FTX coins, called FTT, have been rising for the past 30 days, reaching a peak of 105% growth rate. The company is an exchange for cryptocurrency derivatives. It is backed by the company Alameda Research, another trading institute that provides liquidity of cryptocurrencies. It was founded back in 2019, in the month of April. It provided its everyday spot trading, futures contracts as well as inverse swaps, which can also be found in several other major exchange firms.
FTX then further launched its Bitcoin option back in early 2020, including a weekly as well as a daily binary. Its digital coin is popularly known as FTT. It can be found on the blockchains by Ethereum. Every stakeholder, even newer ones, get a discount on their trading fee, along with bonus votes and a rise in airdrop rewards. The basis of this is a tiered system. The company’s first airdrop happened back in 2020, in the month of August. During this, over 500 SRM coins were distributed to every FTT holder.
How FTX Found Its Way
Back in 2020 November, FTX began tokenizing equity trading. But it did not include its US citizens in the lot of providings. CM-Equity is a partner of this company. Every digital coin that is redeemable is kept under the custody of this partner. They have also allowed their subscribers to purchase less than a single share. This is often useful to buy stocks with higher prices, like Google or Amazon.
The following month, FTX further branched out by launching its own future contracts for firms like Coinbase as well as AirBNB. These contracts will let the investors predict the price these companies may list with on the exchange the following listings. This was enough to gain widespread attention for hot-headed investors who keep looking for better opportunities.
