FTX is a centralized cryptocurrency exchange (CEX) specializing in derivatives markets. It also facilitates spot trading, over-the-counter (OTC) transactions, leveraged and volatility tokens, and staking. Launched in May 2019, FTX operates under strict KYC (Know Your Customer) regulations, excluding U.S. traders from its main platform (they must use FTX US instead).
👉 Discover FTX's trading features
Key Markets & Offerings
FTX focuses heavily on futures and leveraged assets, offering:
- Perpetual and quarterly futures contracts
- Index trading to mitigate risk
8 major indices, including:
- EXCH (Exchange tokens: BNB, HT, OKB, LEO, FTT)
- DRGN (Dragon Index: ARPA, BTM, IOST, etc.)
- ALT (Altcoins)
- MID (Mid-cap assets)
- PRIV (Privacy coins)
- DEFI (DeFi tokens)
- WSB (WallStreetBets favorites)
Trading Pairs & Fees
- 100+ spot trading pairs with fiat (USD, EUR, GBP, AUD) or crypto.
- Tiered fee structure (0.020% maker / 0.070% taker for <$2M monthly volume).
- Leveraged tokens (up to 101x) incur a 0.10% creation fee + 0.03% daily management fee.
- Zero fees for OTC, wallet conversions, or deposits.
Additional Services
Tokenized Stocks
Trade fractionalized equities like TSLA, AMZN, and AAPL via tokenized assets.
FTX Stock Platform (Beta)
Launched in May 2022, enabling traditional stock trading alongside crypto.
FTT Token Benefits
- Fee discounts for holders (>$100 FTT).
- VIP tiers (up to 40% fee reduction for >$2M FTT holdings).
NFTs & VIP Programs
- NFT listings: $3 minting fee + 2% sales commission.
- Liquidity provider programs for institutional traders.
Company Background
Founded in 2019 by Sam Bankman-Fried (CEO) and Gary Wang (CTO), FTX grew rapidly:
- 2021 valuation: $32B after raising $2B.
- Peak monthly volume: $400B+ (April 2021).
- Partnerships: Miami Heat’s FTX Arena, MLB, Mercedes-AMG F1 team.
- Charity: 1% of revenue donated via FTX Foundation.
FAQs
1. Can U.S. residents trade on FTX?
No, but they can use FTX US, a separate compliant platform.
2. What are FTX’s trading fees?
Fees start at 0.020% for makers and 0.070% for takers, scaling with volume.
3. How do leveraged tokens work?
They amplify exposure (up to 101x) without margin requirements, with a 0.10% creation fee.
4. What’s unique about FTX’s indices?
They group assets by themes (e.g., privacy coins, DeFi) for diversified exposure.
5. Does FTX support NFTs?
Yes, with a $3 minting fee and 2% transaction commission.
6. How does FTT token reduce fees?
Holders get discounts (e.g., 40% off fees for VIPs with >$2M FTT).
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