Peek At FTT Coin’s Performance After Binance’s FTX Acquisition Information. FTT Coin or FTX token is the original cryptocurrency token of the FTX crypto derivatives trading platform which was launched on May 8, 2019.
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The team at FTX is made up of some of the biggest crypto traders over the past few years, after finding problems with most mainstream crypto futures exchanges, decided to announce their own platform.
Reporting from Coinmarketcap, in terms of prevention, a large number of customer funds on other derivative exchanges have been claimed by losses that are made public. FTX mitigates this by using a three-tier liquidation model.
Another feature of FTT is the leverage token, which supports traders to place leveraged positions without the need to trade on margin.
Peek At FTT Coin’s Performance After Binance’s FTX Acquisition Information. Not long ago, the FTX token was in the spotlight as crypto exchange Binance liquidated all of its FTX token reserves as a result. This is exacerbated by information that Binance will acquire a non-US based FTX company.
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As a result of this, the coin traded for around USD 22 or around IDR 344,000 on Monday (7/11/2022) now sinking below USD 5.00 or around IDR 78,189 on Tuesday. The following is the performance of FTT Coin today.
Based on data from Coinmarketcap, Wednesday (11/9/2022) the price of FTT Coin is IDR 79,607 with a 24-hour trading volume of around IDR 52.8 trillion. FTT Coin is down 71.86 percent in the last 24 hours.
Meanwhile, Coinmarketcap’s current rating is 58, down from the previous 27 FTT Coin, which has a market capitalization of around IDR 44.3 trillion. Until now, there has been a supply circulation of 133 million FTT Coin from 352.1 million FTT Coin.
