Is FTX (FTT) Halal or Haram?
Shariah compliance review of FTX (FTT) by Islamic finance scholars at EthicalNode, with separate verdicts for trading and for staking.
Trading verdict: Questionable
FTX is Questionable for trading.
Staking verdict: Questionable
There is no Proof of Stake consensus because FTX is ERC-20 token. This is why any so called "staking" or other instrument with a fixed yield for this cryptocurrency is at least questionable, because it lacks participating in creating new blockchain transactions in the blockchain. <br><br>You can read more about Proof-of-Stake protocol on our Blogs section below this crypto list. However, we are not talking about other pledge or liquidity instruments that involves ZK. It will have a separate ruling.
Browse all Shariah-compliant cryptocurrencies on the EthicalNode halal crypto screener.