FTX Token Reaches Market Capitalization of $426.65 Million (FTT)

FTX Token (FTT) traded up 0.6% against the U.S. dollar during the 1 day period ending at 7:00 AM E.T. on March 18th. In the last seven days, FTX Token has traded up 7.5% against the U.S. dollar. FTX Token has a market cap of $426.65 million and approximately $17.20 million worth of FTX Token was traded on exchanges in the last day. One FTX Token token can now be purchased for about $1.30 or 0.00001569 BTC on exchanges.

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

• Taiko (TAIKO) traded 1.9% lower against the dollar and now trades at $0.63 or 0.00000763 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% 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 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 0.1% against the dollar and now trades at $82,731.97 or 1.00049745 BTC.
• SolvBTC (SOLVBTC) traded 0.5% lower against the dollar and now trades at $82,708.74 or 1.00021657 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

FTX Token Profile

FTX Token’s genesis date was 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. The official website for FTX Token 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.”

Buying and Selling FTX Token

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

FTT/USD price chart by TradingView