Cryptocurrency Strategy & Education

Cryptocurrencies have shown relatively low correlation to economic fundamental data and other markets, leaving technical analysis and crypto-specific news as the main drivers for analyzing them.


What is FTX Exchange?


FTX Exchange is a leading centralized cryptocurrency exchange specializing in derivatives and leveraged products. Founded in 2018 by MIT graduate and former Jane Street Capital international ETF trader Sam Bankman-Fried, FTX offers a range of innovative trading products, including derivatives, options, volatility products, and leveraged tokens. It also provides spot markets in over 100 different trading pairs, such as BTC/USDT, ETH/USDT, XRP/USDT, and its native token.


KEY TAKEAWAYS


  • FTX is a centralized cryptocurrency exchange specializing in derivatives and leveraged products. It supports the most commonly traded cryptocurrencies.
  • FTX offers user-friendly desktop and mobile apps with multiple order types, making the exchange suitable for beginners and seasoned professionals.
  • FTX’s key product offerings include futures, leveraged tokens, options, MOVE, and spot markets.
  • The exchange recently entered into a sponsor partnership with NBA champion Stephen Curry.

Basics of FTX Exchange


FTX’s wide range of products and easy-to-use desktop and mobile trading apps make it suitable for crypto investors of all skills levels, from beginners to seasoned professionals, or in crypto jargon, from newbies to whales. The FTX platform offers a comprehensive range of order types, from basic market orders to more complex trailing stop orders.


As of the third quarter of 2021, competitive trading fees start from 0.07% to 0.04% for futures and spot markets, based on the maker and taker model. Meanwhile, leveraged tokens carry a creation and redemption fee of 0.10% and a daily management fee of 0.03%. FTX supports 10 fiat currencies that investors can deposit and withdraw via a wire transfer: USD, EUR, GBP, AUD, HKD, SGD, ZAR, CAD, CHF, and BRL. FTX doesn’t charge deposit or withdrawal fees for crypto assets; however, fiat withdrawals below $10,000 attract a $75 fee.

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