FTX exchange is a crypto derivative trading platform that has quickly established itself in an ever evolving and expanding arena of the crypto market.
The exchange has excelled in making a positive statement among the crypto trading community and it boasts high trading volume daily. This growth is quite impressive considering the recent establishment of the platform,
Throughout this FTX exchange review, you will discover all the ins and outs to this exchange including the contracts and coins it offers, its fees, security, and more.
Introduction
The FTX crypto exchange was introduced in 2019, providing wide range of trading options including, 20 perpetual swaps, over 45 leveraged tokens, markets prediction, MOVE contracts, and Bitcoin options. Moreover, users at this platform can use the option of spot trading and fiat transfer to make a trade. The platform supports multiple cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and a variety of stablecoins. FTX exchange targets both institutional and retail traders while providing a collection of services and tools to achieve elicit outcomes.
Traders can also choose the OTC service on the platform to make maximum crypto purchases. There is also a mobile app that suits anyone who likes to keep up with their accounts anytime and anywhere.
FTX Main Features
As an emerging crypto derivative trading platform, FTX has been attracting users at an impressive rate by providing a wide range of advanced trading products.
Because of its multiple trading options, FTX crypto exchange is quite popular among both commercial and institutional traders. The platform was one of the very first exchanges to introduce unique trading options including MOVE contracts and leveraged tokens that gave an edge to FTX over other trading platforms.
The platform comprises of solid trading features such as tight spreads, low fees, in addition to an OTC desk, extensive customer service support, Trading View charts, and iOS and Android mobile apps.
Here is a rundown of other significant features of FTX exchange:
· Fiat Transfers: Traders are allowed to make transactions in the currencies such as USD, EUR, CAD, GBP, and AUD. Moreover, user can make deposits via credit card.
· Easy Conversions/ Settlements: it offers users flexibility of converting currencies within their accounts and then trade all derivatives with one margin wallet.
· Set 101x+ leverage: FTX crypto exchange provides maximum leverage ratio as compared to other trading platforms and help traders maximise their profit potential.
· Institutional Scale Services – FTX provides the facility of orderbooks, deep liquidity, liquidation fund, unlimited withdrawals, and an OTC desk.
· 24/7Customer Support: The staff at FTX proactively assist its users and account holders to explore the platform as well as deliver chat options in more than 10 languages.
Tradable Products on FTX
The team which established FTX discovered some loopholes in the crypto market and came up with innovative trading services and products such as futures, leveraged tokens, options, MOVE contracts, and prediction markets.
Right now, traders can easily opt for futures trading on more than 20 assets while over 45 tokens and other crypto assets can be traded with leverage. The FTX exchange also caters for users looking to engage in more straightforward spot trading.
Futures
FTX supports 20 popular cryptocurrencies such as BTC, ETH, BNB, and LINK on both quarterly and perpetual futures market. The trading platform also facilitates Index Futures, a feature that allows users make trades on multiple segments of the crypto market smoothly. These trades consist large-cap coins (ALT-PERP), mid-caps, (MID-PERP), and small cap coins (SHIT-PERP).
User can also trade exchange tokens such as:
· (EXCH-PERP),
· privacy tokens (PRIV-PERP),
· regional baskets (DRGN-PERP)
Options
Bitcoin options are also available on FTX exchange to be traded with the options contracts. Traders are allowed to make an open call or put options contracts that work as ‘right to buy’ and ‘right to sell’ positions. Similarly, this happens in the futures contracts, traders can choose either to go long or short with leverage.
In general, options contracts on FTX exchange support trade of “the right” to buy or sell an underlying asset at a set price, by a set time/date. Moreover, FTX’s options are customizable in different ways as users can configure strike prices and expiration times as they like.
Also Read: Margin Trading & ByBit Leverage
Conclusion
FTX exchange is making its place in the saturated market of crypto trading by offering one of a kind trading solution such as MOVE contracts, OIL futures contracts, crypto indices, and prediction market tokens. On top of this, the platform allows leverage of 101x which allow traders to maximize their profits with minimum capital.
If you are looking for a derivatives platform to start your crypto trading experience then FTX exchange is the one to go for.