- Trading Name: FTX
- Legal Entities: FTX Trading Ltd and many others
- Activities: crypto exchange
- Location: Bahamas, U.S. and other locations
- Key People: Sam Bankman-Fried and Gary Wang
FTX is an offshore crypto exchange founded in May 2019 by Sam Bankman-Fried (Linkedin)and Gary Wang in the Bahamas. FTX quickly became a shooting start and secured investments from reputable VCs and funds.
In November 2022, FTX disclosed lethal liquidity crises and paused withdrawals.
FTX offers several products and is suitable for both crypto newbies and experienced traders. For new investors, FTX offers spot trading on its platform. For experienced traders, FTX supports trading in futures, stocks, and leveraged tokens.
FTX offers more than 300 cryptocurrencies for spot trading.
In addition to basic market and limit orders, FTX offers advanced order types to help you manage your portfolio and risk. These include trailing stops, taking profit market and limit orders, and stop loss market and limit orders. These advanced order types allow you to enter a position and then set all the selling conditions, and forget about the position until it is closed.
Recently, FTX has opened a marketplace for buying and selling non-fungible tokens (NFTs). It is also possible to use the marketplace to mint your own NFTs and then auction them to other users.
The platform also supports trading perpetual futures contracts on more than 20 cryptocurrencies. The list of cryptocurrencies includes coins such as BTC, BNB, LINK.
Due to the massive problems they are facing right now and lethal liquidity crises, we include FTX in our “Black Compliance” list.