Is FTX A Safe Exchange to Trade Cryptocurrencies?

FTX is a centralized exchange (CEX). This means that it is not decentralized like a DEX. However, this also means that it is subject to more regulation. CEXs are generally considered to be more user-friendly than DEXs and offer more features. However, they are also considered to be riskier due to the fact that they are centralized. The cryptocurrency derivatives exchange launched in May 2019. Besides, the exchange offers futures contracts, margin trading, and spot trading for a variety of digital assets. The assets include Bitcoin, Ethereum, Litecoin, Ripple, EOS, and more. But does FTX facilitate safe trade for its users? Let’s find out. What Are The Unique Features of FTX? Some of the unique features of FTX include: Tokenized versions of popular indexes such as the S&P 500 and Nasdaq 100. A variety of order types including limit, market, stop-limit, and iceberg orders. Negative funding rates for some contracts which allow users to earn interest on their positions. The ability to short spot cryptocurrencies with up to 100x leverage. An intuitive and user-friendly interface. The exchange does not seem to suffer from the issue of liquidity. In fact, there have been no reports of any problems with regard to liquidity on the exchange. This is probably due to the fact that FTX is a relatively new exchange and has not yet reached the level of popularity of some of the more established exchanges. How Is FTX Ensuring Safe Trade For I...