FTX Token (FTT) Reaches Market Capitalization of $532.55 Million

FTX Token (FTT) traded up 9.2% against the U.S. dollar during the twenty-four hour period ending at 18:00 PM ET on May 6th. One FTX Token token can currently be purchased for about $1.62 or 0.00002551 BTC on major cryptocurrency exchanges. FTX Token has a market cap of $532.55 million and approximately $29.35 million worth of FTX Token was traded on exchanges in the last 24 hours. During the last week, FTX Token has traded up 14.4% against the U.S. dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

• KILT Protocol (KILT) traded down 0.6% against the dollar and now trades at $0.30 or 0.00000477 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% 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 1.4% lower against the dollar and now trades at $0.0098 or 0.00000016 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

FTX Token Token Profile

FTX Token launched 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. The official website for FTX Token is ftx.com. The official message board for FTX Token is medium.com/@ftx.

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 currently 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 Coinbase, Changelly or Gemini. 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