FTX is a leading centralized crypto exchange specializing in spot markets, derivatives, options, volatility, and leveraged products. Founded in 2018 by Sam Bankman-Fried and Gary Wang, FTX operates two trading platforms: FTX, an international platform based in the Bahamas, and FTX US, a separate affiliate in the United States.
FTX offers various order types and desktop and mobile trading applications for crypto investors. Their native exchange token is FTT. In November 2022, FTX and its associated companies fell after a major scandal. Sam Bankman-Fried, founder and former CEO of FTX, was charged and convicted of theft of customer deposits and investor fraud.

FTX filed for bankruptcy protection in the United States due to the liquidity crisis and faced regulatory action from the Commodity Futures Trading Commission (CFTC) and the US Federal Deposit Insurance Corporation (FDIC). The downfall of FTX had a significant impact on the crypto industry, causing a drop in investor confidence and an increase in withdrawals from other exchanges.