FTX is a popular futures and derivatives exchange for crypto. Their standout products include tokenized indexes, tokenized leveraged positions, and perpetual futures contracts.
Like Bitmex, FTX can’t be used by people in the United States. However, also like Bitmex, FTX is one of the top exchanges in 2020 for leveraging futures contracts. However, their options really go above and beyond what Bitmex offers due to their “ETF-like” indexes.
FTX also has a native token called FTT. Keep in mind all crypto is volatile, and this is even more true when leveraging crypto to the teeth via a tokenized derivative.
Save on FTX.us Trading Fees (for US residents): Get 5% off trading fees for life with the following referral code https://ftx.us/#a=ftxdiscountccf.
Save on FTX.com Trading Fees (for non-US residents): Get 5% off trading fees for life with the following referral code https://ftx.com/#a=HowToReferral. You can also save even more by holding FTT on FTX after you sign up.
TIP: If you want to use FTX as a US citizen, you should use FTX US. Learn more about how to save the maximum amount on FTX.