FTX describes itself as a crypto derivatives exchange. FTX offers products including derivatives, options, volatility products and leveraged tokens. The team reportedly comes from Wall Street quant firms and tech companies including Jane Street, Optiver, Susquehanna, Facebook, and Google.

FTX is a cryptocurrency exchange built by traders, for traders. FTX exchange 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.

FTX’s wide range of products and easy-to-use desktop and mobile trading apps draw crypto investors of all skill 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.

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 exchange-traded funds trader Sam Bankman-Fried, FTX offers a range of trading products, including derivatives, options, volatility products, and leveraged tokens. It also provides spot markets in over 100 cryptocurrency trading pairs such as BTC/USDT, ETH/USDT, XRP/USDT, and its native token FTT/USDT.

Is FTX Regulated?

FTX.com is a cryptocurrency trading exchange that is incorporated in Antigua and Barbuda with its headquarters in Hong Kong. The trading platform is currently not regulated and US customers are not allowed to use the services. Residents in the States can use FTX.US, a partner entity serving the United States citizens and is a regulated company. For more legal information, users can read here: Legal – FTX Exchange

Is FTX Exchange Safe?

FTX uses several bank-like security features to ensure the safety of user’s personal information and security of funds stored on the crypto exchange. To date, there have been no reported hacks or security incidents which can be attributed to a high standard of security such as cold wallet storage and two factor authentication to provide a safe and secure trading environment.

Futures:

FTX has over 100 futures pairs that can be traded using a stable coin 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 to long or short Bitcoin and other coins by 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 Exchange Insurance Fund which activates when an account is at risk of liquidation and to mitigate the risk of claw backs. 

Key Takeaways

FTX Exchange is a centralized cryptocurrency exchange specializing in derivatives and leveraged products. It supports most commonly traded cryptocurrencies.
FTX’s key product offerings include futures, leveraged tokens, options, MOVE contracts, and spot markets.
FTX is based in the Bahamas and does not serve U.S. residents, who can trade on FTX US instead.
FTX and FTX US are affiliates with overlapping management teams but separate capital structures.

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