FTX Exchange CEO Invests in Rival Trading Platform
Alameda Research, a crypto quant trading firm which shares it CEO with derivatives exchange FTX, has invested seven figures into new rival Folkvang.
On a relatively new exchange like the Antigua-based FTX, the order book depth, as represented by the number of buy and sell orders at each price, now matches the depth seen on industry leader BitMEX.
Crypto exchange FTX is launching COMP derivatives later Thursday as deposits on the Compound DeFi platform soar past $300 million.
FTX has launched eight unique index futures and volatility markets in less than 12 months. But few traders use these markets.
Binance.US and the soon-to-launch U.S. unit of FTX aim to offer cryptocurrency margin trading in the American market, but won't be able to provide leverage to the degree offered by overseas competitors.
Binance only listed FTX leveraged tokens two months ago, but users have struggled to get to grips with the complex products.
For the first time, investors can trade gold-backed futures contracts on a leading crypto derivatives exchange. In addition to its spot market trading, PAX Gold is now available as perpetual and quarterly futures contracts on FTX.