From buying and selling OIL Futures to democratising algorithmic buying and selling, FTX has acquired all of it.
Key Takeaways
- FTX is including new options at an unprecedented tempo.
- The exchange was fast to launch OIL Futures after the Oil crash.
- Quant Zone is bringing algorithmic buying and selling to the plenty.
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FTX, a Hong Kong-based crypto derivatives exchange, has launched a number of new options after its finest month but by way of the buying and selling quantity.
In April, FTX launched FTX Professional App, Volatility Tokens, Oil Futures, and several other new additions to its spot market. The exchange additionally launched the FTX Quant Zone, a instrument that permits merchants to construct and share buying and selling methods.
New Merchandise Coming to FTX
The rise of the FTX exchange has been making headlines all all through 2020, with the corporate persevering with to scale each its options record and its quantity with every passing month.
Whereas April has been a major month for the exchange in line with its Month-to-month Digest report, there’s room for additional development in Might.
Other than a brand new and improved native FTX Professional cellular app, which is ready to be launched each on iOS and Android, the exchange additionally launched a number of new merchandise.
Half Tokens (HALF) are variations of FTX’s tokens that use 50% leverage, with ETHHALF being 50% ETH and 50% USD. The tokens rebalance on the finish of every day to return their goal leverage.
BVOL/iBVOL Tokens symbolize a broad set of lengthy or brief positions on the FTX MOVE contracts, which symbolize near excellent volatility in Bitcoin’s price.
FTX Options to Harness Enormous Volumes
Final month, FTX added Oil Futures to their ever-growing record of merchandise, with OIL tokens behaving like futures that expire to the spot price of WTI oil +$100.
A number of different spot markets have additionally been added during the last month. This consists of USDT pairs for over 75% of spot markets, in addition to Chainlink and Tron spot, perpetual futures, and quarterly futures markets.
Customized logins allow customers to configure particular account permissions that permit others to entry their accounts, whereas an improved toggle function makes switching between sub-accounts quicker and simpler.
Nevertheless, one of the vital vital additions to the corporate is the Quant Zone, a instrument that enables customers to construct and share their very own buying and selling methods.
FTX described it as “algorithmic buying and selling introduced all the way down to the extent of Lego constructing blocks” and mentioned it was one of the vital underrated elements of FTX.
Quant Zone permits anybody to construct crypto buying and selling methods with out programming data.
Within the following weeks, customers will have the ability to permit subscribers entry to the buying and selling algorithms they’ve inbuilt FTX’s Quant Zone and receives a commission in FTT, the exchange’s native token.
Skilled merchants may also have the ability to make trades for his or her “subscribers” and earn commissions in FTT. It isn’t dissimilar from eToro’s social dealer instrument.
In its report, the corporate mentioned that its spot quantity has elevated by over 10x in April.
Whereas many have criticized the exchange for the unpredictability and volatility of their buying and selling merchandise, it’s the tempo of improvement and innovation that has pushed FTX’s quantity by way of the roof
