FTX is a well-known crypto exchange famous for its advanced opportunities for futures trading. FTX is for experienced crypto traders who want to use all the opportunities of derivative futures contracts and gain a profit. Futures trading is one of the most complex types of trading that requires deep market understanding, skills to forecast the future fluctuations of crypto prices, and the ability to conduct own technical market analysis, as well as evaluate the global economic situation and trends.
Being a large crypto exchange for sophisticated traders, FTX also has its native cryptocurrency – FTX token. Let’s see what it is used for.
What are the Advantages of FTT Crypto?
The FTX token holders receive numerous benefits. Let’s see the use cases for the FTT cryptocurrency:
- token holders receive discounts on trading fees in the FTX exchange platform.
- tokens can be used in staking, bringing significant rewards for their holders.
When locking your tokens in staking, pay attention to the staking conditions. Bear in mind that it is impossible to withdraw your tokens from staking before the period expires. Otherwise, you bear losses and have to pay fees.
The current FTT coin price is $23,44. Since the FTX platform is expanding rapidly, growing the number of users, and its developers receive a good reputation among crypto-savvy people, it has all the chances to receive even wider adoption. The FTT cryptocurrency price has shown significant growth over the past year, and there is an expectation that it will increase further. We dare to say that FTT crypto is a good investment. However, you should remember that crypto scope is highly risky, and you should conduct your own analysis before investing.
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