FTX Token Achieves Market Cap of $575.89 Million (FTT)

FTX Token (FTT) traded 2.4% lower against the U.S. dollar during the one day period ending at 18:00 PM E.T. on October 31st. Over the last seven days, FTX Token has traded down 8.6% against the U.S. dollar. FTX Token has a total market capitalization of $575.89 million and approximately $26.37 million worth of FTX Token was traded on exchanges in the last 24 hours. One FTX Token token can currently be bought for about $1.75 or 0.00002488 BTC on popular cryptocurrency exchanges.

Here’s 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 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 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded down 2.6% against the dollar and now trades at $70,265.96 or 0.99838532 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 2.7% lower against the dollar and now trades at $70,198.29 or 0.99742386 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 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 website for FTX Token is ftx.com. The official message board for FTX Token is medium.com/@ftx. 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 presently possible to purchase alternative cryptocurrencies such as FTX Token directly using US dollars. Investors seeking to acquire FTX Token should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. 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