FTX is a cryptocurrency derivatives exchange founded in 2019 by Sam Bankman-Fried and Gary Wang. The exchange offers a range of cryptocurrency trading products, including futures, options, and leveraged tokens.
FTX is known for its innovative and unique products, such as its “MOVE” contracts, which allow traders to bet on the magnitude of price movements of cryptocurrencies, and its leveraged tokens, which allow traders to gain leveraged exposure to cryptocurrencies without needing to manage margin or liquidation.
FTX has also gained attention for its partnerships with major sports teams, such as the Miami Heat and the MLB team, the Boston Red Sox. Additionally, the exchange has sponsored several high-profile events in the cryptocurrency industry, including the Miami Bitcoin Conference and the Solana Conference.
As of early 2023, FTX is one of the largest cryptocurrency exchanges by trading volume, with a reported daily trading volume of over $10 billion.