FTX is a cryptocurrency exchange built by traders for traders. FTX offers innovative products, including derivatives, options, volatility products and leveraged tokens.
The team behind FTX consists of some of the biggest crypto traders of the past few years who decided to launch their platform after finding problems with most mainstream crypto futures exchanges. FTX claims to be distinguished by features such as clawback prevention, a centralized collateral pool and universal stablecoin settlement.
Another feature of FTT is leveraged tokens, which allow traders to take leveraged positions without trading on margin. If a trader wants to short Bitcoin with a leverage of 3x, he or she can buy a 3x short Bitcoin leveraged token on FTX. These tokens are ERC20-compatible and can be listed on any spot exchange. FTX currently offers XRP, BNB, TRX, BTC, ETH, EOS, USDT and LEO leveraged tokens.