The Rise of Crypto Prop Firms in 2025: Which Ones Are Leading the Pack?
Nov 14, 2025, 4:10pm
As cryptocurrency markets mature and institutional capital pours in, a parallel trend is quietly gaining momentum: crypto prop trading firms. These proprietary (“prop”) firms provide skilled traders with capital to trade digital assets — and in 2025, the competition among them is hotter than ever.
What Is a Crypto Prop Firm — and Why They’re Trending
A prop firm, short for proprietary trading firm, is a company that backs traders with its own capital. Instead of risking your own money, a trader pays an evaluation or “challenge” fee, proves their skill under predefined risk rules, and earns the right to trade with a funded account. In return, the firm and the trader split the profits, often heavily in favor of the trader once they prove consistency.
What makes crypto prop firms especially compelling is their alignment with the 24/7, high-volatility nature of digital-asset markets. Unlike traditional prop firms rooted in forex or equities, many of the best crypto prop firms offer real-exchange integration (e.g., Bybit connections), payouts in crypto, and leverage tailored for spot and futures trading. For traders with deep conviction in crypto, this model is proving to be an alternative to both trading on their own and joining institutional funds.
The Regulatory Backdrop
The rise of crypto prop firms comes amid increasing regulatory scrutiny. In Europe, the European Securities and Markets Authority (ESMA) recently warned crypto firms about marketing unregulated products as though they were protected under newer rules like MiCA. While prop firms are typically separate from spot exchanges, traders should be aware of how regulatory harmonization may affect these funding platforms — especially those that act as intermediaries or offer structured accounts.
Top Crypto Prop Firms to Watch in 2025
Here’s a breakdown of some of the most prominent, best crypto prop firms in 2025 — their strengths, trade-offs, and what sets them apart.
HyroTrader
HyroTrader is consistently highlighted by users and reviewers as a true “crypto-native” prop firm. Unlike firms that offer synthetic CFDs, HyroTrader allows traders to operate on real spot and futures markets via Bybit and the CLEO platform.
- Profit split: Up to 90%.
- Maximum account size: Up to $100K for funded accounts, with scaling options.
- Leverage: As high as 1:100 on advanced Bybit accounts.
In the trader community, it’s well-liked for its straightforward rules and real market access. > “HyroTrader is the best so far … very crypto-friendly, you can directly connect your Bybit or CLEO platform.” On Reddit, some also praise its solid execution and low slippage.
Crypto Fund Trader (CFT)
CFT stands out for offering multi-asset access — including crypto, forex, indices, and even stocks — via Bybit, MT5, and MatchTrader.
- Funding: According to some sources, scaling up to $1.28 million is possible.
- Profit split: Base is often 80%, but depending on add-ons, exposure, and performance, some traders report up to 90%.
- Evaluation: Offers both 1- and 2-step challenge models.
Because it supports major platforms like MT5, CFT appeals to traders who want more flexibility in strategy. On the downside, some traders say that strict risk or consistency rules can make passing the evaluation challenging.
FundedNext
This firm is often praised for its generous scaling and challenge structure.
- Scaling: According to PropFirmLion, you can scale up to $4 million in capital.
- Profit split: Depending on the program, split rates can be very attractive (some sources suggest up to 90% in certain programs).
- Challenge model: It provides flexibility, including “no time limit” evaluations, which matches crypto’s volatile cadence more naturally.
Traders on review aggregators also call out FundedNext for prompt withdrawals and strong customer service.
FTMO
Although FTMO is better known for forex and traditional markets, the firm has maintained a strong reputation among crypto traders as well.
- Funding up to: $400,000.
- Profit split: Reports vary, but up to 90% in some crypto-focused programs.
- Challenge fee: Starts around $155 for certain crypto accounts.
But FTMO’s evaluation rules are strict: daily drawdown limits, strict profit targets, and rigid consistency requirements are real hurdles. Still, its long track record, reputation, and transparent payout history give it legitimacy in the space.
Mubite
A more recently founded firm, but one with a clear crypto-first vision. According to CoinEdition, Mubite is “built from the ground up for crypto traders.”
- Profit split: Up to 90%.
- Scaling: Can scale funded accounts up to $1 million, per the same source.
- Payout frequency: Offers either weekly or on-demand withdrawals.
- Integration: Deep Bybit integration, live execution, payouts in crypto, and 24/7 trading to reflect real crypto market dynamics.
On Reddit, Mubite traders emphasize its transparency and that its rules are more straightforward than many “legacy” prop firms.
BrightFunded
This firm often surfaces in “best of” lists thanks to its broad selection of crypto pairs.
- Asset variety: Reported to offer 40+ crypto pairs.
- Profit split: Up to 100% in some high-tier programs, according to PropFirmLion.
- Evaluation: Challenge-based, typically 2-step.
BrightFunded’s risk parameters are more lenient than some firms, and they’re one of the few giving large profit splits — but new traders should carefully examine evaluation terms, as very generous splits often come with stricter behavioral rules.
Risks, Trade-Offs & What to Watch in 2025
While crypto prop firms offer an appealing route into trading with capital, they are not without risk:
- Evaluation Pressure: The challenge model means you must hit profit targets while respecting drawdowns. Mistakes can disqualify you before funding.
- Rules vs. Flexibility: Some firms don’t allow EAs, bots, or hold-for-news trades. Others are more permissive—but that often comes with tighter risk limits.
- Payout Mechanics: Not all firms pay out in crypto; some still use fiat, which could matter if you’re a digital-asset native.
- Regulatory Exposure: As global jurisdictions tighten crypto rules (e.g., under MiCA in Europe), platforms that integrate with exchanges or offer structured products may face regulatory burdens.
- Legitimacy Concerns: There have long been complaints in prop trading communities about “too good to be true” offers. Traders are advised to do their own diligence, verify payout proofs, and use firms with transparent track records.
A Growing Niche Worth Investigating
Crypto prop firms are increasingly carving out their own niche as the digital-asset ecosystem deepens. For traders with skill, discipline, and a willingness to navigate challenge-based funding models, firms like HyroTrader and Mubite offer genuine capital and real-market execution. For those who want to mix crypto with other traditional markets, CFT or FundedNext provide flexible offerings — though often with more stringent evaluation criteria.
As regulatory clarity improves in major markets and capital continues flowing into crypto, the next 12 to 18 months could see these prop firms becoming a more mainstream bridge between professional trading and crypto-native capital. Whether you’re a seasoned pro or a rising talent, now may be the moment to seriously evaluate a crypto prop firm — but tread carefully, read the fine print, and trade responsibly.
