Optimism begins the new month with a new listing on the FTX exchange. Investors can access Optimism futures from FTX for the best rates possible. The new inclusion might bring the exchange closer to its dream of market domination.
The giant growth of DeFi, particularly in the last couple of years, has also fueled the competition among crypto exchanges. Binance and Crypto.com have established a global network to boost their business and stay at the forefront of the market. FTX has now joined the race with new listings and a comprehensive portfolio.
As a part of providing a comprehensive portfolio, FTX has included new perpetual contracts from potential projects from around the crypto ecosystem. Perpetual contracts are unique and substantially different from the traditional futures available. A perpetual does not carry an expiration date allowing investors to hold it for as long as possible.
In addition to the current perpetual futures offered on BTC, RTH, SRM, FTT, and others, FTX has now added support to Optimism. With the OP-PERP, the exchange strides a bit closer to competing with the likes of Binance in the crypto trading environment.
Moreover, users can avail various perks by trading OP-PERP on the FTX exchange. For a starter, all the futures offered on the exchange are settled through stablecoins, and it means investors do not need a bank account to get USD-based settlements. By using the same currency as collateral, they can also adjust their all futures portfolio on FTX.
Futures trading on FTX has carefully calculated margin calls making it easier to avoid large price shifts. The exchange also instituted a backstop liquidity program to help accounts on the verge of bankruptcy.
Another significant aspect of trading OP-PERP on FTX is that investors can get up to 20x leverage. However, the number may change based on how large your position is in the market. On the FTX exchange, the fee is always charged in USD. As per the impressive fee chart on FTX, the maker rebates may go as low as -0.0030%, and investors need only 25 FTT to waive off the make fees.
FTX’s decision to list Optimism has to do with its visions for the future. Launched a Layer-2 Optimistic Rollup network for Ethereum; Optimism can address cost and latency issues without compromising the security. The community-run network got attention recently for its positive impact rewards. Moreover, crypto experts and enthusiasts unanimously agree about the potential positive growth of the network in the years to come.
FTX CEO Sam Bankman-Fried has also taken several other strategic moves to accelerate it closer to its competitors in the last few weeks. By the end of last March, the exchange had listed Arbitrium perpetual futures for trading. The most significant decision taken by the exchange so far would be acquiring a Japanese exchange called Liquid.