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The FTX exchange is a versatile and powerful trading platform that is well-known around the globe. This exchange has a huge customer base and is known for several reasons. The features and services it offers to the users sets it apart from other platforms.
One of the most prominent and distinctive features of FTX is that it was created by the crypto traders for the crypto traders. It is also a suitable platform for all kinds of crypto traders, whether they are beginners, experts or institutional-level. There is an OTC Desk option for the institutional level traders.
However, there are several other benefits of using this exchange, which you can learn about in this brief FTX exchange review.
FTX Exchange Offers One of the Highest Leverages
Leverage trading is one of the most popular forms of trading. It is often looked for by the experienced crypto traders and is also now grabbing the attention of beginners. However, trading with leverage requires the traders to have proper information about this type of trading before they begin.
Trading with leverage means the traders can borrow funds from the brokers, which is called leverage. With the help of the borrowed amount the traders can open bigger trading positions, without investing a lot of their own money. The higher the leverage, the higher the benefit.
However, it is crucial to know that there is no guarantee of getting profits as crypto trading is unstable. Therefore, the possibility of getting huge financial benefits, the chances of experiencing huge financial losses is also increased.
This is why, it is important to be familiar with the concept first and then choose a suitable platform such as FTX crypto exchange. This platform offers one of the highest leverages in the market, which is up to 101x.
Various Trading Products Available
Another benefit of using the FTX exchange is that as a user you will have access to several trading products. This exchange is known to offer support to various asset classes and products that include crypto indices and leveraged tokens and more.
Such an exchange that offers numerous options to the crypto traders is often preferred by the traders and is perceived to be a capable platform.
If you are looking to use this exchange then you should know the trading products available, as mentioned in this brief FTX exchange review.
- Futures Market
- Leveraged Tokens
- Options Market
- Spot Market Derivatives
- Tokenized Stocks
Fee Charged by the Exchange
The FTX exchange fees is one of the top factors every potential user needs to know about if you want to use the platform. It is also one of the advantages of using the exchange that you should know about.
The fee structure of an exchange plays a major role in deciding whether the platform is suitable to be used or not. This is because, some crypto exchanges charge a high fee that often includes charges not disclosed beforehand.
Therefore, to avoid using such an exchange it is important that you take a look at the fee structure of the platform you want to use and choose it if the fee structure is transparent and fair.
The FTX exchange has one of the lowest and competitive fee structures for all kinds of trades. Here are the details of the fee charged:
- 0.02% market maker fee
- 0.03% maintenance fee (for leveraged tokens)
- 0.05% market taker fee
- 0.10% creation and redemption fee (for leveraged tokens)
- No deposit fee
- No withdrawal fee
Supported Crypto and More
The FTX crypto exchange is indeed a versatile crypto exchange that offers support to various asset classes. As a user of the exchange you can trade, tokens, stocks, fiat and digital currencies and crypto indices.
The supported digital assets include the following:
- Litecoin
- Ethereum
- Bitcoin
- Ripple
Some of the crypto indices that are supported by the FTX exchange are as follows:
- Midcap Index
- Exchange Token Index
- Altcoin Index
High Liquidity
Liquidity is yet another factor you need to know about and consider before you start using any exchange to trade cryptocurrencies or any other available product. There are exchanges that offer very high liquidity and while the FTX crypto exchange may have a lower liquidity than them, it is still a very high liquidity provider.
However, the liquidity it offers to the traders is not the only factor that sets it apart. It is also a powerful platform that is innovative and offers good features to the users. Therefore, this is yet another benefit you can enjoy if you choose the platform.
Conclusion!
The FTX exchange is one of the best trading platforms in the market. It is known for several features and is a versatile and powerful trading platform. As a potential user of the exchange you should know the details mentioned below.