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The FTX Collapse, Explained - WSJ What Went WrongFTX is a crypto derivatives exchange offering futures, options, and leveraged tokens for trading. In Nov. , CoinDesk reported on Alameda Research's. FTX Trading Ltd., commonly known as FTX (short for "Futures Exchange"), is a bankrupt company that formerly operated a fraud-ridden cryptocurrency exchange. FTT USD price, real-time (live) charts, news and videos. Learn about FTT value, bitcoin cryptocurrency, crypto trading, and more.