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FTX Token (FTT)

€ 2,71

-4,63 % € -0,13
24h 1w 1m 1y All

FTX Token Price in Euros

(FTT to EUR)

€ 2,71

FTX Token Volume

(24h)

€ 39.55 M

Market Cap

(FTX Token)

€890.76 M
BTC

What is FTX Token

The FTX Token (FTT) is the native token of the FTX trading platform. On the FTX trading exchange, you can trade crypto currencies, derivatives, indices, securities and stocks. The founders of FTX started their own platform after years of trading. The token was launched a year later and initially only aimed to serve as a reward for exchange transactions, but has already gained more features.

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How does FTX Token work?

The FTX Token serves as collateral on the FTX exchange. It entitles token holders to discounts on their purchases, and share in the profits of the FTX insurance fund. The exchange regularly buys back and burns their own tokens to maintain their value.

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How to buy FTX Token?

Do you want to buy FTX Token (FTT)? You can easily do this at a crypto exchange like Coinmerce. Pay with SEPA or credit card and you’ll receive your FTT tokens shortly!

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How to buy FTX Token?

Would you like to buy FTX Token (FTT)? You can buy FTX Token using a credit card or SEPA at Coinmerce. Once you are logged in, you will see ‘Coins’ in the top menu. When you click on this button, you come to the page with all crypto coins that Coinmerce offers. If you don't see FTX Token, use the search function to search for FTX Token and click on the name. You can indicate the amount of euros you want to buy FTX Token for in the right window. Below is shown how much FTX Token tokens you get for this. If you have entered the desired amount you can click on "Buy". You can also execute a "Stop limit order" at Coinmerce. Our system will automatically buy FTX Token when the price of FTX Token reaches your entered value. You can also execute a repeating order. Do you want to buy FTX Token with another crypto currency? Then you go to the cryptocurrency you want to pay with and click on "Swap" in the right window to indicate that you want to receive FTX Token.

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About FTX Token

The FTX Token was founded by Sam Bankman-Fried and Gary Wang. Bankman-Fried is the co-founder and CEO of FTX: Cryptocurrency Derivatives Exchange. He is also the CEO of Almeda Research and worked as director of development at the Center for Effective Altruism. In addition, he was a trader at Jane Street Capital from 2014 to 2017. Bankman-Fried studied physics and holds a bachelor's degree from the Massachusetts Institute of Technology. Gary Wang is co-founder and CTO at FTX: Cryptocurrency Derivatives Exchange as well as CTO at Almeda Research. Before that, he worked as a software engineer, having moved up from software engineering intern at Google. He also interned as a software engineer at Facebook. He has a bachelor's degree in mathematics and computer science from the Massachusetts Institute of Technology. The FTX Token has other functions besides handing out rewards. Users of the FTX exchange can receive VIP discounts in the form of FTT depending on the number of tokens they hold. It is also possible to earn rewards for providing liquidity through futures positions. One-third of the commissions received from transactions on FTX are used to buy back FTT. Tokens bought back in this way are burned. FTT tokens are further used to reduce trading costs and secure futures positions. By purchasing a white label version of FTX's OTC portal and futures market, institutions and investors pay fees in FTT tokens. By creating leveraged tokens, projects can pay listing fees with FTT. FTT staking also offers perks: discounts, the opportunity to win NFTs, participation in airdrops, bonus votes and IEO tickets.

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Founder Sam Bankman Fried
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Founded 2018
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Website Website
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Network ERC-20
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Location
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Rank 118
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Market Cap 890.76 M
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Trading volume 39.55 M
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Maximum coins 0
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Circulating 328.9 M
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