FTX

What Does FTX Mean?

Trading in Crypto

TikTok is rammed with get-rich-quick schemes based on the cryptocurrency market. However, despite all the innovation and potential for long-term growth with cryptocurrency, the market remains highly volatile. Yes, this offers the potential for high returns quickly, but it also means lightning-fast losses are also a possibility. If you're planning to trade, get familiar with the cryptocurrency terms, do your own research, and know the risks. Here is the term you're looking for:

FTX is a Bahamas-Based Cryptocurrency Exchange Firm.

More Detail...

FTX Trading Ltd is a cryptocurrency exchange firm with its headquarters in The Bahamas. FTX was founded in 2019, and was considered one of the most stable firms in the crypto industry, until it filed for bankruptcy on 11 November 2022. Check out our comprehensive glossary of cryptocurrency terms.

Image for FTX

When I write FTX, I mean this:

FTX is a cryptocurrency exchange that went bust in November 2022.

Summary of Key Points

We have summarized the key points in the table below:

FTX
Definition:	Bahamas-Based Cryptocurrency Exchange Firm
Type:	Abbreviation
Guessability:	4: Difficult to guess
Typical Users:	Adults

Example of FTX Used in a Text

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