FTX Token (FTT) is the native cryptocurrency token founded by Sam Bankman-Fried and Gary Wang in 2019. The founders are both MIT graduates and are respectively the CEO and CTO of Alameda Research, a leading quantitative trading firm that manages billions of dollars in cryptocurrencies.
Coinbase Ventures and Sequoia Capital (the latter incubator of most of the most successful companies listed on Nasdaq) have placed their trust in FTX Token (FTT), conferring significant investments. These two well-known companies have seen the enormous growth potential of this new reality.
FTX's main base of operations is in Hong Kong. FTX Trading Ltd is a company incorporated in Antigua and Barbuda. FTX Token (FTT) is a product designed by professionals with proven experience in the sector and covers multiple services: from guarantee to maintenance margin to liquidation processes and product quotation.
FTX Token (FTT) also claims to be focused on rapid development cycles enabling them to scale cryptocurrency trading systems at a competitive pace.
The exchange provides access to regular spot trading and supports fiat money transfers for a wide range of cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and some stablecoins.
Trading in cryptographic derivatives allows, in addition to the usual trading options (buying and selling of the underlying assets), also to operate using leverage to trade futures, options trading, and perpetual contracts.
FTX Token (FTT) is intended to meet the needs of both retail and institutional traders by offering the latter a wide range of products and services. FTT is the native token of FTX and is "the backbone of the ecosystem". The FTX developers have decided to dedicate a third of all exchange revenue to "burned out tokens" to ensure that the scarcity of tokens is maintained in the system until half of them are destroyed.
The prices of the main centralized exchanges are sold aggregated by the YouHodler team to provide traders with an accurate FTX Token (FTT) price and chart.
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You can easily earn interest on your FTX Token (FTT) by depositing it into a YouHodler savings account.
By depositing your FTX Tokens (FTT) as collateral with YouHodler, you can get a loan in stablecoins at the best conditions on the market!
By trading on YouHodler, you can accumulate cryptocurrencies by taking advantage of the market's volatility.