FTX Token (FTT) Trading 14.2% Lower Over Last 7 Days

FTX Token (FTT) traded 4.4% lower against the U.S. dollar during the 24 hour period ending at 7:00 AM Eastern on October 11th. FTX Token has a total market capitalization of $675.81 million and $38.65 million worth of FTX Token was traded on exchanges in the last day. One FTX Token token can currently be purchased for approximately $2.05 or 0.00003368 BTC on major exchanges. Over the last week, FTX Token has traded 14.2% lower against the U.S. dollar.

Here’s how related 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 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.
• 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 up 0% against the dollar and now trades at $0.0512 or 0.00000084 BTC.
• P2P Solutions foundation (P2PS) traded up 0.8% against the dollar and now trades at $156.15 or 0.00255985 BTC.

FTX Token Token Profile

FTX Token’s genesis date was July 29th, 2019. FTX Token’s total supply is 328,895,104 tokens. The official message board for FTX Token is medium.com/@ftx. FTX Token’s official website is ftx.com. FTX Token’s official Twitter account is @ftx_official and its Facebook page is accessible here.

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 US dollars. Investors seeking to trade FTX Token should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy FTX Token using one of the aforementioned exchanges.

FTT/USD price chart by TradingView