FTX Token
$0.2512
1.1%(24h)Today
1.1%
30 Days
20.4%
Price Change (24h)
$0.002807
View on TradingView
Price of FTX Token Today
The live price of FTX Token is $0.2512 per FTT/USD, +1.13% in the last 24 hours. It has a market cap of $74.06M and $636.06K in trading volume over the same period. Prices are averaged across every exchange we track and update continuously. FTT has a circulating supply of 328.9M.
Current price
$0.251224h high
$0.259024h low
$0.245024h
+1.13%7d
+0.04%30d change
+20.43%FTT Market Stats
Rank
#277
By market cap
Market Cap
$74.06M
24h Volume
$636.06K
Across 6 exchanges
FDV
$82.63M
If all tokens were issued
Circulating Supply
328.9M FTT
93.4% of max supply issued
Total Supply
328.9M FTT
Max Supply
352.17M FTT
Listed on
6 exchanges
Website & Community
Contract
ETH0x50d1…a4c9
Where to buy FTX Token
FTX Token is available on 7 exchanges. Prices shown are live.
| Exchange | Pair | Volume | Trade |
|---|---|---|---|
| Binance | FTTUSDT | $140.92K | Buy FTT on Binance |
| MEXC | FTTUSDT | $81.68K | Buy FTT on MEXC |
| LBank | ftt_usdt | $52.40K | Buy FTT on LBank |
| KuCoin | FTT-USDT | $21.66K | Buy FTT on KuCoin |
| Bybit | FTTUSDT | $9.31K | Buy FTT on Bybit |
| Bitget | FTTUSDT | $8.25K | Buy FTT on Bitget |
| Gate | FTT_USDT | $4.39K | Buy FTT on Gate |
Price: $0.2512 — Price Source: 6 exchanges
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People also ask about FTX Token
What Is FTX Token (FTT)?
FTT is the native token of the FTX cryptocurrency derivatives exchange, which launched in May 2019. The exchange filed for bankruptcy in November 2022 and is still in proceedings, so caution is advised when dealing with FTT. FTX was created by a team of experienced crypto traders who aimed to address issues they saw in other futures platforms, offering features like clawback prevention and a centralized collateral pool. The exchange attracted backing from major investors and grew to over a million users with billions in daily trading volume before its collapse.
Who Are the Founders of FTX Token?
FTT was founded by Sam Bankman-Fried and Gary Wang. Bankman-Fried served as CEO of FTX and also led Almeda Research, a trading firm. He previously worked at Jane Street Capital and holds a physics degree from MIT. Wang was the CTO of FTX and also held a tech role at Almeda Research. He had experience as a software engineer at Google and Facebook, and earned a degree in mathematics and computer science from MIT. Both co-founded the exchange in 2019.
How Many FTX Token (FTT) Coins Are There in Circulation?
FTX is a derivatives exchange offering futures, leveraged tokens, and over-the-counter trading with institutional focus. The FTT token is central to the FTX ecosystem, designed to boost network effects and reduce circulating supply. As of February 2021, there were about 94 million FTT tokens in circulation, with a total supply of roughly 345 million. The token's supply is managed to support the platform's operations and incentives.
How Is the FTX Token Network Secured?
FTT is an ERC-20 token on the Ethereum blockchain, so it benefits from Ethereum's security. Users can store FTT on hardware wallets like Ledger Nano X/S through the Ethereum app. Security audits for FTT and leveraged tokens are conducted by Blockchain Consilium, an auditing firm, to ensure the integrity of the smart contracts and token operations.
Where Can You Buy FTX Token (FTT)?
FTT can be traded on several cryptocurrency exchanges, including Binance, Binance JEX, HitBTC, and Huobi Global. For newcomers, it's advisable to learn the basics of trading before making a purchase. These platforms provide access to FTT markets, allowing users to buy, sell, or trade the token according to their needs.
What is FTX Token?
FTX Token (FTT) is the native digital asset of the FTX cryptocurrency derivatives exchange, which was launched on May 8, 2019. The platform was created by Sam Bankman-Fried and Gary Wang, with backing from several notable investment firms. FTX filed for Chapter 11 bankruptcy protection in the United States on November 11, 2022, and is currently undergoing legal proceedings. As a result, the status of the exchange and the token may have changed, and caution is advised when dealing with FTT.
The exchange was designed to address issues found on other crypto futures platforms, featuring a centralized collateral pool, universal stablecoin settlement, and a three-tiered liquidation model to mitigate losses. It also offers leveraged tokens, which are ERC-20 compatible and allow traders to take leveraged positions without traditional margin trading. By 2022, FTX reported over one million registered users and daily trading volumes in the billions of dollars.
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FTT was introduced a year after the exchange's founding as an ERC-20 token. Its uses include reducing trading fees, serving as collateral, and providing access to staking benefits such as discounts, airdrops, and voting rights. The token is also used for listing fees and payments for certain institutional services. To support its value, FTX has implemented a buyback and burn mechanism, using a portion of trading fees and other revenues to repurchase and destroy tokens.