FTX is a rapidly growing cryptocurrency exchange that has been proving itself worthy by gaining a larger share of the crypto trading market. The founder Sam Bankman-Fried is driven by an unstoppable drive to donate the largest amount of capital he can to the most effective charities; this can be seen by the speed in which FTX innovates and stays on the forefront of the crypto worlds mind.
FTX has a powerful positive sentiment among the crypto trading community who appreciate the innovation and responsiveness being brought to the field. This is directly seen in the $500m – 1b dollars of volume daily traded on the exchange. An imposing amount when taken into consideration that FTX is only a year old, having launched in May of 2019. The exchange provides its users with a wide variety of products, spot markets for Bitcoin, Ethereum, Litecoin, and 20+ cryptocurrencies. Bitcoin futures and 30 other futures which allow traders to trade up to 101x leverage. Leveraged Tokens that enable users to access leverage without having to worry about margin, liquidations, or funding and exotic products such as MOVE contracts which capture the absolute value of the movement of Bitcoin rather than a directional play.
FTX believes that Africa has enormous potential for the adoption of cryptocurrencies. This is driving their initiative to provide a reliable, low fee and trustworthy platform for users from every African country to easily have a fiat on and off-ramp to the cryptocurrency market. Currently, FTX is working in Nigeria with some fantastic local people such as Adebayo Juwon to build a community, educate on blockchain, and provide customer support. FTX is also working towards integrating Paystack, which would allow for a quick and reliable way to convert NGN into cryptocurrencies. FTX also offers a 24/7 Africa support group on telegram at: https://t.me/FTX_Africa.
The exchange is a great trading option for the people of Africa with some of the lowest fees in the industry, best products, and unique no withdrawal fees. There is a wide range of educational content to teach the user base about the FTX products and how to trade on FTX. Visit https://t.me/FTX_Africa with any questions and visit the exchange here: https://ftx.com/.