FTX is a crypto-derivative exchange platform, founded by Sam Bankman-Fried and incubated by Alameda Research. The project works in collaboration with TUSD and USDC, among others. It offers several innovative products, including crypto-based futures, leveraged tokens, USDT futures, and OTC trading functionalities. FTX’s clawback prevention mechanism leverages a three-tier liquidation model, minimizing the risk of socialized losses. Its universal stablecoin-based settlement approach assists traders in rebalancing their positions while preventing undesirable liquidation. Further, it involves a unified margin wallet. The FTT Token is FTX’s native utility coin, representing use cases like token burn, exclusive discounts, collaterals, transaction and listing fees, white-label solutions, and socialized gains.
Swyftx has ~4x lower spreads and ~2x cheaper trading fees when you buy FTX Token, than our closest competitors.
Verify online instantly without uploading documents and deposit AUD to start FTX Token trading in less than 2 minutes.
Breached password detection and Two Factor Authentication help protect your account from scammers.
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Automate your crypto investments. Setup recurring deposits to your Swyftx account and have then automatically split across your own range of cryptos.
Never miss a trade or get caught out by the crypto market volatility. Set Buys and Sells to trigger at any price you want.
Easily secure your account with multi-factor authentication and biometric login. Swyftx also monitors other sites for data breaches that might result in compromises on your account.