FTX Token’s price today is US $ 27.31, with a 24-hour trading quantity of $171.32 M. FTT is -3.31% in the last 24 hr. It is currently -6.47% from its 7-day all-time high of $29.20, and also 9.06% from its 7-day lowest level of $25.04. FTT has a distributing a flowing supply of 133.98 M FTT as well as a max supply of 352.17 M FTT.
What is FTX Token
FTT is the {native|indigenous} token for the FTX cryptocurrency {derivatives|by-products} exchange that {provides|offers|supplies|gives} futures, leveraged {tokens|symbols}, {and|as well as|and also} OTC trading. Futures exchanges still have {many|numerous|lots of|several} {crippling|debilitating} {flaws|defects|problems|imperfections} that are holding the {space|area|room} back. FTX’s {mission|objective|goal} is to {solve|resolve|fix|address} these {problems|issues|troubles} {and|as well as|and also} {move|relocate} the {derivatives|by-products} {space|area|room} {toward|towards} {becoming|ending up being|coming to be} institutional {grade|quality}. It {offers|provides|uses|supplies} {a variety|a range|a selection} of applications that are {intended|meant|planned} to {assist|help|aid} its {users|individuals|customers} {and|as well as|and also} {enhance|improve|boost} network {effects|impacts|results} {across|throughout} the {platform|system}.
{A brief|A short|A quick} {history|background} of FTX {Token|Symbol}
FTX, a cryptocurrency {derivatives|by-products} exchange that debuted in April 2019, is a trading {platform|system} for futures {and|as well as|and also} leveraged {tokens|symbols} on {individual|private|specific} {and|as well as|and also} baskets of crypto {assets|possessions|properties}, {over-the-counter|over the counter|non-prescription} (OTC) trading, {and|as well as|and also} {even|also} binary {options|choices|alternatives} on the {result|outcome} of the 2020 American {Presidential|Governmental} {election|political election}. It was {funded|moneyed} by Alameda {Research|Research study|Study}, a trading {business|company|service|organization} that {handles|deals with|manages|takes care of} {between|in between} US$ 600 million {and|as well as|and also} $1 billion in {volume|quantity} {every day|daily|each day|everyday|on a daily basis}, or around 5% of {worldwide|around the world|globally} {activity|task} at the time of {writing|composing|creating}.
FTX was {created|produced|developed} to {avoid|prevent|stay clear of} clawbacks {by using|by utilizing} a three-tiered liquidation {strategy|technique|method|approach} that {closes|shuts} holdings with rate-limited orders {and|as well as|and also} {uses|utilizes|makes use of} {an insurance|an insurance coverage|an insurance policy} fund to {protect|safeguard|secure|shield} {customers|clients|consumers} from losses. {Collateral|Security} is {pooled|merged} in {a single|a