The cryptocurrency market offers various digital assets with different use cases and applications. Picking a crypto asset for investment requires an analysis of a project and an understanding of the asset's true value. Large cryptocurrency exchanges often release their native crypto assets with the purpose of expanding their user base and drawing need users' attention to their services. Native tokens are often used for facilitating exchange processes and stimulating users' incentives. Exchange tokens bring benefits for their holders; for example, they may give discounts on trading fees and additional access to other products.
FTX is one of the most often used crypto exchange websites, popular among both beginner and experienced crypto traders, for it offers both simple and advanced trading tools. FTT token is an internal currency of the FTX platform. This platform’s functionality is mostly oriented on futures contracts and has in-built leverage positions. To open a long or short position, a trader just needs to buy an FTT token.
Advantages of FTT crypto
Here are some facts about FTT coin:
The token acts as a source of funding for futures derivative contracts.
FTT gives discounts for transaction fees.
The currency is used in trading and staking.
To become an owner of the FTT token, you can visit the WhiteBIT crypto exchange. It is a centralised platform for trading and investing that offers a variety of trading tools, including futures and leverage trading.
WhiteBIT has also released its native crypto asset, the WBT token. It works a little bit different from the FTT coin. WBT bridges WhiteBIT users with other products deployed on the platform, offering numerous additional earning opportunities. The WBT token can be used in staking, and it provides additional benefits for the referral program participants.
Look for more information about the FTT token and WBT on the WhiteBIT Blog.