Cryptocurrency Q&A
What is FTT crypto?
What is FTT crypto?
MysticChaser
Sat Oct 19 2024
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6 answers
896
FTT crypto is the native token of FTX exchange, launched in 2019. It offers holders discounts on trading fees, VIP benefits, and can be used as collateral for derivative trading. However, FTT's value was severely affected by the collapse of FTX in 2022, raising concerns among investors.
6 answers
EclipseRider
Mon Oct 21 2024
FTT, the indigenous digital asset of the FTX platform, serves as the backbone for a comprehensive suite of cryptocurrency derivatives offerings. This exchange specializes in providing traders with access to futures contracts, a financial instrument that allows for the buying and selling of assets at a predetermined price and future date.
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CryptoNinja
Mon Oct 21 2024
In addition to futures, FTX also offers leveraged tokens, a unique product that enables investors to gain exposure to the performance of various cryptocurrencies with leveraged returns. This feature amplifies both gains and losses, offering a high-risk, high-reward opportunity for traders.
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alexander_clark_designer
Mon Oct 21 2024
Another notable aspect of FTX is its OTC (Over-The-Counter) trading desk, catering to institutional investors and high-net-worth individuals seeking large-scale transactions without impacting public markets. This service promotes privacy and flexibility for clients engaging in substantial cryptocurrency deals.
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Maria
Mon Oct 21 2024
Despite the innovative products and services offered by FTX and similar exchanges, the futures market in the cryptocurrency space continues to grapple with significant challenges. These flaws, if left unchecked, could hinder the overall growth and adoption of this emerging asset class.
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Sofia
Sun Oct 20 2024
One of the primary issues facing futures exchanges is the lack of standardization and regulation. The absence of clear guidelines and oversight can lead to market manipulation, unfair trading practices, and a general lack of trust among participants.
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