FTX Token update: FTT Live price, price chart, news and markets

The FTT price update as of now is $0.5855. In the previous 24 hours, its trading volume was $3,919,092, and its value has increased by 5.06%. As of now, FTT's live market cap is $192,574,519, and it is ranked as the #190 on the Coincu. FTT has a circulating supply of 328,895,104 and a maximum supply of 328,895,104.

FTX Token (FTT) is a token that serves as the foundation of the FTX ecosystem. The token is designed to enhance network effects and create demand for the token, while also reducing its circulating supply. FTT is a Utility Token and a Native Token used in FTX Exchange, available in two versions: ERC-20 (Ethereum) and SPL (Solana). What is FTX Token (FTT)? FTX Token (FTT) is the exchange token of the FTX ecosystem and acts as collateral for futures positions, providing discounts on trading fees, OTC rebates, and more. The FTX trading platform offers leveraged tokens, OTC, and futures trading, with the aim of becoming the top crypto derivatives exchange in the blockchain world. FTT is the utility token for FTX, a prominent international crypto derivatives exchange. FTX customers can use the token to reduce fees and earn interest. However, it is important to consider certain factors before purchasing the coin if you are not an FTX customer. Distinctive Features What is FTX Token (FTT) aiming to achieve? FTX is a cryptocurrency derivatives exchange that offers futures, leveraged tokens, and OTC trading. The derivatives space faces challenges that hinder its progress, and FTX aims to address these issues and elevate the derivatives market to an institutional grade. Since its launch, FTX has become one of the most liquid order books globally. FTX futures have reached a daily trading volume of over $100 million, while FTX OTC has traded another $30 million. The goal is to achieve the profitability of Bitmex and OKEx within a year, and FTX has garnered significant support from industry leaders who recognize the demand for a well-designed derivatives exchange. To accelerate growth and build a strong community, FTX is conducting a token raise for individuals interested in contributing to FTX's expansion. What sets FTX Token (FTT) apart? FTX distinguishes itself from competitors through its extensive range of features, but its greatest strength lies in its exceptional team. The team behind FTX has consistently demonstrated the ability to enter crowded markets, disrupt the status quo, and emerge as dominant players. Their track record of innovation, execution, and rapid growth sets them apart from the competition. FTX envisions immense untapped potential in the derivatives market and invites investors and supporters to join them on their journey towards success. FTX is backed by Alameda Research, a quantitative cryptocurrency trading firm with approximately $100 million in assets under management. Within a year, Alameda Research has become the largest liquidity provider and market maker in the space, trading $600 million to 1 billion daily and accounting for around 5% of global volume. Alameda Research is ranked 2nd on the BitMEX leaderboard. One-third of all fees generated on FTX will be used for an FTT repurchase until at least half of all FTT is burned. Any FTT purchased through this process will be burned. FTT can be used as collateral for future positions, allowing customers who hold a certain amount of FTT for a specific period to receive lower FTX futures fees. This further drives demand for FTT. For more information, please click here. Read More: Click Here