FTX Exchange is a cryptocurrency exchange specialising in offering a derivatives trading platform for traders. FTX have plenty of secondary features which make their exchange experience one of the most enjoyable in crypto. You can learn more about CoinDiligent on our “About” page. FTX’s liquidation engine sends traders reasonable and volume-limited liquidation warnings to gradually close positions that drop below their maintenance margin of 4.5%. FTX Review. Rene Peters April 30, 2020 0. Sign Up To FTX Through The below Button to Get A 5% Discount on all Trades. Overall, the trading interface is very clean and intuitive. FTX Review: Conclusion. Making a deposit to FTX is easy. The perpetual swaps offering of FTX includes popular coins like Bitcoin, Ether, BNB, and Bitcoin Cash, but also more exotic products like an “Altcoin Index” and even a “Shitcoin Index”. BitMEX vs FTX Review: Which margin exchange is better? As derivatives continue becoming an increasingly important component of the cryptocurrency space, it’s crucial that new exchanges join the landscape and bring new functionalities to the table. Instead, users type in the amount of margin that they want to use, and the exchange calculates the required leverage automatically. FTX is one of the newest cryptocurrency exchanges that has gained so much popularity quickly. Introduction . Share. This sounds complex at first, but an easy example is their ADABULL token, which is a 3x long Cardano token. Once a trader has set their options up, they can request a quote from FTX, who will generate a bid or offer for the option contract in just 10 seconds. However whilst they do have an excellent security record, they are relative newcomers to this game, having only been … In total, FTX valued themselves at $1 billion through the token sale. Some examples of leveraged tokens offered by FTX include LEOBULL (3x long LEO), 3X Short TRX Token (3x short TRX), and ETHHEDGE (1x short ETH). – These MOVE contracts expire after just one day, making them an interesting trading product for day traders who like positions closed by the end of the day. FTX Exchange Review – The Best Up and Coming Exchange? FTX is a cryptocurrency exchange built by traders, for traders. In-depth orders ensure fast execution, and you can conduct margin trading with up to 101 times leverage. This article reviews the FTX exchange, looks at how it works, and why you may want to use it over other cryptocurrency exchanges. For the majority of these assets, futures contracts aren’t available anywhere else. FTX offers different trading options from spot to unique derivatives, exclusive to the platform. The FTX exchange is mostly a derivatives exchange, which means that users don’t actually trade the underlying assets (There are a few spot markets). Once you are on either of the two pages, you can now place your first trade on FTX! The exchange claims to offer a special trading platform built by traders for traders. FTX is both an exchange and a derivatives trading platform for cryptocurrency. In the first of our cryptocurrency exchange review series, we decided to undertake an analysis of the FTX derivatives exchange using our detailed review matrix. Luckily i was able to track and recover my funds thanks to fightingscams at AOL dot com. Although the exchange is very active on Twitter as well and often provides updates on the official account, it does not reply to support inquiries via that medium. FTX Exchange Review 2020 – Fees, Pros & Cons Covered. Although the final sum was undisclosed, the multi-million dollar deal is a testament to the quality of the FTX.com platform and trading infrastructure. Thanks for pointing that out. FTX has quickly become a crowd favorite among Traders since the exchange launched in May 2019. FTX.com was originally incubated and developed by Alameda Research, a quantitative trading firm established in 2017, who manage a $100 million portfolio of digital assets and are one of the top market makers for BitMEX, OKEx, and other derivatives exchanges. FTX is a cryptocurrency derivatives exchange that is quickly establishing itself in an ever-expanding segment of the crypto trading market. The ‘Quant Zone’ is another interesting upcoming feature of the FTX exchange. Enjoy #DeFi with the Best Prices across Exchanges. The list of FTX’s partners includes firms like, The first step when getting started on FTX is. For the average user, maker fees will be 0.02%, while taker fees are 0.07%. In the event of a failure of FTX’s liquidation engine, for example a sudden and unexpected drop in the price of BTC, the insurance fund would be used to pay traders whose positions had been unfairly closed at a loss. A tongue-in-cheek basket of 50 so-called ‘shitcoins’, the. For example, if a trader opens a call for BTC at a $7,000 strike price, but the price reaches $7,100 by the time the contract expires, the trader would have a right to buy $7,100 worth of BTC for $7,000. Around 5% of non-FTX owned FTT tokens are also set aside in the unlikely event that the insurance fund runs out of money to pay customers. On the “Leveraged tokens” tab, users can trade 45 different leveraged tokens. Even though FTX is one of the newest cryptocurrency exchanges, they’ve managed to gain popularity by offering unique products, such as leveraged tokens. © 2020 Blokt - Kingford Enterprise Limited, Richmond Bridge House, 419 Richmond Road, Richmond, Twickenham, TW1 2EX, UK. Breakdown. It’s proven quite popular too – according to CoinGecko, the fund has had $650,000 trading volume in the last 24 hours at the time of writing. Elliot is a blockchain, fintech and cryptocurrency copywriter from the UK. FTX Review – The Most Innovative Exchange. 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