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FTX is a cryptocurrency derivatives exchange that offers futures ledgered tokens and over-the-counter trading. The futures exchanges in the space have severe issues hindering growth, and FTX aims to solve these problems and enhance the derivative space for institutional-grade status. However, there are reasons not to use FTX, such as limited product range on the U.S. exchange. Derivatives enable traders to speculate on asset price movements and amplify gains.
