FTX
Current price
$0.2453
−7.05%24h
LiveUpdated 29s ago
TodayFTX drops 7.0%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.93%
- 24 hours−7.05%
- 7 days−1.05%
- 30 days+18.18%
- 1 year−70.94%
FTX's move in context
Lagging the market today
−7.05% today against −3.26% for the market as a whole, a gap of 3.8 points. A gap this wide suggests something specific to FTX may be moving it, not just the market mood.
Trend has turned
−1.0% over 7 days and +18.2% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About FTX
Overview
FTX is a cryptocurrency exchange founded in 2019 by Sam Bankman-Fried and Gary Wang. It quickly gained recognition in the cryptocurrency market for its innovative trading features and user-friendly platform designed to cater to both novice and experienced traders. The core mission of FTX is to provide a comprehensive trading solution that offers advanced features like derivatives trading, tokenized stocks, and volatility products. Unlike traditional exchanges, FTX sets itself apart with its unique offering of leveraged tokens, which enable users to gain exposure to leveraged positions without the complexity of margin trading. FTX aims to enhance the trading experience by providing liquidity, speed, and a wide array of trading options.
Technical Features
FTX employs a cutting-edge technical architecture that includes a matching engine capable of processing millions of orders per second. It operates on a centralized exchange model but integrates several decentralized finance (DeFi) elements. The platform utilizes a proprietary risk management algorithm designed to handle the volatility associated with cryptocurrency markets, ensuring that positions are adequately collateralized to minimize risks of liquidation. FTX’s security model includes robust measures such as two-factor authentication (2FA), cold storage of funds, and a comprehensive insurance fund designed to cover potential losses. Additionally, the FTX token (FTT) serves as a utility token within the ecosystem, allowing users to benefit from lower trading fees and other privileges.
Use Cases
FTX serves multiple use cases within the cryptocurrency ecosystem. Primarily, it functions as a trading platform supporting a wide variety of cryptocurrencies and financial products, including options, futures, and prediction markets. It plays a significant role in decentralized finance (DeFi) by providing liquidity solutions and enabling users to engage in synthetic asset trading. Furthermore, the exchange facilitates cross-border payments, allowing users from anywhere in the world to buy and sell digital assets without the constraints of traditional financial systems. FTX also supports governance features through its FTT token, allowing holders to participate in decision-making processes regarding platform upgrades and new features.
Development Background
FTX was launched in May 2019 by Sam Bankman-Fried, an influential figure in the cryptocurrency space, and co-founder Gary Wang. The exchange rapidly established its presence in the market due to its focus on innovative products and features tailored for professional traders. FTX gained significant traction and partnerships with various cryptocurrency projects, including integrations with Chainlink and other DeFi protocols. In 2021, FTX became widely recognized after securing a partnership with prestigious organizations and achieving high-profile sponsorship deals, further solidifying its position as a leading exchange.
Community and Ecosystem
The FTX community shares a passion for innovation and accessibility in the cryptocurrency world. The exchange’s ecosystem is supported by a dedicated team of developers and collaborators who continuously improve its platform. FTX has fostered various partnerships across the blockchain space, enabling the creation of diverse applications and integrations. The FTX platform facilitates an active community of traders and developers who engage through forums and social media, sharing insights and strategies while contributing to the ecosystem's growth. Additionally, the establishment of an educational platform offers resources to help users better understand cryptocurrency trading.
Future Potential
The future potential of FTX is significant, bolstered by its unique technological advancements and a growing user base. With an ongoing commitment to innovation, FTX aims to expand its service offerings, including the development of new financial products and enhancements to their user interface. The team is also focused on increasing global reach by supporting additional fiat currencies and launching localized platforms. As the cryptocurrency market continues to grow, FTX is well-positioned to capture a larger market share and offer its users a comprehensive and versatile trading experience.
FTX market
- Position by market cap among the coins we track.
- #182
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $80.68M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.2436High $0.2680
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $4.29
- Now 6% of itReached 5 Dec 2024 · Needs +1,649% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 328.9M FTT
- 93% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 352.17M FTT
- The most coins that can ever exist. Some coins have no limit.
FTX converter
1 FTX = $0.2453
