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FTX Token price, market cap on Coin360 heatmap

FTX Token(FTT)

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$2.1204
(-7.1%)
0.00003125 BTC
Market Cap (Rank#125)
$697,382,360
10,278 BTC
Vol 24h
$34,411,215
507.153 BTC
Circulating Supply
328,895,103.81
Max Supply
352,170,015
30 days agonulltx
FTX TOKEN PRICE ANALYSIS & PREDICTION (February 3) – FTT Bounces After Retesting A Key Level, Reaching Exhaustion Point?
FTT bounced off a key price level yesterday after retesting it as support. It has provided another big opportunity for a long-term buy after falling to its lowest price level in two months. The trend is likely to reverse soon. Following several drops in the past seven weeks, FTT extended […]
33 days agocoindesk
FTX Expects to Fully Repay Customers but Won't Restart Defunct Crypto Exchange
Its FTT token surged nearly 11% after the news.
41 day agocoindesk
FTT Bucks Market Turmoil As FTX Estate Revealed To Be Behind GBTC Sales
FTT was up 11% in the past 24 hours as the broader market tracked by CoinDesk 20 slumped 4%.
52 days agonulltx
FTX TOKEN PRICE ANALYSIS & PREDICTION (January 12) – FTT Rebounds With 18% Profits Amid Fresh Surge, Signals Buy
FTT found support this week after retracing for two weeks. The price bounced back earlier today as it gears up for another leg up. A surge through the last month’s resistance could set the asset for a big rally. In late 2023, when the overall market started to pick up, […]
52 days agocryptopotato
BTC Calms at $46K After ETF Rollercoaster, BCH and FTT Explode by Double Digits (Market Watch)
While BTC has calmed below $46,000, BCH has gone on a tear with a massive surge.
86 days agonulltx
Terra Classic and FTX Token Surge in Rapid Growth; Rising AI Altcoin Attracts Huge Investments
Get ready to ride the wave of exciting developments in the crypto landscape. This article explores the surging success of Terra Classic (LUNC) and the FTX Token (FTT) while shining a spotlight on the rising star of the AI altcoin scene – InQubeta (QUBE). It’s a tale of rapid growth, […]
91 day agocryptopotato
FTX Token Jumps Another 15% as Analyst Identifies This Token as the Next Altcoin to Explode
FTX Token (FTT) has continued its upward trajectory over the weekend, gaining another 15% to reach its highest level in a year. FTT has been rallying nonstop since early November on speculation that the collapsed FTX exchange could make a comeback with an “FTX 2.0” relaunch at some point. While FTT grabs headlines, investors are […]
97 days agocryptopotato
FTX Token (FTT) Soars 10% Daily, Bitcoin (BTC) Wobbly at $37K (Market Watch)
FTT is up by double digits on both daily and weekly scales.
102 days agocointelegraph
FTX’s FTT token rallies 30% — Binance effect or FTX 2.0 reopening?
This surge suggests significant institutional attention despite the token’s historical association with FTX’s financial challenges.
102 days agocryptopotato
FTX Token (FTT) Jumps 20% Following the Binance-DOJ Settlement: Details
FTT has exploded by 100% in the past week and around 300% on a monthly basis.
112 days agocryptopotato
These Are Last Week’s Top Performers as Bitcoin Settles at $37K (Market Watch)
FTT has emeged as the top performer on a weekly scale, due to the growing rumors of a FTX restart.
114 days agozycrypto
SEC Gensler’s Remarks Fuel 150% FTX Token (FTT) Surge, Stirring Community Dissatisfaction
In a stunning turn of events, FTT, the native token of the now-defunct cryptocurrency exchange FTX, experienced a remarkable 150% surge Friday to tap $5.53 following comments made by U.S. Securities and Exchange Commission (SEC) chairman Gary Gensler.
114 days agocryptopotato
FTT Explodes 250% Weekly Amid FTX Revival Rumors, BTC Flat at $37K (Weekend Watch)
FTX's native token stands in a league of its own in terms of both daily and weekly gains.
116 days agocryptopotato
Here’s How FTX Could Be Revived According to SEC Chair Gary Gensler
News of the companies bidding for FTX's remains have triggered the exchange's token FTT to soar roughly 70% within 24 hours.
116 days agocoindesk
FTT Token Jumps 90% as Gensler Seemingly Paves Way for FTX Reboot
FTT, the native token of defunct cryptocurrency exchange FTX, has surged by 90% following comments from SEC chairman Gary Gensler in relation to a potential reboot of the exchange that collapsed one year ago.
116 days agozycrypto
FTT Token Spikes 76% After SEC Chair Signals Openness To An FTX Exchange Reboot
Plans to bring Sam Bankman-Fried's crypto exchange FTX back to life are currently underway.
137 days agocoindesk
FTX Used Billions in Customer Funds to Buy Back Binance Stake
Binance CEO Changpeng Zhao said in a 2022 post the company had received over $2.1 billion in binance usd (BUSD) stablecoins and FTX’s FTT tokens.
144 days agocointelegraph
Changpeng Zhao's tweet 'contributed' to collapse of FTX, claims Caroline Ellison
The former Alameda Research CEO placed part of the blame for FTX's failure on CZ, while the Binance CEO claimed Ellison's offer to buy the firm's FTT holdings was the cause.
152 days agocointelegraph
Alameda sent $4.1B of FTT tokens to FTX before crash: Nansen report
Nansen analysts observed “unusual transactions between FTX and Alameda” in the days leading up to FTX’s bankruptcy.
194 days agocryptodaily
BlockFi Pushes Back On FTX And Three Arrows Capital Repayment
Bankrupt crypto lender BlockFi is reportedly trying to block attempts by FTX and Three Arrows Capital (also bankrupt) to retrieve millions of dollars to pay back their creditors. BlockFi has claimed that, by its estimates, legal battles with FTX and Three Arrows Capital could cost its customers up to $1 billion. BlockFi Looks To Stop FTX And 3AC Repayment BlockFi claimed in a 21st August filing at the New Jersey bankruptcy court that its own creditors must not be pushed to the back of the line because FTX’s creditors were harmed thanks to the exchange allegedly misappropriating the $5 billion that BlockFi had initially lent it. In an attempt to safeguard the interest of its creditors, BlockFi has stated it will actively look to block attempts by FTX and Three Arrows Capital to claw back billions to pay off their own creditors. The crypto lender argued that its bankruptcy directly resulted from the fraud perpetrated by FTX and 3AC. BlockFi stated in its filing, “FTX seeks to recover on over $5 billion of claims filed against the BlockFi estates at the direct expense of the ultimate victims of FTX’s fraud: BlockFi’s clients and other legitimate creditors. To prevent further injustice to the creditors of BlockFi’s estates, the Court should disallow the FTX Claims under the doctrine of unclean hands.” FTX had also given $400 million to BlockFi in June 2022 in an attempt to remedy the situation. This was in addition to purchasing BlockFi equity pursuant to a loan agreement, the filing added. However, BlockFi has stated that this was not a standard loan agreement. Instead, the crypto lender has stated that it was an unsecured, 5-year term which was also well below market rates. It further added that repayments were not due until the firm would supposedly mature. BlockFi called FTX’s investment a gamble, one that BlockFi’s creditors should not be held liable for. BlockFi stated in its argument, “Just because FTX’s fraudulent actions caused FTX’s bet to fail does not mean BlockFi’s creditors are now somehow liable to refund the purchase price.” BlockFi Owes Billions To Creditors Several estimates have shown that BlockFi reportedly owes up to $10 billion to over 100,000 creditors. This figure includes $1 billion to three of its largest creditors and $220 million to bankrupt crypto hedge fund Three Arrows Capital. Three Arrows Capital’s creditors have reportedly expressed considerable frustration with the slow pace of bankruptcy proceedings. BlockFi has argued that Three Arrows Capital, like FTX, was not entitled to repayment and claimed that the crypto hedge fund used fraudulent means to borrow the funds. Three Arrows Capital had previously taken loans from BlockFi, on which it subsequently defaulted. This led to the foreclosure on the collateral, leading to what liquidators have described as a $220 million preferential payment to BlockFi. BlockFi’s creditors have also accused the company of ignoring several warnings and red flags when dealing with FTX and its sister concern Alameda Research, just months prior to the FTX collapse. The creditors claimed that the CEO of BlockFi ignored advice from BlockFi’s risk management team, which had stated that Alameda Research’s balance sheet primarily consisted of FTX’s own FTT token. However, the CEO dismissed such concerns and urged the risk management team to get comfortable with Alameda Research being a borrower similar to Three Arrows Capital. “As early as August 2021, BlockFi’s risk management team was advised that Alameda’s balance sheet was largely comprised of ‘~7bb unlocked FTT and 11bb total including locked tokens based on unaudited financials. This set off alarms at BlockFi. Mr. Prince dismissed the concerns, urging the risk team to learn to ‘get comfortable [with Alameda] being a three arrows size borrower, just with FTT and other collateral types instead of GBTC shares.” However, BlockFi’s creditors settled with the company last month on moving ahead with a repayment plan. BlockFi collapsed just weeks after FTX, filing for Chapter 11 bankruptcy on the 28th of November. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
194 days agocryptodaily
BlockFi Pushes Back On FTX And Three Arrows Capital Repayment
Bankrupt crypto lender BlockFi is reportedly trying to block attempts by FTX and Three Arrows Capital (also bankrupt) to retrieve millions of dollars to pay back their creditors. BlockFi has claimed that, by its estimates, legal battles with FTX and Three Arrows Capital could cost its customers up to $1 billion. BlockFi Looks To Stop FTX And 3AC Repayment BlockFi claimed in a 21st August filing at the New Jersey bankruptcy court that its own creditors must not be pushed to the back of the line because FTX’s creditors were harmed thanks to the exchange allegedly misappropriating the $5 billion that BlockFi had initially lent it. In an attempt to safeguard the interest of its creditors, BlockFi has stated it will actively look to block attempts by FTX and Three Arrows Capital to claw back billions to pay off their own creditors. The crypto lender argued that its bankruptcy directly resulted from the fraud perpetrated by FTX and 3AC. BlockFi stated in its filing, “FTX seeks to recover on over $5 billion of claims filed against the BlockFi estates at the direct expense of the ultimate victims of FTX’s fraud: BlockFi’s clients and other legitimate creditors. To prevent further injustice to the creditors of BlockFi’s estates, the Court should disallow the FTX Claims under the doctrine of unclean hands.” FTX had also given $400 million to BlockFi in June 2022 in an attempt to remedy the situation. This was in addition to purchasing BlockFi equity pursuant to a loan agreement, the filing added. However, BlockFi has stated that this was not a standard loan agreement. Instead, the crypto lender has stated that it was an unsecured, 5-year term which was also well below market rates. It further added that repayments were not due until the firm would supposedly mature. BlockFi called FTX’s investment a gamble, one that BlockFi’s creditors should not be held liable for. BlockFi stated in its argument, “Just because FTX’s fraudulent actions caused FTX’s bet to fail does not mean BlockFi’s creditors are now somehow liable to refund the purchase price.” BlockFi Owes Billions To Creditors Several estimates have shown that BlockFi reportedly owes up to $10 billion to over 100,000 creditors. This figure includes $1 billion to three of its largest creditors and $220 million to bankrupt crypto hedge fund Three Arrows Capital. Three Arrows Capital’s creditors have reportedly expressed considerable frustration with the slow pace of bankruptcy proceedings. BlockFi has argued that Three Arrows Capital, like FTX, was not entitled to repayment and claimed that the crypto hedge fund used fraudulent means to borrow the funds. Three Arrows Capital had previously taken loans from BlockFi, on which it subsequently defaulted. This led to the foreclosure on the collateral, leading to what liquidators have described as a $220 million preferential payment to BlockFi. BlockFi’s creditors have also accused the company of ignoring several warnings and red flags when dealing with FTX and its sister concern Alameda Research, just months prior to the FTX collapse. The creditors claimed that the CEO of BlockFi ignored advice from BlockFi’s risk management team, which had stated that Alameda Research’s balance sheet primarily consisted of FTX’s own FTT token. However, the CEO dismissed such concerns and urged the risk management team to get comfortable with Alameda Research being a borrower similar to Three Arrows Capital. “As early as August 2021, BlockFi’s risk management team was advised that Alameda’s balance sheet was largely comprised of ‘~7bb unlocked FTT and 11bb total including locked tokens based on unaudited financials. This set off alarms at BlockFi. Mr. Prince dismissed the concerns, urging the risk team to learn to ‘get comfortable [with Alameda] being a three arrows size borrower, just with FTT and other collateral types instead of GBTC shares.” However, BlockFi’s creditors settled with the company last month on moving ahead with a repayment plan. BlockFi collapsed just weeks after FTX, filing for Chapter 11 bankruptcy on the 28th of November. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
216 days agocryptodaily
FTX Exchange Might Relaunch, FTT Jumps in Value
Defunct crypto exchange FTX announced its plans for rebooting the platform and paying back its creditors; the FTT token reacted by a sudden 15% surge in price. The Restart of the FTX Offshore Exchange Will Depend on its Creditors On July 31, 2023, the bankrupt crypto exchange FTX Trading Ltd. filed a Draft Plan of Reorganization and a Term Sheet, confirming the rumors about a possible relaunch of the platform. According to the plan, FTX divided its claimants into different categories: FTX.com offshore exchange customers, referred to as “dotcom customers”; the U.S. exchange customers; customers of the non-fungible token (NFT) exchange; general unsecured claims; secured claims; and subordinated claims. The international “dotcom” users have the option to pool their assets and create a “rebooted” offshore FTX exchange, not available in the US. In this case, these customers are entitled to get a stake in the new platform instead of receiving a cash payout: “Rather than all cash, the Debtors may determine that the Offshore Exchange Company remit non-cash consideration to the Dotcom Customer Pool in the form of equity securities, tokens or other interests in the Offshore Exchange Company, or rights to invest in such equity securities, tokens or other interests.” The proposal stated that FTX administrators will use “the waterfall approach” to determine the priority of claims. This means that each class will receive a pro-rata payout from the pool of remaining assets after the payout to the preceding class is finished. What about FTT and its Holders? In response to the news, the FTX token jumped by about 15% reaching the mark of $1.55, even though it pulled back to $1.4 shortly after. However, the plan clarified that the FTT holders won’t receive any compensation for their losses as their claims are to be canceled and extinguished: “Claims by holders of FTT (whether or not held on any FTX exchange), preferred stock and equity investors in the Debtors and related claims. All these claims and interests will be canceled and extinguished as of the Effective Date and holders will not receive any distribution.” Moreover, there are rumors that the FTX token will be eliminated altogether, and the claimants will receive their payout in USD as of the date of bankruptcy. It’s also worth mentioning that FTT was previously labeled an unregistered security by the US Securities and Exchange Commission (SEC). The FTX Drama Continues The defunct exchange still struggles to deal with other consequences of its sudden fall in November, 2022. Earlier today, it has been announced that FTX almost reached a resolution in its dispute with another bankrupt crypto company Genesis. Meanwhile, ex-CEO of FTX Sam Bankman-Fried is still facing seven charges related to wire fraud, securities fraud, and money laundering, partly for misappropriating the FTX customer funds. As of recent developments, Bankman-Fried agreed to a gag order while waiting for an update on his bail status. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
216 days agocryptopotato
FTX Reboot Proposal Presented as Part of Reorganization Efforts, FTT Jumped 10% Overnight
The re-booted exchange would only cater to the offshore customers and not US investors.
221 day agonulltx
FTX (FTT) looking to relaunch its Crypto Exchange, but investors are focused on this new AI Crypto
As cryptocurrency gains more mainstream adoption, there’s increasing need for more accessibility and real-world applications. However, while FTX looks to relaunch its crypto exchange, many investors seem more focused on a new AI crypto known as Avorak AI. What happened to FTX? FTX faced a series of unfortunate events that led to its eventual liquidation […]

About FTX Token?

The live price of FTX Token (FTT) today is 2.1204 USD, and with the current circulating supply of FTX Token at 328,895,103.81 FTT, its market capitalization stands at 697,382,360 USD. In the last 24 hours FTT price has moved ? USD or 0.00% while ? USD worth of FTT has been traded on various exchanges. The current valuation of FTT puts it at #125 in cryptocurrency rankings based on market capitalization.

Learn more about the FTX Token blockchain network and how it works or follow the price of its native cryptocurrency FTT and the broader market with our unique COIN360 cryptocurrency heatmap.

FTX Token (FTT) is the native token of the FTX cryptocurrency derivatives and spot exchange that allows token holders to avail a host of benefits while using the platform. As of writing, FTT has been issued on three major blockchains – Ethereum, BNB Chain and Solana. 

The token was launched in May 2019 by Sam Bankman-Fried and Gary Wang, and is issued by the FTX exchange. Sam Bankman-Fried is a well-known public personality owing to his multibillion-dollar portfolio and association with the Centre for Effective Altruism. An MIT graduate, Sam also founded and owns Alameda Research, a popular trading firm and one of the largest liquidity providers in the crypto industry that actively backs FTX. Gary Wang too is an MIT-alumni, besides being an accomplished software engineer.

FTX exchange is said to have been built by traders who understand the needs of the trading community. It claims to provide multiple innovative products including leveraged tokens, volatility products, options, futures and industry-first derivatives and is among the biggest buyers of traditional advertising spaces from within the crypto space.

FTT price

The FTT coin hit the ground running and quickly appreciated in value post its May 2019 launch. It rapidly breached $1 and broke out of the $2 resistance for good by late December 2019. Thereafter, it remained range bound within $2 to $3 till August of 2021, before making a gradual ascent towards $4 and subsequently $5 resistance levels by the year-end. It successfully crossed the $5 mark by late December 2020, and closed the year at $5.75 per token. 

However, the transformational FTT price surge was reserved for 2021, when catapulted by market-wide bullish forces, FTT coin rallied from $5.75 at the start of the year to reach $63 by May 10, 2021. Although it soon retraced to around $25 within the next two weeks, it never returned to its pre-2021 levels post that. After fluctuating between $25 and $35 for the next two months, FTT price in USD terms staged another rally starting in August 2021, marking the beginning of 2021’s second crypto bull run. This time the FTT price rose even higher and registered its all-time high of nearly $86 on Sept. 9, 2021, taking FTT’s fully diluted valuation well over $28 billion.

As per our FTT live price chart, a price correction followed and the coin closed 2021 at nearly $40. Staying firm despite plenty of bearish pressure, FTT price remained mostly above $40 till May 2022, but eventually gave in to bearish forces and has since receded to around $30 by Q3, 2022.

How FTT works

FTT tokens constitute the backbone of the FTX ecosystem. It’s a deflationary token that will be continuously burned until its maximum supply is reduced by half. One-third of all the fees collected on the FTX exchange are used for the repurchase of FTT from the market, which is then burnt and removed from the circulating supply. Around 20 million tokens have already been burnt this way, with FTT’s maximum supply down from 350 million to almost 330 million, as of writing.

Holding FTT tokens can earn you an FTX trading fee discount of up to 60%, and up to 0.02% on OTC services. It also qualifies you for weekly airdrops of Serum (SRM) tokens. High Rollers also get a chance to qualify as VIP traders who enjoy additional benefits including prioritized order executions. However, please note, the tokens must be held on the FTX exchange or OTC portal to avail the trading fee or OTC discounts, respectively. One can’t enjoy both the benefits with the same set of tokens.

FTT tokens can be staked too, to earn returns in the form of referral rewards of up to 40%, and increased airdrops of other tokens by up to 14%. FTT stakers enjoy up to 1,000 free daily withdrawals of ETH/ERC20 tokens (blockchain fee waiver) and can get up to 6 tickets to IEOs held on FTX as well. Maker fee rebates and up to 50 bonus votes for FTX polls are also up for grabs.

As FTT are issued on Ethereum, Solana and BNB Chain, they are secured by their respective blockchain networks.

FTT news, updates and highlights

According to a Financial Times story from April 2022, Goldman Sachs, a well-known Wall Street giant is reportedly seeking an alliance with FTX exchange, in an effort to take a stake in the latter. David Solomon, CEO, Goldman Sachs and Sam Bankman-Fried, Founder, FTX discussed multiple matters in a closed-door meeting in March, to figure out ways in which both companies could work together. FTX is reportedly seeking help regarding regulatory compliance in the US, particularly with the Commodity Futures Trading Commission (CFTC). Goldman Sachs also offered public listing assistance to the crypto exchange.

Thereafter in June 2022, the FTT DAO, an independent, community-driven decentralized autonomous organization (DAO) set up by the fans, friends and followers of the FTX token successfully raised $7 million for a fund that will reportedly benefit community-led projects in the crypto education and DeFi domains.

Frequently asked questions about FTT

  • Can you mine or stake FTT?

While it’s not possible to mine FTT tokens, you can stake them for multiple staking rewards and hold them for discounts across the FTX ecosystem.

  • What are some of the best FTT wallets?

Since FTT is issued on multiple blockchains, your choice of FTT wallet will depend on the network your token was issued on. That said, some of the best FTT wallets are: the native FTX wallet, MetaMask, Ledger, imToken and Freewallet.

  • What can you do with FTT?

FTT can be used to avail various benefits and discounts on the FTX exchange.

  • How to buy FTT?

The ideal way to buy FTT is directly on the FTX exchange, or through other exchange portals using fiat currency, or crypto coins like ETH, BTC, USDT, USDC and SOL

FTX Token Price2.1204 USD
Market Rank#125
Market Cap697,382,360 USD
24h Volume34,411,215 USD
Circulating Supply328,895,103.81 FTT
Max Supply352,170,015 FTT
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