FTX Exchánge: Sign in to FTX Exchánge
FTX Exchánge was launched and developed by Alameda Research in 2019. Well, it has made its place in the crypto world by offering industry-first derivatives and exclusive volatility products. In December 2019, FTX has managed to secure funding from Binance and still, it is managing its influence in the cryptocurrency trading sector. The user interface is designed by the professional traders themselves for a better understanding of the application. FTX exchange strives to become a platform that is intuitive enough for beginners and powerful enough for seasoned traders.
Is the FTX Exchange Suitable for Beginners or not?
If you are in the beginners’ phase then please make no mistake about it, trading crypto and derivatives are the most complex financial instruments. With leverage and automation of currencies, trading cryptocurrency derivatives might be a difficult process for new traders. That’s why trading with leverage comes with high risk and is better suited for experienced traders. Now let us look at the wide range of features offered by FTX, well initially it was not designed for beginners. After all, FTX provides trading volatility products, including options, futures, and leveraged tokens that require a deep understanding of the underlying asset and the market itself. And, FTX still provides plenty of spot markets that are not available in other crypto exchanges. If you are a novice trader interested in low-cap digital assets, then you can also try your luck in FTX.
FTX New Volatility Products
FTX Exchánge is constantly advancing both its platform and supported trading assets. However, it is basically a crypto derivative platform that’s why it has expanded its boundaries to accommodate spot markets, oil futures, and more. And recently FTX has been working on ‘ABNB’ derivatives that represent the market if it continues with this innovative momentum, traders and investors are likely to see many new products available for trading on this platform.
Generally, FTX is a cryptocurrency derivatives exchange and you cannot trade any real assets. However, you can trade a derivative product that reflects the value of the underlying asset. This can be in contracts or tokens that show the price of the asset. FTX provides an exclusive array of tradable instruments, some of which are entirely unique to the crypto world.
Leveraged tokens are the financial assets that are uniquely designed for FTX exchange. They are ERC-20 tokens that reflect the real-world price. For example, BULLUSD is a 3x long BTC token – which means, for every 1% BTC goes up in a day, the asset increases in value by 3%.
FTX has four types of leveraged tokens:
- BULL is +3x
- BEAR is -3x
- HEGDE is -1x, and
- HALF is +0.50x.
The BULL, BEAR, and HEDGE tokens automatically rebalance themselves throughout the process to maintain the target leverage.
In the above read, we have discussed FTX Exchánge and is it good for beginners. So yes, it is totally compatible with beginners. However, if you are entering the crypto world then learn all the things about cryptocurrency and exchanges after that you can start to trade and invest in your most preferable assets. Also if you have any queries or issues with the FTX exchange then surely contact to customer support team or visit the FTX official website.