Why is FTT Price Up By 38%, Is the Binance Drama Benefitting FTX Token?

2023-11-22 14:30

The price of FTX Token (FTT) has spiked 36% over the last 24 hours to $34.17, likely fueled by drama around rival exchange Binance.

FTT is the native token of the FTX cryptocurrency derivatives exchange. Despite FTX filing for bankruptcy on November 11, 2022, the FTT price is rallying.

Santiment speculates this upside momentum comes from traders swapping their Binance Coin (BNB) for FTT after regulatory troubles mounted for Binance last week. With Binance ceasing US operations, some funds appear to be rotating into FTX Token.

Over the past 24 hours, FTT has seen $285 million in trading volume – a 338.68% surge. This heavy trading activity indicates strong interest in FTT and is likely driving the price higher.

Though FTX collapsed in spectacular fashion just weeks ago, the troubles of dominant industry player Binance seem to be reviving interest among traders for smaller exchanges like FTX.

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With market leader Binance on the backfoot, traders could be betting on platforms like FTX gaining market share in the coming months despite its bankruptcy filing. For now, the momentum in the FTT price suggests the token remains actively traded as Binance uncertainty shakes up the crypto exchange landscape.

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The post Why is FTT Price Up By 38%, Is the Binance Drama Benefitting FTX Token? appeared first on CaptainAltcoin.

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ftx ftt token drama exchange binance price

Источник: captainaltcoin.com

ftx ftt → Результатов: 126


Новости по FTX: Бэнкман-Фрид чилит на расслабоне, биржи делистят FTT, Багамы расследуют инцидент

История с обанкротившейся биржей FTX продолжает волновать умы криптанов, а мы продолжаем знакомиться вас с основными событиями, связанными с этим крахом. Бывший руководитель FTX Сэм Бэнкман-Фрид дал интервью New York Times, где рассказал что ситуация могла бы сложиться еще хуже (куда хуже-то?), FTT начали делистить крупные биржи, а на Багамских островах продолжили шить дело.

2022-11-16 22:01


Фото:

FTX is integrating FTX Pay into Reddit’s Community Points, how will this impact FTT price?

FTX (FTT/USD) is a crypto derivatives exchange that allows users to buy and sell a wide range of cryptocurrencies with low fees and leverage up to 20x. FTX utilizes FTT,  the native cryptocurrency token that is a part of the exchange, and it is utilized for the reduction of trading fees and can serve as […] The post FTX is integrating FTX Pay into Reddit’s Community Points, how will this impact FTT price? appeared first on Invezz.

2022-8-11 12:23


Solana, FTT, MATIC, FTM вышли из нисходящего тренда

Криптотрейдер Скотт Мелкер опубликовал на YouTube новый ролик, в котором сообщил, что Solana, FTX Token и два других криптоактива выходят из нисходящей тенденции. Мелкер считает, что платформа смарт-контрактов Solana (SOL) готова вернуться к своему историческому максимуму после выхода из рыночного спада.

2021-10-4 11:46


Фото:

Why buy FTX Token after its partnership with LedgerX and what we can expect in September

FTX FTT/USD is a crypto derivatives exchange where users can buy a wide variety of cryptocurrencies and sell them and gain access to index futures with low fees and up to 101x leverage. The FTX Token (FTT) is the utility token on the exchange which is used to reduce trading fees or serve as collateral […] The post Why buy FTX Token after its partnership with LedgerX and what we can expect in September appeared first on Invezz.

2021-9-3 17:58


Фото:

The FTX Token, Huobi Token and Crypto.com Coin have all seen growth, but is it the right time to invest in them? Let’s find out.

The prices of the FTX Token FTT/USD, The Huobi Token HT/USD and Crypto. com Coin CRO/USD have seen a steady increase within the last 24 hours with no signs of stopping. Ever since Bitcoin briefly topped $40,000 after six weeks, investors have really hopped back into the cryptocurrency exchanges to make the most out of their […] The post The FTX Token, Huobi Token and Crypto.

2021-7-30 23:59


Криптотрейдер выделил три альткоина с потенциалом огромного роста

Популярный трейдер, известный в отрасли как Флад (Flood), считает, что три альткоина принесут своим инвесторам огромную прибыль. Аналитик сообщил своим 146 000 последователям, что им следует присмотреть к криптоактивам FTX Token (FTT), Solana (SOL) и Nerve Finance (NRV).

2021-5-30 14:17


Биржа деривативов FTX выбрала Coinbase для хранения токенов на $270 млн

Биржа криптовалютных деривативов FTX выбрала кастодиальное подразделение Coinbase для хранения собственных токенов FTT. Coinbase Custody International is excited to have been selected by FTX as their primary 3rd party custodian, including the storage of their $FTT exchange token.

2020-5-23 14:47


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