FTX Token
Rank 37$3.0451
1H
-0.04%$-0.0012
24H
1.22%$0.0367
7D
6.37%$0.1824
Market cap $287.3 M Volume 24H $3.1 M Circ. supply 94.3 M
FTX is owned by FTX Trading LTD, a company incorporated in Antigua and Barbuda. FTX was incubated by Alameda Research, a cryptocurrency liquidity provider. FTX’s leveraged tokens aim to provide a clean, automated way for users to get leverage. FTT is the FTX ecosystem utility token. Holders of FTT reportedly receive benefits such as:
- Weekly buying and burning of fees
- Lower FTX trading fees
- OTC rebates
- Collateral for futures trading
- Socialized gains from the insurance fund
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