Categories: Market

The expansion of the ecosystem and the acquisition of LedgerX brings the price of FTX Token (FTT) to the new ATH

Real-world adoption and model consciousness is one of the finest methods for a blockchain mission to add worth and appeal to new customers to its ecosystem.

One mission that has seen great progress in 2021 thanks to elevated direct public presence in addition to thrilling protocols and partnerships is FTX, the derivatives change based by Sam Bankman-Fried and Gary Wang.

Data from TradingView reveals that after hitting a low under $ 50 on Tuesday (August 31), FTT price rose 42% final night time to a new all-time excessive (ATH) of $ 66.50. 1/9) as its 24-hour trading quantity rose 200% to $ 1.675 billion.

4 hour body FTT price chart | Source: TradingView

The elevated momentum follows the announcement of FTX US, the US arm of FTX, to take over LedgerX, a completely licensed US choices and futures change.

We’re excited to announce that FTX is taking on US LedgerX!

We look ahead to working with the @LedgerX Team to provide CFTC-regulated crypto derivatives in the US market. pic.twitter.com/6VgH4psaL5

– FTX – Built by sellers for sellers (@FTX_Official) August 31, 2021

“We’re excited to announce that FTX is taking over US LedgerX!

We look forward to partnering with LedgerX to offer the US market CFTC-regulated trading in crypto derivatives. “

With this acquisition, FTX will now be able to offer regulated crypto futures and options contracts to the US market.

FTX has had a busy year partnering and promoting such as acquiring the naming rights to multiple stadiums and becoming an official sponsor of Major League Baseball, a unique offering in the US market.

And to show that they are also on the pulse of the crypto community, FTX also recently announced plans to list the growing Star Atlas gaming ecosystems Metaverse and NFT, a very exciting project that will showcase the growth momentum of NFT and the gaming industry .

That’s a small step for a man, a giant #Listing for humanity. – @staratlas pic.twitter.com/MCY72eWNsN

– FTX – Built by sellers for sellers (@FTX_Official) August 31, 2021