Cryptocurrency Q&A
Is FTX a coin or exchange?
Is FTX a coin or exchange?
Nicola
Sat Jun 29 2024
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7 answers
1792
Excuse me, I'm trying to get a clear understanding of a particular entity in the cryptocurrency world. Could you please clarify whether FTX is a coin or an exchange? I've heard it mentioned in various contexts, but the distinction remains somewhat unclear to me. If it's an exchange, could you elaborate on its main features and services? And if it's a coin, how is it different from other cryptocurrencies? Your insight would be greatly appreciated as I'm seeking to expand my knowledge in this field.
7 answers
Isabella
Mon Jul 01 2024
FTX Exchange held a prominent position among centralized cryptocurrency exchanges.
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Dario
Sun Jun 30 2024
Its core focus was on spot markets, where investors directly buy and sell digital assets.
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KimonoSerenity
Sun Jun 30 2024
Furthermore, FTX Exchange offered leveraged products, allowing traders to amplify their returns through borrowed capital.
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Silvia
Sun Jun 30 2024
The exchange's comprehensive suite of services made it a one-stop solution for both retail and institutional investors alike.
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Dario
Sun Jun 30 2024
However, FTX Exchange also ventured into derivatives, offering traders advanced tools to hedge their positions.
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