FTX Token Coin PNG Transparent Images

Submitted by on Sep 3, 2021

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FTX, a cryptocurrency derivatives trading platform, became live On May 8, 2019. Alameda Research was the company that started it all. Binance bought stock in the firm in December 2019 and invested in the platform’s FTX Token for the long run.

Binance stated that FTX had an average daily volume of roughly half a billion dollars across all of its products at the time of its December 2019 investment.

FTX bought Blockfolio, a retail investing software that lets users to keep track of the value of their bitcoin holdings, in August 2020.

FTX provides about 60 “futures” contracts, either with a set expiration date or permanent. The contracts are all priced in US dollars versus a cryptocurrency or a cryptocurrency index. The platform provides daily, weekly, and quarterly expiration contracts as well as leveraged directional (up, down) contracts on the net price movement in the US dollar value of the underlying cryptocurrency between the start and end of the term.

FTX debuted monthly-expiring oil futures pegged to the West Texas Intermediate (WTI) benchmark in April 2020. The futures expire at the spot price of WTI crude oil + $100; at the time of the introduction, the CME Group’s New York Mercantile Exchange’s nearest month crude oil futures were trading at negative price levels for the first time in history. Users must pass FTX’s KYC level 1 to trade, and they cannot be citizens of the United States, the United Kingdom, the European Union, the United Arab Emirates, Canada, Hong Kong, Singapore, Cambodia, Turkey, or China. According to FTX’s CEO, Sam Bankman-Fried, the exchange is aiming to introduce a digital currency based on oil futures.


The FTT is the FTX blockchain’s native token. According to the firm at least three rounds of issuances of the “utility” token have taken place. FTT can be used as collateral for trading on the platform, and it pays out a part of the earnings from the futures trading insurance fund. Holdings of at least $100 in value may result in trading charge reductions, depending on the quantity retained.

FTX offered up to 15 million FT tokens in March 2020, which gave investors an ownership stake in the firm. The tokens were sold for $2.00 each. The tokens do not have any voting rights linked to them.


On May 22, 2020, FTX launched FTX.US, a cryptocurrency trading platform situated in the United States. Bitcoin, Litecoin, Ether, Bitcoin Cash, Paxos Gold, and US dollar Tether were among the pairs featured on the platform.


FTX announced the launch of Serum, a DeFi-driven derivatives trading platform, in late July 2020. According to the new platform, Derivatives contracts will be operated on the blockchain from the Solana Project, whose native coin is called SOL, according to the white paper. The platform is meant to be “trustless,” with each party placing collateral and automated penalties in place if contract performance is not met.

Tokenized Stocks

Bankman-Fried said that FTX will create a marketplace for bitcoin- and stablecoin-priced U.S.-listed shares, including Tesla and Amazon, claiming that the business intended to expand stock trading access for clients who face market restrictions. The equities will be “tokenized,” which means they will be accessible in fractions of full shares. The platform’s start date was not specified, however registrations for trading began on October 29, 2020, when it was announced. Equity trading on the FTX is not available to citizens of the United States.

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