FTX (sometimes referred to as Ftx) is a cryptocurrency exchange platform created in 2019 by Alameda Research, a quantitative trading firm. FTX has grown rapidly since its launch and now provides retail investors with access to crypto spot markets, futures markets, leveraged tokens, options contracts, and derivatives products such as volatility indices.
The company behind FTX was founded by Sam Bankman-Fried who previously worked at Jane Street Capital and Susquehanna International Group before launching the exchange. The team behind the project contains experienced traders from major Wall Street firms including Goldman Sachs and Citadel Securities.
FTX offers an intuitive trading interface that allows users to buy and sell cryptocurrencies quickly via various order types such as limit orders, market orders or stop orders. It also features customizable charts with technical analysis tools for more advanced traders. In addition to spot trades for both crypto/fiat pairs such as BTC/USD or ETH/USDT , it also offers several other services:
– Futures Markets: Users can trade Bitcoin futures on leverage up to 101x with low fees of 0%.
– Leveraged Tokens: These are special digital assets built on top of existing coins which allow users to gain exposure to those coins while leveraging their positions up to 3x . For example if you buy 1 unit of BTCUP you will get 3 units worth of exposure in total (1 unit invested + 2x leveraged).
– Options Contracts: This feature enables users to hedge against unfavorable price movements in either direction without taking any directional risk. They offer call & put options expiring every week which can be used for hedging or speculation purposes depending on your strategy.
– Volatility Indices: A proprietary index designed by FTX called “Volatility Index” tracks the implied volatility across all major cryptocurrencies allowing investors an easy way into understanding how much movement they should expect over time when investing in certain cryptos .
Overall FTX is a great option for anyone looking for access into the world of cryptocurrency trading whether you are just starting out or have been tracking prices closely since inception . With low fees , intuitive user interface , wide range of products available it’s definitely worth giving them a try !