FTX Token Market Cap Hits $415.02 Million (FTT)

FTX Token (FTT) traded down 0.3% against the dollar during the 24-hour period ending at 12:00 PM Eastern on September 7th. FTX Token has a market capitalization of $415.02 million and approximately $9.11 million worth of FTX Token was traded on exchanges in the last 24 hours. Over the last seven days, FTX Token has traded 1.2% lower against the dollar. One FTX Token token can now be bought for approximately $1.26 or 0.00002304 BTC on popular exchanges.

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

• 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 down 2.2% 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.
• 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 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded down 1.9% against the dollar and now trades at $0.0519 or 0.00000095 BTC.
• 2G Carbon Coin (2GCC) traded 0.4% lower against the dollar and now trades at $0.0480 or 0.00000183 BTC.

FTX Token Token Profile

FTX Token’s launch 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. The official message board for FTX Token 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.”

Buying and Selling FTX Token

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

FTT/USD price chart by TradingView