FTX Token (FTT) Market Capitalization Tops $577.16 Million

FTX Token (FTT) traded up 0.6% against the US dollar during the 24 hour period ending at 10:00 AM E.T. on April 3rd. FTX Token has a market capitalization of $577.16 million and $17.86 million worth of FTX Token was traded on exchanges in the last day. One FTX Token token can now be purchased for approximately $1.75 or 0.00002640 BTC on exchanges. During the last week, FTX Token has traded 17.5% lower against the US dollar.

Here’s how related cryptocurrencies have performed during the last day:

  • KILT Protocol (KILT) traded down 2.7% against the dollar and now trades at $0.39 or 0.00000586 BTC.
  • Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
  • CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
  • Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
  • Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
  • Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 BTC.
  • Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
  • Lumi Credits (LUMI) traded up 1.8% against the dollar and now trades at $0.0092 or 0.00000014 BTC.
  • AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About FTX Token

FTX Token launched on July 29th, 2019. FTX Token’s total supply is 328,895,104 tokens. FTX Token’s official message board is medium.com/@ftx. FTX Token’s official Twitter account is @ftx_official and its Facebook page is accessible here. FTX Token’s official website is ftx.com.

According to CryptoCompare, “FTX Token (FTT) was developed by the FTX derivatives exchange as a cryptocurrency token for various purposes within its ecosystem, including paying transaction fees, acting as collateral, and purchasing services. FTX, founded by Sam Bankman-Fried and Gary Wang, emerged as a prominent cryptocurrency derivatives exchange, offering an array of financial products such as futures, options, and leveraged tokens. However, the platform experienced a swift collapse in November 2022 following concerns over its financial stability and management practices, particularly regarding its heavy reliance on FTT and the solvency of its associated entity, Alameda Research. The unfolding of events, including a failed acquisition by Binance and subsequent bankruptcy filings, underscored the inherent risks and volatility within the cryptocurrency market.”

FTX Token Token Trading

It is usually not possible to purchase alternative cryptocurrencies such as FTX Token directly using US dollars. Investors seeking to trade FTX Token should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase FTX Token using one of the aforementioned exchanges.

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