FTX – Cryptocurrency Exchange Volume and Information

FTX is a cryptocurrency exchange built by traders, for traders. FTX offers innovative products including industry-first derivatives, options, volatility products and leveraged tokens. We strive to develop a platform robust enough for professional trading firms and intuitive enough for first-time users. The exchange has generated a significant amount of positive sentiment among the crypto trading community and already boasts high daily trading volumes. This is quite impressive due to the relative youth of the platform, and the fact that FTX is unavailable to anyone based in the US.

FTX is a crypto exchange backed by Alameda Research, a top cryptocurrency liquidity provider. It is among the top five derivatives exchanges by volume. Binance, a leading cryptocurrency exchange, invested a large sum in FTX in December 2019. This shows that it is a promising and trustworthy platform.

Tradable Products

Let’s see different tradable products offered by FTX.

• Futures. It is a type of agreement to buy or sell an asset at a predefined price. It supports perpetual futures on more than 20 cryptocurrencies such as BTC, BNB, LINK, etc. FTX crypto exchange also offers Index Futures, which allows you to trade several segments of the crypto market with much more ease. They include large-cap, mid-cap, and small-cap coins. You can also trade exchange tokens, privacy tokens, and regional baskets. There are oil contracts that expire to the spot price of WTI oil.
• FTX Leveraged Tokens. These tokens provide you leveraged exposure to the cryptocurrency market without managing a leveraged position. FTX exchange provides 45 different leverage tokens. The platform offers up to 101x leverage. It places 10x leverage as default for safety. There are divided into three different categories: 1x tokens are known as Hedge. If ETH goes up by x%, ETHHEDGE goes down by the same percentage. 0.5x Long is known as HALF. If ETH goes by 2x%, it goes up by x%. 3x tokens are known as BULL or BEAR. The Bull tokens are ERC20 token. If ETH perpetual futures go up by x%, then the ETHBULL goes up 3x%, and ETHBEAR goes down by 3x%. The BULL and the BEAR tokens automatically rebalance themselves to maintain target leverage and prevent liquidations.
• FTX MOVE Contracts. Move Contracts allow you to trade based on the movement of the price of a specific cryptocurrency by risking only a small amount. The movement can be in either direction. They are futures that expire according to the raw amount of BTC. It can be daily, weekly, monthly, or quarterly. The weekly contracts need not correspond to the calendar week. The primary determinant is the overall volatility of the BTC over a set period. This feature attracts a lot of users to the exchange.
• Options. It offers a European style options contract. They give you the right to sell an underlying asset at a predefined date and price, but it is not mandatory. When you open an options contract, you can choose it as either ‘right to buy’ or ‘right to sell.’ You can trade long or short with leverage. Also, you can set your strike price and expiration time. After entering all the necessary information for setting up the options contract, you get a quote from FTX to generate a bid or offer the deal within 10 seconds. They are highly customizable. Also, read our Deribit Review: Bitcoin Futures and Options Exchange
• Spot Markets. It enables users to purchase cryptocurrencies and then trade them using traditional techniques using market matched orders. Popular digital cryptocurrencies such as BTC, ETH, LINK, FTT, BCH, BNB, USDT, BTMX, TRYB, PAXG, and XAUT are all available for spot trading.
• Prediction Markets. They enable users to trade in more traditional ways. It is similar to conventional betting. You can bet on any real-world event. You will either win, and the contract will settle at 100%, or you will lose at it will drop at 0%. One of the famous examples is that you can bet on who will win the upcoming elections. Each candidate will have their contract. The buy-in price will differ for each candidate, and it will depend on the likelihood of winning. They can long or short each contract.

FTX is a leading crypto derivatives platform that has partnered with the largest crypto exchange in the world, Binance. In this FTX exchange review, we will provide an overview of the exchange and how it differentiates itself from other platforms by assessing its features, user interface, products, trading fees and more. 

While we aim to provide you with accurate and the latest information in this FTX review, it's always best that you regularly visit the site to keep updated with any changes that may occur afterward.

The exchange also provides access to regular spot trading and supports transfers in fiat and a range of cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and a selection of stablecoins. FTX aims to cater for both retail and institutional traders and provides a range of products and services aimed at more dedicated traders. The platform also provides an OTC service for anyone interested in making large crypto purchases, while the mobile app suits anyone who likes to keep up with their accounts while on the go.

Key  Features:

• Futures, options, volatility, spot and leveraged tokens
• Up to 101 times leverage
• Competitive trading fees
• World's first crypto index futures (e.g. shitcoin index)
• Settlement in stablecoins
• Long or short 3x leveraged tokens with no margin
• Fee discounts using FTX token (FTT)

FTX is a cryptocurrency derivatives exchange that has been built by traders and designed to offer a powerful platform for professional trading firms, intermediate traders and beginners. Users on the platform have access to innovative cutting-edge trading markets such as derivatives, options, volatility products and leveraged tokens.

Products, Features & Benefits

FTX offers a beginner-friendly and easy to use trading platform with innovative products to buy or sell. The crypto exchange primarily focusses on providing a stable and secure derivatives market for cryptocurrency trading, in addition to the following pros and cons:

• Professional user-interface for trading on desktop or mobile app
• Start trading without KYC and withdraw up to $2,000USD daily
• Low fees and tight spreads due to deep order books and liquidity
• Up to 101x leverage on cryptocurrency trading pairs
• Leveraged tokens to SHORT or LONG with up to 3X leverage with no margin
• Stablecoin Settlement using a single margin wallet
• MOVE Contracts that settle to the absolute change in price of a coin over time
• VIP trading fee discounts with larger volume amounts and using the FTT token
• FTX Trading competitions and events
• 24/7 quotes for cryptocurrencies using OTC desk
• Comprehensive guides, FAQ section and responsive customer support team

As an emerging crypto derivatives trading platform, FTX has been attracting users at an impressive rate by providing a wide range of advanced trading products. The exchange has also been the first to launch a number of unique and innovative trading products such as leveraged tokens and MOVE contracts that have helped to set FTX apart. The team cater to both retail and institutional traders and incorporate solid trading features such as low fees, and tight spreads, in addition to an OTC desk, extensive customer service support, TradingView charts, and IOS and Android mobile apps.

Trading Derivatives

FTX offers a number of cryptocurrency derivatives products that can be traded on the exchange using a single margin wallet. The trading products offered include:

• Futures – users on the platform can trade futures on coins such as BTC, ETH, EOS, XRP, and USDT. Each coin has three futures: a contract that expire this quarter, a contract that expires next quarter and a perpetual future.
• Leveraged Tokens – tokens that can be bought and sold with up to 3X leverage that requires no margin requirements.
• Options – contracts that gives the holder the right but not the obligation to buy or sell at a future strike prices. Often referred to as 'calls' and 'puts'. Advanced traders can use options to hedge their position against price volatility.
• MOVE – contracts that represent the absolute value of the amount the price of a coin moves over a time period. 
• Spot – trades that follow the underlining price of the asset without margin or collateral

Futures

FTX has over 100 futures pairs that can be traded using a stablecoin such as USD or USDT as collateral. This means that profits and losses are based on USD prices without needing a bank account. There is also the option to use the same fiat currency as collateral for all of the contracts. The popular FTX Futures pairs by daily trading volume include:

• BTC-PERP - Bitcoin Perpetual Futures
• ETH-PERP - Ethereum Perpetual Futures
• XRP-PERP - XRP Perpetual Futures
• LTC-PERP - Litecoin Perpetual Futures
• BCH-PERP - Bitcoin Cash Perpetual Futures

Users can trade the futures pairs with margin up to 101x and benefit from taking advantage of comparatively small price movements. It also provides flexibility of a portfolio for greater exposure and make the capital go further than the user would be able to fund on their own. Each position on the futures exchange is backed by the FTX Insurance Fund which activates when an account is at risk of liquidation and to mitigate the risk of clawbacks.