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Forbes
2 Jun 2023
FTX Trading Ltd. was one of the largest cryptocurrency exchange firms, known for its specialty in buying and selling crypto derivatives, and once valued at about $40 billion—here’s how it went bankrupt, and became mired in scandal.
Sam Bankman-Fried, the founder of the once top cryptocurrency exchange firm, FTX, is now facing up ... [+]
FTX–short for Futures Exchange–was a cryptocurrency exchange firm.
FTX differed from other cryptocurrency firms by buying and selling crypto derivatives.
FTX was available in the U.S., the Bahamas, Japan, Europe, Switzerland and Hong Hong.
Aside from its own token—FTT—FTX allowed for the trading of Bitcoin, Ethereum Ripple and Tether, and it even allowed for over 300 trading pairs, according to Investopedia.