Cryptocurrency payments tracked on public blockchains across the ten largest private trading companies rose from $55.3 million in the first quarter of 2025 to $115.1 million in the first quarter of 2026, according to a new analysis by FM Intelligence.
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The 109% year-over-year jump masks a clearer story, as the figure barely moves against the $115.2 million recorded in the fourth quarter of 2025, a sequential change of 0.1% that signals a turnaround after two years of rapid expansion.
👉 Read the full FM Intelligence analysis here:Prop’s Tracked Cryptocurrency Payments Doubled to $115 Million in Q1 2026
Two support companies now account for 71% of tracked volume
The distribution of growth within the group was uneven. FundedNext CFDs rose 293% year-on-year to $42.7 million, while MyFunded futures rose 161% to $38.5 million. Together, the two companies account for 70.5% of Q1 2026 tracked payments across the top 10 companies. Six other operators moved in the other direction, with TopTier Trader down 78%, FXIFY down 59%, and Blue Guardian and E8 Markets both recording double-digit declines.
the The wider 2025 pay league table is compiled by Prop Firm Match The full-year figure was estimated at $325 million, excluding FTMO and The5ers.
Transaction numbers continued to rise even as overall dollar flows stabilized. The group processed 61,682 payment events in Q1 2026, up 8.1% from Q4 2025 and 129% year-on-year. The average payout size decreased to $1,865 from $2,020, indicating that more traders are reaching first payout thresholds but with smaller ticket sizes.
Five companies added brokerage licenses in 10 months
The plateau at the top coincided with a structural axis across the remaining group. Between May 2025 and March 2026, five support firms or their founders added regulated brokerage entities to their corporate structures. FTMO Closed its $250 million acquisition of OANDA On December 1, 2025, financed through a line of credit led by UniCredit. FundedNext launched FNmarkets in May 2025 Under license from the Comoros, with applications from Mauritius and Dubai pending.
The5ers founders took a minority stake in it CySEC– Licensed TSG Brokers, which launched in January 2026. Trading Pit registered TTP Markets with the Seychelles Financial Regulatory Authority, and Seacrest, formerly known as MyFundedFX, closed its support operations in early February 2026 to operate exclusively as an FSCA-regulated CFD broker. FM Intelligence estimates that approximately 80 to 100 support companies went out of business between January 2024 and the first quarter of 2026.
The mathematics that continues to define the industry
FPFX data covering 300,000 accounts across 10 companies shows a Challenge success rate is 14% and payment rate is 7%.with average payouts equivalent to approximately 4% of the funded account size. The Funded Unicorn’s July 2025 bankruptcy, which described losses in high numbers from reversing all one-to-one funded positions in the market, illustrates the risks that the brokerage infrastructure is now being built to address.
No jurisdiction has enacted a dedicated support company Systems As of April 2026. The Czech National Bank, CySEC and ASIC have referred to the audit without concrete rules.
the The CFTC case against MyForexFunds was dismissed with prejudice in May 2025 After a private expert found that the regulator had taken “deliberate steps towards obfuscation and avoidance”.
Yesterday (Tuesday), I backed E8 Markets Issued a public relations statement Retail traders warn against the CFD market, noting that most participants lose their money there. Meanwhile, it describes itself as a “SaaS educational simulation platform for financial markets” to avoid regulatory scrutiny.
👉 Read the full breakdown of FM Info, including company-by-company pay tables, brokerage structure tracker, and sequential comparisons:Prop’s Tracked Cryptocurrency Payments Doubled to $115 Million in Q1 2026
This article was written by Damian Schmil at www.financemagnates.com.
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