencies that reach anyone, anywhere, without delay. This article examines what cryptocurrency payroll is, how it works, the key differences from traditional systems, legal and tax considerations, popular crypto payment models, and the benefits and risks for employers and employees. It also looks at country-specific laws, practical use cases, and future trends shaping how global teams get paid in the digital economy. Key Takeaways What is Cryptocurrency in Payroll? Cryptocurrency in payroll means paying employees using digital currencies like Bitcoin, Ethereum or stablecoins instead of traditional money. Employers either pay fully in crypto or offer it as an option alongside regular currencies. These digital payments happen through blockchain networks which allow money to move faster and more directly to employees, especially those working remotely or across borders. Crypto payroll is most common in tech companies, startups and remote-first teams that already use blockchain tools. For example, a software developer working for a US company from Nigeria can get paid in USDC, a stablecoin linked to the dollar, without dealing with delays or high bank fees. This method of payroll gives both employers and employees more flexibility. It makes it easier to send money across countries without using middlemen like banks or international transfer services. Key Differences Between Traditional and Crypto Payroll While both systems aim to pay employees, the way traditional and crypto payroll work is very different. 1. Payment Processing Traditional payroll uses banks, payroll processors and clearing systems to transfer salaries in local currencies. These systems often come with delays from weekends, bank holidays or cross-border approvals. For example, a company in the US paying a contractor in India through a bank wire might face a delay of several days and high transfer fees. Crypto payroll uses blockchain networks that allow direct peer-to-peer transactions without going through banks. Payments are usually faster, with many cryptocurrencies settling within minutes. A company can pay a freelancer in Argentina using USDC through a crypto wallet, and the funds would arrive the same day without extra processing steps. 2. Currency Stability Salaries in traditional payroll are paid in stable fiat currencies like the dollar or euro. The value stays consistent, which makes it easier for employees to plan and manage their finances. There is little to no risk of the salary amount changing after payment. Crypto payroll can involve cryptocurrencies that fluctuate in value, like Bitcoin or Ethereum. This can be risky if the currency drops in value after the payment is made. Some companies use stablecoins like USDC or USDT to avoid this. A content creator paid in USDC will receive the same dollar value regardless of crypto market changes. 3. Tax and Regulatory Compliance In traditional payroll, tax deductions, benefits and reporting are built into the system. Employers withhold taxes automatically and issue official statements like pay stubs or tax forms. This process is well defined and usually supported by government-approved payroll software. Crypto payroll has a more complex structure when it comes to tax reporting. Employers and employees often have to manually track payment dates, currency values and conversions. For instance, if someone is paid in ETH and its value changes before they convert it to fiat, they may have to report both income and capital gains. 4. Record-Keeping and Reporting Traditional payroll systems are designed to generate clear records for accounting, auditing and compliance. Payslips, tax reports and employment histories are automatically stored and updated. This helps employers meet labor regulations and support employee benefits or disputes. Crypto payroll is still catching up with these features. Some companies use third-party crypto payroll platforms to generate reports and transaction histories. Others manage it manually using spreadsheets and wallet records. While these tools are improving, the process can be harder to automate compared to traditional systems. 5. Financial Access and Inclusion Traditional payroll depends on the employee having access to a bank account. In some parts of the world, especially in rural or underbanked areas, this creates barriers for workers. A business may not be able to pay someone simply because they lack the right banking setup. Crypto payroll only requires a smartphone and a digital wallet. This makes it easier for people in remote or underserved regions to receive payments. A freelance translator in Ghana can be paid in USDC using just a wallet app, bypassing the need for a local bank. It opens up work opportunities and simplifies global hiring for companies. Benefits of Paying Employees in Cryptocurrency This section explains why employers and employees are beginning to see real value in getting paid in cryptocurrency. 1. Faster Payments Across Borders Cryptocurrency allows companies to send payments instantly, no matter where the employee is located. Traditional cross-border payments often go through multiple banks and can take several days to complete. With crypto, payments are processed on the blockchain and often arrive within minutes. For example, a remote engineer in South Africa can receive their USDC salary almost immediately, without waiting for banking hours or clearing delays. 2. Lower Transaction Costs Sending money through banks or payment platforms usually comes with fees, especially for international transfers or currency conversions. Crypto payments remove the need for banks and reduce or eliminate those fees. A company paying a designer in the Philippines with Ethereum may pay a small network fee but avoid the larger costs charged by traditional systems like SWIFT or PayPal. 3. Financial Inclusion Not all employees have access to reliable banking services, especially in rural or developing regions. Cryptocurrency only requires a digital wallet, which can be set up with a smartphone. This gives people without bank accounts a way to get paid and manage their income. A content creator in rural India, for example, can receive stablecoins and convert them locally through peer networks or
Impermanent Loss Explained: A Simple Guide for Crypto Traders
If you’ve come across decentralized finance (DeFi) or thought about adding your tokens to a liquidity pool, you’ve probably come across the term impermanent loss. At first, it can sound confusing or even intimidating, but it’s actually a core concept that every crypto user providing liquidity should understand. In simple terms, impermanent loss is what happens when the price of the tokens you put into a liquidity pool changes compared to when you added them. This price movement can leave you with fewer gains (or even a loss) compared to just holding the tokens in your wallet. But why is it called “impermanent”? Because the loss isn’t locked in unless you remove your tokens while prices are still far apart; if prices return to their original levels, the loss can shrink or completely disappear. Key Takeaway What is Impermanent Loss in Crypto? Impermanent loss is a temporary decrease in the value of assets a person holds in a liquidity pool compared to simply holding those assets in their wallet. It happens because automated market makers (AMMs) like Uniswap, SushiSwap, and PancakeSwap adjust the ratio of tokens in the pool as prices change. This rebalancing creates situations where the combined value of your tokens inside the pool can become lower than if you had just kept them untouched. The term originated from early discussions among DeFi developers and communities around 2018–2019, when AMMs became popular. They noticed liquidity providers sometimes “lost” value when asset prices moved but these losses weren’t always permanent if prices later returned to their starting point. Why it’s called “impermanent” The word impermanent is used because the loss only becomes permanent when the liquidity provider withdraws their tokens while prices are still unfavorable. If the prices of the tokens in the pool return to the same relative prices as when the liquidity was first added, the impermanent loss disappears. So, the loss is “impermanent” in the sense that it can be reversed, depending on how prices move before you remove your funds. For example, imagine you put ETH and USDT into a liquidity pool. ETH price rises quickly compared to USDT. Arbitrage traders buy the cheaper ETH from your pool, and you end up holding more USDT and less ETH. If ETH later drops back to its original price before you withdraw, the balance of assets readjusts closer to your starting point—and your loss can disappear. Difference between realized and unrealized loss across price movements This is the loss on paper that you see while your funds remain inside the liquidity pool. Prices have moved, and your assets are worth less compared to simply holding them, but you haven’t actually “lost” anything yet because you haven’t withdrawn. Once you remove your funds from the pool while prices are still unfavorable, the loss becomes real. This means you now permanently have fewer assets in dollar terms compared to if you had just held them outside the pool. Why Impermanent Loss Occurs To really understand impermanent loss, you need to know how decentralized exchanges work behind the scenes, especially the systems called Automated Market Makers (AMMs) and liquidity pools. Let’s break this down step by step. Role of AMMs (Automated Market Makers) & liquidity pools Unlike traditional exchanges that match buyers and sellers directly, AMMs use smart contracts to automatically set prices for trading pairs based on how much of each token is in the liquidity pool. Liquidity pools are simply shared pots of tokens (e.g., ETH and USDT) that anyone can add to. When you provide liquidity, you deposit equal values of two tokens, and in return, you earn trading fees from people swapping those tokens. This system keeps markets running 24/7, even without active traders setting prices. But it also introduces impermanent loss because of how AMMs calculate and adjust prices. Constant product formula (xy = k): Most popular AMMs (like Uniswap V2) use something called the constant product formula: > x × y = k. Here: This formula keeps the product of the two token balances (x and y) always equal to the same number (k). When someone trades ETH for USDT,the amount of ETH (x) in the pool increases, and the amount of USDT (y) in the pool decreases. The price changes automatically so the product (x × y) still equals k. This automatic rebalancing is what makes AMMs work—but it also opens the door to impermanent loss. Rebalancing via arbitrage As the prices of ETH and USDT on other exchanges (like Binance or Coinbase) change, the price inside the AMM might not instantly keep up. Arbitrage traders notice these price differences. They quickly buy or sell tokens in the AMM pool until the price in the pool matches the market price outside. This process benefits the whole market by keeping prices aligned but for liquidity providers, it changes the balance of tokens they hold. Often, they end up with more of the token that lost value and less of the token that gained value. This difference is what causes impermanent loss. Price divergence between paired assets The size of impermanent loss depends mostly on how much the prices of the two tokens in your liquidity pool move away from each other. If the prices stay close together (for example, USDC and USDT, both stablecoins), the loss is very small. And if one token rises or falls sharply compared to the other, the loss can grow significantly. If ETH price goes up a lot, arbitrage traders buy cheap ETH from the pool. The pool ends up with less ETH and more USDT. Your share of the pool now includes fewer valuable ETH and more USDT. In dollar terms, your total pool share might end up being worth less than if you’d simply kept your original ETH and USDT. Calculating Impermanent Loss in Simple Steps Understanding how to calculate impermanent loss helps liquidity providers know what to expect and make smarter choices. You don’t need to be a math expert to get the basics, but