Source. Crypto info.com
FTX Token (FTT) is a cryptocurrency derivatives exchange that offers futures, leveraged tokens and OTC trading. FTT is the native token of the FTX exchange.
FTX's leveraged tokens aim to provide a clean, automated way for users to get leverage. FTT is the FTX ecosystem utility token. Holders of FTT reportedly receive benefits such as weekly buying and burning of fees, lower FTX trading fees, OTC rebates, collateral for futures trading and socialized gains from the insurance fund.