Introduction

    About FTX

    FTX is a centralized global cryptocurrency exchange that separates itself from its competitors by offering innovative products like derivatives, options, and leveraged tokens. It also supports more than 300 cryptocurrencies, which is a very large number compared with some competitors[1].

    FTX offers more than 300 cryptocurrencies for spot trading. Here’s a partial list of assets available on this exchange:

    • Bitcoin (BTC)

    • Ether (ETH)

    • Solana (SOL)

    • Litecoin (LTC)

    • Ripple (XRP)

    • Dogecoin (DOGE)

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    About alameda research

    Alameda Research Ventures (ARV) is a multi-stage crypto and fintech investment firm with a mission to take a pragmatic, real-world oriented approach to finance - making it more accessible for all.[2]

    About FTT

    FTX Token (FTT) is a utility token that provides access to the FTX trading platform’s features and services. It is also the native token of the FTX ecosystem. It creates utility in the FTX ecosystem by incentivizing users to hold and use the token. FTX claims that it differs from other exchange utility tokens because it offers unique features. For example, clawback prevention is something that is very important to FTX and is not found on other exchanges. Clawbacks are when an investor loses money due to liquidation. FTX prevents this from happening by using a three-tiered liquidation model. [3]

    About the tumult

    References

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