FTX Dives into the Foreign Exchange Derivatives World

Cryptocurrency exchange FTX is extending its reach into the field of foreign exchange derivatives trading by publishing a perpetual future correlated to an index of the current price of the U.S. dollar. While the cryptocurrency market has been stagnant, foreign exchange traders have recently benefited from a period of volatility. For its part, the U.S. dollar is trading close to all-time highs, while the pound sterling has fluctuated due to the erratic implementation of British Prime Minister Liz Truss’s economic plan. The euro and the Japanese yen have both seen volatility. FTX has listed FTX Dollar Spot Index $FTXDXY perpetual futures!https://t.co/rgbzQlt3qy Listing details: https://t.co/jgmk8XRplH pic.twitter.com/DJSwun18TD — FTX (@FTX_Official) October 3, 2022 According to Bloomberg, the FX Volatility Indicator from Deutsche Bank has increased recently. The new permanent contract offered by FTX will be based on the FTX Dollar Spot Index. The euro, Japanese yen, Canadian dollar, and British pound are four top global currencies intended to “monitor the performance of a basket of.” FTX Purchased Voyager Digital for $1.4 Billion Failed cryptocurrency lender Voyager Digital claims FTX US would buy its bitcoin holdings and other assets for almost $1.4 billion after a brief auction. The cryptocurrency exchange prevailed in an auction to buy Voyager’s assets from rival crypto investment firm Wave Financial. After Voyager rejected ...