FTX Token Achieves Market Cap of $418.10 Million (FTT)

FTX Token (FTT) traded up 5.7% against the dollar during the twenty-four hour period ending at 12:00 PM ET on April 18th. Over the last week, FTX Token has traded 18.6% lower against the dollar. One FTX Token token can currently be purchased for approximately $1.27 or 0.00001996 BTC on major exchanges. FTX Token has a market capitalization of $418.10 million and approximately $10.75 million worth of FTX Token was traded on exchanges in the last day.

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

• KILT Protocol (KILT) traded 3.7% higher against the dollar and now trades at $0.33 or 0.00000523 BTC.
• 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.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 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 0.1% higher against the dollar and now trades at $0.0086 or 0.00000013 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About FTX Token

FTX Token’s genesis date was July 29th, 2019. FTX Token’s total supply is 328,895,104 tokens. The official website for FTX Token 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.”

Buying and Selling FTX Token

It is usually not possible to buy alternative cryptocurrencies such as FTX Token directly using U.S. dollars. Investors seeking to acquire FTX Token should first buy Ethereum or Bitcoin using an exchange that deals in U.S. 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