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Which Coins Can You Actually Trade at a Prop Firm?

Drift Fund · September 26, 2026

If you trade anything outside BTC and ETH, the instrument list is the first thing you should check — and it is the thing almost nobody checks before paying.

Most prop firms are forex firms that added a crypto tab. You get BTC, ETH, maybe SOL and XRP, and that is the list. If your edge is in altcoins, memecoins, or rotating into whatever is moving this week, that firm cannot serve you, and you will only discover it after the fee has cleared.

What a real crypto list looks like

Our platform lists over 380 instruments. Roughly 360 of those are crypto, plus 21 forex pairs and the two metals (gold and silver).

That includes the parts of the market other firms quietly leave out:

  • Majors — BTC, ETH, SOL, XRP, BNB, ADA, DOGE, AVAX, LINK, DOT
  • Large-cap alts and L2s — ARB, OP, INJ, SUI, APT, TIA, SEI, STRK, ZK
  • DeFi — AAVE, UNI, CRV, LDO, PENDLE, ENA, MORPHO
  • Memecoins — DOGE, SHIB, PEPE, WIF, BONK, FLOKI, POPCAT, TRUMP, FARTCOIN, MOODENG, PNUT, BRETT, MEW, NEIRO
  • AI and infrastructure tokens — TAO, RENDER, GRASS, AIXBT, VIRTUAL, WLD

Why memecoins are the honest test of a firm

This is the part worth understanding, because it tells you something about the firm rather than the list.

Any firm can list PEPE. The question is whether its risk engine can price a thin book honestly. A shallow market means your own order moves the price against you — going in, and again coming out. A firm that lists thin coins without accounting for that is either absorbing the cost silently, or quietly passing you a fill far from the price you saw.

How we handle it, plainly:

  • The cost is shown before you confirm. The order ticket estimates the full round-trip cost of the position you are about to open, and warns you when the market is too thin for the size. If it says "thin market, consider a smaller size", that is the platform telling you the honest price of that trade, not blocking you.
  • Position size is capped per asset. Total exposure in any one coin is limited relative to your account, and the thinnest instruments are capped tighter than the majors. You cannot accidentally take a position an illiquid book cannot support.
  • Fills include market impact. A large order in a shallow market fills worse than a small one, exactly as it would on a real exchange. We would rather model that than pretend it does not exist.

⭐ The practical rule of thumb: if the estimated round-trip cost is over about 1%, the market is telling you the size is too big for that book — not that the coin is untradable.

Spot, not just leverage

There is one more thing most firms do not offer at all: unleveraged spot crypto.

A spot account trades at 1× — you hold the coin, there is no liquidation, and a drawdown is just the market moving. For a patient trader who wants to hold a position through volatility rather than get stopped out by it, that is a completely different instrument from a leveraged one. Spot is crypto-only on our platform.

It is not automatically better. Spot gives up the ability to size beyond your balance and to profit from a falling market. But it exists, and if it suits how you trade, it is worth knowing that the option is there.

What to ask before you pay — any firm, not just us

  1. Ask for the actual instrument list, not the category. "Crypto" can mean four coins.
  2. Ask how thin markets are priced. If the answer is vague, you will find out at your first fill in an illiquid coin.
  3. Ask whether there is a per-asset exposure cap and what it is. A cap is a good sign — its absence means nothing is stopping you from taking a position the book cannot absorb.
  4. Check whether the rules change by instrument. Ours do not: the same risk rules apply across crypto, forex and metals.

The honest caveat

A long instrument list is not an edge by itself. Most traders who fail do so on the risk rules, not on instrument availability — and trading a thin memecoin at size is one of the faster ways to find that out.

The list matters if you already have an edge in a specific part of the market and need a firm that can actually serve it. If you are still looking for that edge, more instruments mostly means more ways to lose.


Every rule is published before you pay, and every payout carries an on-chain transaction hash you can verify yourself — see the payout record. If that is the kind of firm you are looking for, see the account options.

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