Leading cryptocurrency exchanges release their native crypto assets to increase the loyalty of their clients and stimulate their incentives. Thus, platforms such as Binance, FTX, and WhiteBIT released their native tokens that bring many benefits to their users.
FTX is the most popular crypto exchange oriented on futures contract trading. Futures is a complex investment instrument that has price speculation at its core. It requires in-depth knowledge of the market and the ability to analyse crypto charts and estimate future price movements.
The FTX platform offers the FTX token; let’s see what advantages it has.
The FTT token is developed based on the Ethereum blockchain. As of October 2022, the FTX token price is $22.5. Some part of tokens is regularly taken out of circulation and burned with the purpose of cutting supply and maintaining the token value.
The FTT crypto is used for:
FTT acts as a funding source for margin trading - instead of picking a margin, users can buy an appropriate FTT token;
the tokens are used in staking;
FTT holders receive discounts on transaction fees;
Analysing the previous FTT crypto price charts, experts concluded that by the end of 2022, the price will adhere to the same level around $20 or even drop in the middle of November to $16. Looking at the long-term prospects, the token is supposed to gain value up to $38.65 in 2023 and exceed $50 in 2024. Since the FTX platform is large and credible, with many loyal clients, it has all the chances to expand its application scope in the future.
You can buy FTT crypto on the WhiteBIT crypto exchange at its currency price and trade it at low fees. The platform offers different trading tools, including futures trading options and a high level of user safety.
Also, the WhiteBIT exchange released its native crypto asset - WBT, which delivers discounts on trading fees and access to additional earning opportunities and products.
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