Forward This probably won’t shock anyone, but the week leading up to the listing of FTT was the busiest of my life. Every part of our operation was stretched more than it had
Developers Who Understand Trading FTX rolled out its first spot market this week, a standard BTC/USD orderbook. On the right hand side of FTX’s futures markets you’ll find an informational box displaying things like
Volume Monitor FTX Global Volume Monitor Today we’re releasing our investigation into cryptocurrency volume on exchanges around the world. To see our live-updating results, visit. CoinMarketCap has taken steps to identify fake volume, but there are still more
Margin Margin vs Futures Let’s say you own 100 BTC and you want to hedge them. You have two options: short sell 100 BTC/USD on an exchange with margin trading, or sell 100 BTC futures.
Liquidation Engine FTX Liquidation Process Flowchart Normal TradingSay some account A deposits $1m of collateral to buy $5m of BTC futures. They are currently 5x leveraged, and a 20% BTC move away from bankruptcy. They can trade normally. Account
Liquidation Engine Our Liquidation Engine — how we significantly reduced the likelihood of clawbacks from ever occurring You can see the specs here. You can also see a flowchart of the liquidation process here. It’s first worth making explicit: the thing that causes socialized losses, and clawbacks, and auto-delevering,
