FTT Token Current Price Overview
The current price of FTX Token (FTT) is ¥13.02 (~$1.83) per coin, with a 24-hour trading volume of ¥81,054,133 (~$11.4M). Over the past day, FTT has shown a modest growth of 0.34%.
Key metrics:
- Market Cap: ¥4,263,268,761 (~$600M)
- Circulating Supply: 328,895,112 FTT
- Max Supply: 352,170,015 FTT
- CMC Rank: #211 (as of latest data)
FTX Token Exchange Price Comparisons
Prices may vary slightly across different exchanges due to liquidity and trading pairs. Always check real-time data before executing trades.
What Is FTX Token (FTT)?
FTT serves as the native utility token for the FTX cryptocurrency derivatives exchange, launched on May 8, 2019. Developed by a team of seasoned crypto traders, FTX addresses common pain points in traditional crypto futures platforms through innovative features like:
✅ Three-tier liquidation model
✅ Universal stablecoin settlement
✅ Leveraged tokens (up to 3x long/short positions)
Core Use Cases
| Function | Benefit |
|---|---|
| Trading fee discounts | Up to 60% reduction |
| Collateral | For futures positions |
| Staking rewards | NFT access, airdrops |
| Token burns | 33% of fees used for buybacks |
👉 Explore FTT's staking advantages
Who Created FTX Token?
Sam Bankman-Fried (CEO) and Gary Wang (CTO) co-founded FTX after identifying gaps in existing crypto derivatives markets. Their backgrounds include:
- Bankman-Fried: MIT physics grad, ex-Jane Street trader
- Wang: Former Google/Facebook engineer, MIT CS graduate
What Makes FTT Unique?
- Institutional-Grade Infrastructure
Backed by Alameda Research’s liquidity expertise - Rapid Product Iteration
Continuous deployment of new trading products - Ecosystem Incentives
Regular token burns and staking rewards maintain scarcity
FTT Supply Dynamics
- Circulating (2024): ~328M FTT
- Total Supply: 352M FTT
- Deflationary Mechanism: 33% of trading fees fund buybacks
Security Measures
FTT operates as an ERC-20 token with:
- Hardware wallet support (Ledger Nano S/X)
- Audits: Completed by Blockchain Consilium
FAQ Section
Q: How can I buy FTT tokens?
A: Purchase through major exchanges like OKX using BTC, USDT, or fiat pairs.
Q: Is FTT a good long-term investment?
A: While past performance shows utility, always conduct independent research given crypto market volatility.
Q: What’s the highest price FTT reached?
A: All-time high was ~$85 in September 2021 during the last bull market cycle.
👉 See real-time FTT price charts
Disclaimer: Cryptocurrency investments carry risk. This content does not constitute financial advice.
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