|Headquarters||Antigua and Barbuda|
|Key People||Sam Bankman-Fried, Founder and CEO|
|Products||Cryptocurrency derivatives trading platform|
FTX, a cryptocurrency derivatives trading platform, launched operations on May 8, 2019. It was founded by Alameda Research. Binance purchased shares in the company in December 2019 as well as took a long-term position in the platform's FTX Token.
FTX offers approximately 60 "futures" contracts which can either have expiration dates or be perpetual contracts. All of the contracts are priced in U.S. dollars against a cryptocurrency or an index of cryptocurrencies. The platform offers daily-, weekly-, and quarterly-expiring contracts on the net price movement in the U.S. dollar value of the underlying cryptocurrency between the start and end of the period as well as leveraged directional (up, down) contracts.
At the time of its December 2019 investment, Binance said that FTX had an average daily volume of nearly half a billion U.S. dollars across all of its products.
FTX introduced options on January 13, 2020, listing puts and calls on bitcoin with a variety of expirations from one-day later to approximately five-and-a-half months later. The options are priced in U.S. dollars.