FTX Token

FTX Token FTT

$3.80
Market Cap $ 358.879 MM (#51)
24h Volume $ 2.753 MM
Chg. 24h: -0.47%
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FTX Token project purpose and description

FTX Token clarity of purpose

FTX Token purpose and aspects

FTX is a cryptocurrency derivatives exchange that offers futures, leveraged tokens and OTC trading. FTT is the FTX ecosystem utility token.

FTX Token categories

Digital currencyExchangeCyber security

Short description

FTX is a cryptocurrency derivatives exchange built by traders, for traders. We strive to build a platform powerful enough for professional trading firms and intuitive enough for first-time users.

Abstract

FTX is a cryptocurrency derivatives exchange that offers futures, leveraged tokens and OTC trading. Currently, futures exchanges have many crippling flaws holding the space back. Our mission is to solve these problems and move the derivatives space toward becoming institutional grade. We launched FTX in April and already have among the world’s most liquid orderbooks. FTX futures have traded more than $100m per day recently, and FTX OTC has traded another $30m. Our goal is to become as profitable as Bitmex and OKEx within a year. This is not an easy feat, but we’ve received overwhelming support from top industry players who have reaffirmed the demand for a well designed derivatives exchange. We want to scale up as quickly as possible and build a community of strong supporters, and so we are conducting a token raise for people who want to help grow FTX.

Link to Roadmap: n/a
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