FTX Token Hits Market Capitalization of $427.48 Million (FTT)

FTX Token (FTT) traded 0.7% higher against the U.S. dollar during the twenty-four hour period ending at 0:00 AM E.T. on August 18th. One FTX Token token can now be purchased for $1.30 or 0.00002213 BTC on cryptocurrency exchanges. FTX Token has a total market capitalization of $427.48 million and approximately $8.43 million worth of FTX Token was traded on exchanges in the last 24 hours. During the last seven days, FTX Token has traded 3.2% higher against the U.S. dollar.

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

• 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 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.
• 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 0.1% lower against the dollar and now trades at $0.0136 or 0.00000023 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 0% higher against the dollar and now trades at $0.0530 or 0.00000090 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 website is ftx.com. FTX Token’s official Twitter account is @ftx_official and its Facebook page is accessible here. 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 possible to buy alternative cryptocurrencies such as FTX Token directly using U.S. dollars. Investors seeking to trade FTX Token should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy FTX Token using one of the aforementioned exchanges.

FTT/USD price chart by TradingView