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Tradable products offered by FTX Exchange
FTX is a up and coming crypto exchange, which hast the backing of Alameda Research. Since it has the support of one of the leading crypto liquidity providers, you don’t have to worry too much about signing up for an account in FTX Exchange. But before that, you need to understand what is FTX and what are the tradable products that you can get out of FTX trading. Then you may compare them with your expectations and go ahead.
Here’s a list of all the tradable products that are available to you with FTX Exchange USA.
- Futures
Futures are pretty much similar to an agreement, where you agree to buy an asset or sell an asset at a pre-determined price. This cryptocurrency exchange offers perpetual futures on over 20 different cryptocurrencies. They include the most popular cryptocurrencies including BNB, BTC, and Link.
When you take a look at the FTX Crypto Exchange, you will also notice that it has Index Futures. These index futures will provide you the opportunity to go ahead and trade with multiple segments of cryptocurrency market. Even if you are a complete beginner, you can easily do it. You can gain access to small-cap coins, mid-cap coins, and even large cap-coins. On top of that, you will be able to proceed with trading privacy tokens, exchange tokens, and regional baskets as well. You may also discover oil contracts on the crypto exchange, which would expire as per the spot price associated with WTI oil.
- FTX Leveraged Tokens
You can gain access to leveraged tokens from FTX Exchange as well. In fact, this platform offers a great environment for you to get into leveraged cryptocurrency market, without even managing a leveraged position. As of now, FTX Exchange is offering up to 45 different leverage tokens.
One of the most interesting facts about FTX Exchange is that it provides you up to 101x leverage. However, there is a default limit placed at 10x, which would ensure your safety. what does ftx stand for are divided into three categories as well. Let’s explore what they are all about.
o 1x tokens, or Hedge tokens. In case if the value of ETH goes up by a specific percentage, the value of THHEDGE will go down based on the same percentage.
o 0.5x Long, which is known as Half. In case if the value of ETH goes by a percentage, the value of ETHHEDGE will go down by half the percentage.
o 3Xx tokens, which are called as BEAR or BULL.
All the BULL Tokens will be ETC20 tokens. In case if the perpetual future of ETH goes up by a specific percentage, the value of ETHBULL will go up by three times of that percentage. However, the value of ETHBEAR will go down by three times of the same percentage. It is also important to keep in mind that BEAR and BULL tokens would rebalance themselves automatically in order to prevent liquidations and maintain target leverage.
- Options
As the next part of this FTX review, let’s take a look at options available as a product. FTX Exchange is offering options contracts in European-style. You can gain access to all rights in order to sell off an underlying asset, at a pre-determined price and date. However, this is not something mandatory as well. Once you open the options contract, you will either be able to select the “right to sell” or “right to buy”.
It is possible for you to trade either short or long with leverage. Moreover, you will be able to define a strike price and associate an expiration time to it as well. Once you enter all required details, you can proceed with setting up your options contract. This is where you can receive a quote from FTX, which you can use to offer the deal or create a bid within just 10 seconds. Options trading on FTX Exchange can deliver a highly-customized experience to make the life easy for you.
- MOVE Contracts
You can access MOVE Contracts on FTX Exchange as well. These contracts will provide you the opportunity to continue with trading based upon the price movement of a cryptocurrency. This is a perfect investment opportunity available for a beginner. That’s because you will only be risking a small amount of money. It is also important to keep in mind that the movement can be in any direction.
You will be able to discover different futures, which are expiring account to the amount of BTC that you have. You can configure them to be daily, weekly, quarterly, or monthly. However, it is important to note that the weekly contracts are not in par with the calendar week.
- Prediction Markets
If you are interested in following traditional trading approach, you may take a look at prediction markets offered by FTX Exchange. Prediction markets are pretty much similar to traditional betting. In here, you can bet on any real-world event. You will either win with your bet or lose it. if you win, you can earn 100% of the amount that you placed for the bet. In case if you lost, you would lose all the money.
- Spot markets
You can access spot trading with FTX Exchange as well. It is possible to purchase cryptocurrencies, hold them, and sell them at a later stage. Some of the most popular cryptocurrencies that you can buy from FTX Exchange include USDT, BNB, BCH, FTT, LINK, ETH, BTC, XAUT, PAXG, and TRYB. All these are available for spot trading, and you just need to go ahead.
Final words
Now you know about the different products available through FTX Exchange. Keep these in mind and create your account. Then you can get the most out of these products offered by FTX Exchange.
Read More: https://www.coinbureau.com/review/ftx-exchange/