FTX Token (FTT) Reaches Market Cap of $1.06 Billion

FTX Token (FTT) traded 0.9% higher against the U.S. dollar during the one day period ending at 13:00 PM ET on December 24th. One FTX Token token can currently be purchased for $3.23 or 0.00003281 BTC on major exchanges. Over the last week, FTX Token has traded up 12.2% against the U.S. dollar. FTX Token has a market capitalization of $1.06 billion and approximately $45.84 million worth of FTX Token was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed over the last day:

• 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.
• 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.
• SolvBTC (SOLVBTC) traded up 5.6% against the dollar and now trades at $98,258.94 or 0.99773394 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 5.7% against the dollar and now trades at $97,276.82 or 0.98776131 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.

FTX Token Profile

FTX Token was first traded on July 29th, 2019. FTX Token’s total supply is 328,895,104 tokens. FTX Token’s official message board is medium.com/@ftx. FTX Token’s official Twitter account is @ftx_official and its Facebook page is accessible here. 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.”

FTX Token Token Trading

It is usually not presently possible to buy alternative cryptocurrencies such as FTX Token directly using US dollars. Investors seeking to acquire FTX Token should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. 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