FTX
The platform offers a wide range of trading instruments: futures, tokenized stocks, leveraged tokens, options, move contracts, etc. It also exchanges fiat for popular cryptocurrencies. In addition, users can earn on predictions – to assess the likelihood of key political and economic events.
FTX offers favorable working conditions for both ordinary and institutional traders. As well as special conditions for active users with large trading volumes.
Pros:
- Trading platform for trading in the spot market and the derivatives market;
- Full featured mobile app for iOS and Android;
- A wide range of instruments for exchanges and investments: classic and perpetual futures, options, tokenized shares, leveraged tokens, volatility (options, Move and Bvol contracts), etc.;
- Balance replenishment using cryptocurrency/stablecoins and fiat;
- Buying cryptocurrency with a bank card;
- Loyal requirements for the number of confirmations for crediting a deposit: for Bitcoin 2 (instead of 6);
- Deposit and withdrawal in cryptocurrency without commissions;
- Discounts on trading commissions for high turnover and FTX token holders;
- Margin trading with leverage up to x20;
- Special conditions for large investors: unlimited withdrawal, OTC transactions, liquidation fund, etc.;
- Investment opportunities: landing, staking, prediction markets, NFT tokens;
- Additional earning opportunities: affiliate program, trader contests, Quant Zone, FTX Pay payment service;
- Own insurance fund (compensation for the uncovered liquidation of margin positions in the event of an extremely sharp market movement);
Cons:
- Difficulty of use for beginners;
- To work with fiat and to access other functions of the exchange, you must pass the 2nd level of verification (providing passport data, indicating the source of income, etc.);
- Lack of information about the current licenses and permits of the company;
- Does not work with users from some countries (USA, Cuba, Crimea, Antigua and Barbuda, Iran, Syria, North Korea;
- Lots of negative reviews online;