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FTX Token (FTT)
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What is FTX Token?
Established in April 2019, the FTX cryptocurrency exchange was built for traders by traders. The FTX Exchanges’s native token is FTT, designed to increase network effects around the platform. The FTX founders' goals included the development of a robust platform that performs equally well for first-time users and professional trading firms alike.
With that in mind, the FTX platform offers leveraged tokens like FTT, volatility products, options, and ostensibly, industry-first derivatives. The FTX derivatives exchange offers over-the-counter trading, futures, and leveraged tokens on baskets and individual crypto assets. The exchange is backed by a trading firm called Alameda Research, which trades upwards of one billion dollars every day.
Intended to permit you to take advantage of exposure to cryptocurrency markets, leveraged tokens like FTT are innovative assets. FTX was the first derivatives exchange to introduce FTT, but other exchanges quickly listed it as well. FTX leveraged tokens are ERC-20 tokens issued on the Ethereum blockchain.
The concept behind FTX is that you can get in a leveraged position without the need to worry about funding rates, liquidation, margin, or collateral. With that said, leveraged tokens allow most of the same functionality as other tokens since they're on a blockchain. And because they're on the blockchain, you can leverage your exposure to an underlying asset while buying, storing, and transferring leveraged tokens just as you would any other token.
FTX Token Market Price Ticker Chart
Not currently supported on BlockCard; data on currently unsupported cryptocurrencies is included for your convenience.
FTX Token Frequenty Asked Questions
Where does FTX Token (FTT) rank among in terms of popularity? How relevant is it compared to competitors?
In terms of popularity, FTX Token currently ranks in position 36 out of the top 1000 cryptocurrencies. Another important factor in popularity is FTX Token‘s market capitalization – in general, the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. FTX Token has a market cap of $ 2,249,728,755, which compares to Bitcoin (the most popular cryptocurrency by several metrics) with a market cap of $ 830,530,031,224, Litecoin at $ 10,853,933,229, Ethereum at $ 160,939,373,553, Tether at $ 35,198,057,071, and XRP at $ 18,909,007,446.
What is the price of FTX Token (FTT) today (updated in realtime)?
The current price of FTX Token is $ 25.31 in USD. (The price in Euros is 20,97 €; and the price in Bitcoin is Ƀ 0.00056900 BTC.)
How has FTX Token (FTT) performed recently?
FTX Token‘s price has decreased in the last 24 hours by -10.01%. The change in price over the last seven days was -20.36%. The trading volume over the last 24 hours was $ 80,102,337. Trading volume indicates how many units of a currency are being bought and sold on specific exchanges. High trading volumes are likely to drive more on-chain activity, for example when people deposit and withdraw funds, and it is considered a good indicator of popular interest in the currency.
What is FTX Token‘s (FTT) market supply?
The total circulating (available) supply of FTX Token is 88,870,127 FTT. The total supply of FTX Token is 339,742,463 FTT.
What is the 24 hour volume for FTX Token (FTT)?
The 24 hour volume of FTX Token is $ 80,102,337.
What is FTX Token (FTT) official website?
FTX Token‘s official website, social accounts, blockchain explorer, and Github repository if applicable.
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