crypto exchange - may02-technologies/data-analytics GitHub Wiki

Spot markets have evolved during the past few years as cryptocurrencies have taken the stage. Not only do we have a different type of asset, but access to exchanges has also morphed. In the current crypto climate, exchanges try their best to serve a global population.

With the competitive nature of the crypto exchange world, Binance’s fees are yet another way the platform is ahead of the competition. While deposits are free, withdrawals are set at a standard rate of 0.1%. The discounts on withdrawal fees are set up in a ’VIP level’ structure.

FTX offers ‘leverage’ that allows you to trade with more than your actual balance. This involves ‘borrowing’ a certain amount of money from the exchange. Using FTX leveraged tokens helps trader with risk management. The exchange automatically reinvests any trade profits back into the asset being traded. This means if your leveraged token position is sitting on a profit, the tokens will automatically put on 3x leveraged positions to it. On the flip side, leveraged tokens will automatically reduce risk if the position is negative.

Please check the dashboard below which is developed by our data analytics team for more insights.