The FTX exchange is one of the most powerful and versatile crypto exchanges in the world and is known to offer some of the best features to the traders. This exchange is prominent among its competition, thanks to the high-end features it offers. As a new trader, you should know what the platform has to offer and what are some of its benefits before you start using it. This is a good practice as it can help you choose a platform that is most suitable for you.
FTX is an outstanding platform because it was created by crypto traders for crypto traders. Thanks to the availability of unique features and tools, this exchange has made its mark in the crypto market.
If you want to trade crypto for the first time then you should take your time to learn more details about your options. This brief FTX exchange review addresses some of the major benefits you can enjoy if you opt for it.
FTX Exchange Supports Leverage Trading
Trading with leverage is a prominent feature many crypto traders look for, especially those who have some experience in the crypto space. This is one of the most popular trading strategies and is also known to be a high-risk venture.
This type of trading allows the traders to borrow funds from the brokers and open bigger trading positions. The borrowed amount is called leverage. The bigger the trading position, the more chances of either getting high profits or high losses. As a new leverage trader you need to know that the profits are never guaranteed and any profits or losses purely depend on how the trade goes.
The amount that can be borrowed for opening a bigger trading positions depends on the leverage ratio offered by the exchange. Each exchange offers a different leverage ratio. Therefore, as a new trader you should carefully choose an exchange based on the leverage ratio it offers. The FTX crypto exchange offers one of the highest leverages in the market, which is up to 101x. This makes it a benefit for people who are looking to trade with leverage and want to opt for FTX.
Low and Competitive Fees
One of the several benefits of the FTX exchange is that it is known to offer one of the lowest fees in the industry. The fee charged by an exchange is one of the top aspects that should be considered and analyzed by every crypto trader for several reasons.
One of the reasons is that even though every exchange charges a fee that you have to pay, some platforms include hidden and additional charges. Using such a platform can be unsafe and unsuitable for you. Therefore, it is important that you use a FTX platform to trade crypto.
The details of the FTX exchange fees are mentioned below.
For futures contracts:
- 0.02% trading fee for market makers
- 0.05% trading fee for market takers
For leveraged tokens:
- 0.10% creation and redemption fee
- 0.03% maintenance fee
As a potential user of the exchange you should also know that this exchange does not charge any fee for deposits or withdrawals.
Variety of Trading Products
The FTX exchange has a lot of positive points, but one of its most unique aspects is that it is a versatile and powerful trading platform. This exchange supports trading but it is not limited to a single asset class. In fact, this exchange allows the trading of various trading products and asset classes. This is yet another benefit of the exchange because the availability of various trading products makes the exchange more accessible to a larger audience.
It grabs the attention of versatile traders as it supports trading products such as the ones mentioned below.
- Options Market
- Spot Derivatives Market
- Leveraged Tokens
- Futures Market
- Tokenized Stocks
Feature for Institutional Traders
This particular benefit is for the institutional traders who want to purchase digital currencies in very high volume. This feature is called the OTC desk option. With the help of this feature, the platform provides the liquidity that is required to complete the transactions and the fee is also zero.
As mentioned above, the FTX crypto exchange is a versatile trading platform that supports various currencies. The traders who want to trade can choose from several digital assets, crypto indices, fiat currencies and tokens.
Some of the available cryptocurrencies include:
This platform also enables traders to hedge their crypto exposure as there are several crypto index funds available. Some of the indices supported by the exchange include:
- Altcoin Index
- Exchange Token Index
- Midcap Index
The FTX exchange is one of the top trading platforms in the industry and offers some of high-end features that benefit the traders using the exchange. If you want to use this platform you should take a look at the information mentioned above.