Overview of the FTT Crypto
The cryptocurrency market offers many different platforms where traders can buy, sell, exchange digital assets and receive income. One of the advanced and complex financial tools offered on large crypto exchanges is futures. Futures are contracts made between traders that include information about the price of a crypto asset on an exact day in the future. That is speculation on digital asset prices with the goal of making a profit. Futures make it possible to earn on both dropping and rising market trends.
There are two options in futures trading:
- you either estimate that the asset's rate will increase and plan to sell your holdings on the contract's expiration day;
- or you plan to buy coins at a lower price on a pre-agreed day in the future.
In both options, a trader receives income only if one correctly estimates the future asset's price.
FTX is the most popular exchange that allows such a financial tool as futures contracts. The leveraged FTX token serves as collateral in futures trading. Let's see other benefits of the token.
What is FTT Crypto?
FTT crypto was developed based on the Ethereum blockchain. The current FTT USDT rate is $22.5 (October 2022). Some part of the tokens is regularly burned with the purpose of maintaining the tokens' value and cutting the supply. FTX token holders receive up to 60% discounts on trading fees ad access to TFX programs and earning opportunities. The FTX token is also used in staking. Due to the token's multifunctionality, the FTX platform expands the user base and draws the attention of new users. Experts see the bright future for this crypto asset – they estimate the FTT price will rise to $38.65 already in 2023. So far, the token rate ranges around $20, as the entire market is bearish.
You can buy the FTT crypto on the WhiteBIT crypto exchange. Also, visit the WhiteBIT Blog, where you will find many helpful guides on trading and interesting overviews of digital assets.
