With the recent massive downfall of the crypto market caused by FTX contagion, is it possible for Optimism to reclaim its all-time high in 2023? Continue with the article to learn about Optimism price analysis and prediction by Coinpaper. inflation, and 3AC and Celsius insolvency, has also contributed to the downward pressure on the price of OP. Subsequently, the chain of the unfortunate market and geopolitical events like the Russian invasion of Ukraine, U.S. The most significant decision taken by the exchange so far would be acquiring a Japanese exchange called Liquid.This year has been a tough sail for Optimism since May 2022, when Terra/Luna implosion caused a cascade of bankruptcies, layoffs, and liquidations. By the end of last March, the exchange had listed Arbitrium perpetual futures for trading. Moreover, crypto experts and enthusiasts unanimously agree about the potential positive growth of the network in the years to come.įTX CEO Sam Bankman-Fried has also taken several other strategic moves to accelerate it closer to its competitors in the last few weeks. The community-run network got attention recently for its positive impact rewards. Launched a Layer-2 Optimistic Rollup network for Ethereum Optimism can address cost and latency issues without compromising the security. 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.įTX’s decision to list Optimism has to do with its visions for the future. On the FTX exchange, the fee is always charged in USD. However, the number may change based on how large your position is in the market. The exchange also instituted a backstop liquidity program to help accounts on the verge of bankruptcy.Īnother significant aspect of trading OP-PERP on FTX is that investors can get up to 20x leverage. By using the same currency as collateral, they can also adjust their all futures portfolio on FTX.įutures trading on FTX has carefully calculated margin calls making it easier to avoid large price shifts. 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. Moreover, users can avail various perks by trading OP-PERP on the FTX exchange. With the OP-PERP, the exchange strides a bit closer to competing with the likes of Binance in the crypto trading environment. In addition to the current perpetual futures offered on BTC, RTH, SRM, FTT, and others, FTX has now added support to Optimism. A perpetual does not carry an expiration date allowing investors to hold it for as long as possible. Perpetual contracts are unique and substantially different from the traditional futures available. FTX has now joined the race with new listings and a comprehensive portfolio.Īs a part of providing a comprehensive portfolio, FTX has included new perpetual contracts from potential projects from around the crypto ecosystem. Binance and have established a global network to boost their business and stay at the forefront of the market. The giant growth of DeFi, particularly in the last couple of years, has also fueled the competition among crypto exchanges. The new inclusion might bring the exchange closer to its dream of market domination. Investors can access Optimism futures from FTX for the best rates possible. Optimism begins the new month with a new listing on the FTX exchange.
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