FTX is one of the most popular crypto derivatives exchanges around at the moment and also one of the newest. The platform was launched in 2019 and is incorporated in Antigua and Barbuda and headquartered in the Bahamas.
There are several reasons why it's become so popular in such a short space of time. First, the FTX exchange already supports over 300 cryptocurrencies, which is a huge number compared to some of its competitors.
FTX also offers advanced trading functions such as margin and futures trading, which can be appealing to experienced traders. The makers of this exchange claim that it is built for skilled traders. In addition, FTX provides access to markets like stocks, futures, and leveraged tokens.
Due to strict regulations in the crypto space, FTX is unavailable in the United States. However, if you are a resident in the U.S., you can access their platform through their partner, FTX.US, which offers a similar trading experience - with a few limitations.
Overall, FTX provides a fantastic trading experience that is simple yet powerful. It also offers some of the lowest fees in the industry. This makes it one of the best Binance alternatives on the market right now.