FTX is a native ERC20 token designed for the cryptocurrency derivatives exchange FTX. It has numerous uses designed to benefit its users and increase network effects around the platform. FTX is a cryptocurrency derivatives exchange launched in April, 2019 that offers futures, leveraged tokens and over-the-counter trading. The platform is currently 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. 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.

This data was last updated 2020-10-28 04:21:14 UTC