FTX launches US Dollar spot index futures

FTX, a cryptocurrency exchange, announced Monday that it is expanding its reach into the realm of foreign exchange derivatives trading by offering a perpetual futures contract linked to a US dollar spot index.

For the new perpetual contract, the product will be called the FTX Dollar Spot Index, which is designed to track the performance of the top 4 global currencies against the US dollar: the euro, Japanese yen, Canadian dollars and British pounds.