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What is FTX Token (FTT)?
FTX is a cryptocurrency derivatives exchange launched in April, 2019 that offers futures, leveraged tokens and over-the-counter (OTC) trading. It is backed by Alameda Research, a trading firm accounting for between $600 million and $1 billion of volume a day or roughly 5% of global volume.
How to buy FTX Token (FTT)?
The most popular and well-respected cryptocurrency exchanges are Coinbase, Gemini, and Crypto. They have been in the industry since the inception of crypto. To buy the crypto you are looking for, simply register for any of the cryptocurrency marketplaces below and claim the bonus sign-up offer as well.
Become an Insider
Best no-fee crypto app for free mobile trading?
Voyager is a mobile-first, commission-free cryptocurrency exchange trading platform for users around the world. Think of Voyager as the Robinhood equal, but for popular cryptocurrencies. The platform supports well over 50+ cryptocurrencies and continues to add to their robust crypto portfolio. Use the referral code ALB64A to be eligible for the $25 signup bonus after a $100 deposit.
How does FTX Token (FTT) work?
FTX was designed to prevent clawbacks using a three-tiered liquidation model that closes positions with rate-limited orders and leverages an insurance fund to prevent customer losses. Rather than fracturing liquidity across various tokens, collateral is shared in one universal stablecoin wallet to mimic the traditional futures market. FTX also allows traders to take leveraged or short positions without trading on margin or futures with their Leveraged Tokens that mimic the experience of trading on spot markets but allow 3x, -1x or -3x on various tokens. The FTX OTC desk is powered by Alameda and trades around $30 million per day with no fees.”
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