THELOGICALINDIAN - From trading OIL Futures to democratising algebraic trading FTX has got it all
FTX, a Hong Kong-based crypto derivatives exchange, has alien several new appearance afterwards its best ages yet in agreement of the trading volume.
In April, FTX launched FTX Pro App, Volatility Tokens, Oil Futures, and several new additions to its atom market. The barter additionally launched the FTX Quant Zone, a apparatus that enables traders to body and allotment trading strategies.
New Products Coming to FTX
The acceleration of the FTX barter has been making headlines all throughout 2020, with the aggregation continuing to calibration both its appearance account and its aggregate with anniversary casual month.
While April has been a cogent ages for the barter according to its Monthly Digest report, there’s allowance for added advance in May.
Aside from a new and bigger built-in FTX Pro adaptable app, which is set to be appear both on iOS and Android, the barter additionally appear several new products.
Half Tokens (HALF) are versions of FTX’s tokens that use 50% leverage, with ETHHALF actuality 50% ETH and 50% USD. The tokens rebalance at the end of anniversary day to acknowledgment their ambition leverage.
BVOL/iBVOL Tokens represent a ample set of continued or abbreviate positions on the FTX MOVE contracts, which represent abutting to absolute animation in Bitcoin’s price.
FTX Features to Harness Huge Volumes
Last month, FTX added Oil Futures to their ever-growing account of products, with OIL tokens behaving like futures that expire to the atom amount of WTI oil $100.
Multiple added atom markets accept additionally been added over the aftermost month. This includes USDT pairs for over 75% of atom markets, as able-bodied as Chainlink and Tron spot, abiding futures, and annual futures markets.
Custom logins accredit users to configure appropriate annual permissions that acquiesce others to admission their accounts, while an bigger toggle affection makes switching amid sub-accounts faster and easier.
However, one of the best important additions to the aggregation is the Quant Zone, a apparatus that allows users to body and allotment their own trading strategies.
FTX declared it as “algorithmic trading brought bottomward to the akin of Lego architecture blocks” and said it was one of the best underrated aspects of FTX.
Quant Zone allows anyone to body crypto trading strategies after programming knowledge.
In the afterward weeks, users will be able to acquiesce subscribers admission to the trading algorithms they’ve congenital in FTX’s Quant Zone and get paid in FTT, the exchange’s built-in token.
Professional traders will additionally be able to accomplish trades for their “subscribers” and acquire commissions in FTT. It is not antithetical from eToro’s amusing banker tool.
In its report, the aggregation said that its atom aggregate has added by over 10x in April.
While abounding accept criticized the barter for the alternation and animation of their trading products, it’s the clip of development and innovation that has pushed FTX’s volume through the roof
