Constant and FTX bet on crypto futures with their new collaboration
Today, Constant, the largest P2P lending platform in Southeast Asia announced FTX ecosystem coin, FTT, as a collateral token on their platform.
This means that in addition to lower trading fees, OTC rebates on FTX, FTT holders can unlock the real-world value of their assets with crypto-backed USD or stablecoin loans on Constant.
Crypto-backed loans are great tools for FTT holders who don’t want to sell their assets but want cash to:
- Release funds for real-world payments
- Buy into exciting new crypto projects
- Make purchases with large quantities of crypto without affecting the market price
After starting in early 2019, Constant has since grown to become the largest P2P lending platform in Southeast Asia’s burgeoning fintech scene.
Collaborating with over 60 different crypto projects Constant is a standout in the industry for creating easy cash onramps for fiat investors looking to capitalize on the growing crypto industry.
On Constant, FTT holders can match with lenders quickly at their desired rates and terms. To receive a loan, borrowers simply need to send their tokens to a third-party escrow account. Their FTT will be returned after they have paid back their loan value plus interest.
Like Constant, FTX is a platform for both the veteran crypto trader as well as the newcomer. Built by traders for traders, they have created a suite of tools for professionals and amateurs to trade futures on all of the top players in crypto from BTC and ETH to altcoins. They recently made headlines by offering futures trades over the results of the upcoming US presidential election with their TRUMP token.
By using Constant to unlock the value of their coins, FTT holders are not just getting real-world liquidity, they are contributing to another platform bringing vitality to the crypto market.
FTX is a cryptocurrency derivatives exchange built by traders, for traders. We strive to build a platform powerful enough for professional trading firms and intuitive enough for first-time users.
Headquartered in California, Constant is an alternative financial services platform designed to strip out the inefficiencies of the traditional banking industry and help people get more out of their money. Constant was founded by a team of scientists, economists, engineers, and designers, fully devoted to the mission of building simple, elegant financial tools for an increasingly interconnected world.