FTX exchange is a margin trading platform that has quickly grown itself in an ever-expanding segment of the crypto market.
The exchange has generated a significant
amount of positive reputation among the crypto trader’s community and robustly boasts high
daily trading volumes. Considering
that the platform is quite new in the market, and the
fact that FTX is not
accessible across the US because of governmental reforms.
FTX crypto exchange
was first introduced in the market in May 2019. It provides multiple trading
options such as Bitcoin options, leveraged tokens,
perpetual swaps, MOVE contracts, and prediction markets. This platform excels in providing
access to spot trading and it supports financial transactions in fiat and other
cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and stablecoins. FTX
exchange aims to cater to both new and advanced traders alike by offering
multiple trading options.
The
platform is famous for facilitating an OTC service for individuals interested
in making large crypto purchases. Moreover, there is a mobile app for this
exchange that assists users who like to keep up with their accounts anytime and
anywhere.
FTX Exchange Key Features
As a
constantly evolving margin trading platform, the FTX crypto exchange has been attracting a great number
of users by delivering numerous advanced trading products. The platform is also
known for introducing unique options like no other platform. It is the very
first platform to provide leveraged tokens, move contracts, and market indices.
The trading
platform adepts at catering to both institutional and retail traders and
facilitate high-end trading features including low fees structure, deep
liquidity, fast transaction speed, and much more. In addition to its OTC desk, the
platform also provides TradingView charts, extensive customer service support,
and IOS and Android mobile apps.
Here
enlisted are some of the key features of FTX exchange:
- Fiat Transfers:
traders on this platform can make transfers in currencies such as USD, EUR,
CAD, GBP, and AUD. Moreover, users are allowed to make deposits via credit or
debit card.
- High Leverage (101x):
traders on this platform can maximize their profit potential via the high
leverage option on their initial margin.
- Stablecoin Settlements: Users are able to easily convert financial assets within their
accounts and trade all with one margin wallet.
- Institutional Services: FTX exchange offers order books, deep liquidity a liquidation
fund, unlimited withdrawals, and an OTC desk.
- Customer Support: FTX guides its account holders to navigate the platform and also deliver
chat groups in more than 10 languages.
Tradable Products on FTX
The management
of the FTX exchange pinpointed multiple gaps in the market and worked towards
introducing an exchange that offered innovative trading products. Presently,
users are allowed to take part in futures trading with more than 20 financial
assets and 45 other tokens can be traded with leverage. This FTX crypto exchange
also facilitates users looking to engage in more spot mediums of trading.
Leveraged Tokens
Up to 101x
leverage is available on the platform, although FTX places maximum leverage of
10x on all accounts by default as a safety precaution.
The
exchange also provides over 45 different leveraged tokens which present a
relatively straightforward way for users to get leverage, and the BULL and BEAR
tokens automatically manage their exposure and rebalance daily in order to
maintain their target leverage and prevent liquidations.
These act
as ERC20 tokens which allow you to go 3x long or 3x short in a variety of
popular digital assets including BTC, ETH, LINK, XTZ, BNB, and XRP.
MOVE Contracts
FTX crypto
exchange tends to offer pioneering MOVE contracts, serving as futures that
expire in line with raw BTC moves within a specific time span (daily, weekly,
or quarterly). This feature allows the traders to make profits regardless of the
direction of market movements as users trade on the amount of Bitcoin. With this
kind of contract, the overall volatility of BTC price serves as the main
determinant of a contract’s value.
Conclusion
Concluding
this FTX exchange review, this platform is proving to be one of the safest and customer-centric
destinations for individuals looking to perform leveraged trades on retail and
institutional levels. The exchange offers Bitcoin options and cryptocurrency
futures linked to both popular and overlooked tokens. Moreover, the exchange
allows leverage of 101x, and unique products including prediction market tokens,
MOVE contracts, crypto indices, and OIL futures contracts. At last, functions
such as stablecoin settlements, margin wallet conversions, the liquidation
fund, and the mobile app are compatible with the use of everyday retail traders.
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