The FTX. com is an institutional-grade exchange. It is located in Hong Kong and was established in the year 2019. This cryptocurrency exchange has set its record with its several available first derivative products. FTX is not beginner’s friendly, but it has extremely low transaction fees. The exchange supports the use of fiat currencies like USD, CAD, AUD, EUR, etc. It also permits the use of Bitcoin and ether for trading. There are apps available for assessing the exchange on Android phones and iOS.
Sam Bankman Fried was the one that founded FTX in May 2019. Daily, about five hundred million dollars to one billion dollars are being traded on the exchange. A wide variety of products ranging from Bitcoin, Ethereum, Litcoin, and about several other twenty cryptocurrencies are offered to users on the FTX. The exchange also offers leverage tokens that are void of liquidation, margins, and exotic products.
Unlike most of the exchanges in the cryptocurrency market, FTX does not charge its user’s withdrawal fees. It had some of the lowest transaction fees in the Market; hence it is proven to be a very good trading option, especially for beginners. The speed at which FTX is innovating is causing so much wave in the industry. FTX, at the moment, is at the forefront of the cryptocurrency exchange market.
