FTX Token (FTT) Achieves Market Capitalization of $635.15 Million

FTX Token (FTT) traded 10.1% lower against the dollar during the one day period ending at 19:00 PM ET on October 17th. One FTX Token token can currently be bought for $1.93 or 0.00002868 BTC on major exchanges. FTX Token has a total market cap of $635.15 million and approximately $50.52 million worth of FTX Token was traded on exchanges in the last 24 hours. Over the last seven days, FTX Token has traded down 5.8% against the dollar.

Here is how similar cryptocurrencies have performed over 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 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% 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 0% against the dollar and now trades at $0.0494 or 0.00000073 BTC.
• P2P Solutions foundation (P2PS) traded 0.2% lower against the dollar and now trades at $169.09 or 0.00251089 BTC.

FTX Token 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 website is ftx.com. FTX Token’s official message board 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 purchase alternative cryptocurrencies such as FTX Token directly using U.S. dollars. Investors seeking to acquire FTX Token should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase FTX Token using one of the exchanges listed above.

FTT/USD price chart by TradingView