FTX Token One Day Volume Tops $17.15 Million (FTT)

FTX Token (FTT) traded 5.9% lower against the dollar during the 1 day period ending at 19:00 PM E.T. on August 3rd. One FTX Token token can now be purchased for about $1.26 or 0.00002082 BTC on exchanges. Over the last week, FTX Token has traded down 14.2% against the dollar. FTX Token has a total market cap of $413.94 million and approximately $17.15 million worth of FTX Token was traded on exchanges in the last 24 hours.

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 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded 1.9% higher against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 1.3% lower against the dollar and now trades at $0.0123 or 0.00000020 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded down 17.1% against the dollar and now trades at $0.0811 or 0.00000134 BTC.

About FTX Token

FTX Token launched on July 29th, 2019. FTX Token’s total supply is 328,895,104 tokens. The official website for FTX Token is ftx.com. FTX Token’s official message board 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.”

Buying and Selling FTX Token

It is usually not currently possible to purchase alternative cryptocurrencies such as FTX Token directly using U.S. dollars. Investors seeking to trade FTX Token should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase FTX Token using one of the aforementioned exchanges.

FTT/USD price chart by TradingView