FTX is a fast-growing cryptocurrency exchange with support for trading in the spot market, as well as a huge variety of unique derivatives and securities.
The platform was launched in May 2019 and quickly rose to the top in terms of trading volume, earning a high reputation and trust in the community. FTX allows you to trade the most popular cryptocurrencies such as Bitcoin, Ethereum and Litecoin, and quickly adds emerging projects such as DeFi tokens.
FTX was founded by former Jane Street Capital trader Sam Bankman-Fried and ex-Google developer Gary Wang. Prior to the exchange, they launched Alameda Research, a successful trading firm that helps FTX maintain high order book depth. FTX's lead investor is another popular exchange, Binance. FTX is developed under the slogan "by traders for traders".
FTX is rapidly attracting new users with a variety of products available, including margin trading tokens, Bitcoin volatility (MOVE) contracts, Bitcoin hash rate (HASH) futures, stock market trading using cryptocurrencies, and so on.
FTX targets both retail and institutional investors. For the latter, it has its own over-the-counter (OTC) platform, where traders place large orders with minimal impact on the price of an asset.
To access the FTX trading platform, you can use the website or the official mobile apps for iOS and Android.
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FTX Is labelled as a close watch due to its many features having Low Fees, Tight Spreads, Deep Orderbooks, Upto 20X Leverage, USDT Futures & being backed by Alameda the largest liquidity provider and market maker in the space this shows it has the support as well as the backing to perform well within the market.
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