FTX Token Reaches Market Capitalization of $507.10 Million (FTT)

FTX Token (FTT) traded up 13.3% against the dollar during the 1-day period ending at 11:00 AM ET on April 22nd. One FTX Token token can now be purchased for approximately $1.54 or 0.00002337 BTC on exchanges. FTX Token has a total market capitalization of $507.10 million and approximately $22.01 million worth of FTX Token was traded on exchanges in the last 24 hours. During the last seven days, FTX Token has traded 19% higher against the dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• KILT Protocol (KILT) traded 0.6% lower against the dollar and now trades at $0.34 or 0.00000511 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 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% 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 up 1.2% 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 0.6% higher against the dollar and now trades at $0.0088 or 0.00000013 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

FTX Token Token Profile

FTX Token was first traded on July 29th, 2019. FTX Token’s total supply is 328,895,104 tokens. FTX Token’s official Twitter account is @ftx_official and its Facebook page is accessible here. FTX Token’s official message board is medium.com/@ftx. 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 buy alternative cryptocurrencies such as FTX Token directly using US dollars. Investors seeking to acquire FTX Token should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy FTX Token using one of the exchanges listed above.

FTT/USD price chart by TradingView