The crypto market data platform from the Future Fintech Group is not a new one, and as such, there are tons of dominant players in the space already.
FTFT Capital Investments LLC, a subsidiary of the blockchain-based e-commerce company and a service provider for financial technology, Future Fintech Group Inc (NASDAQ: FTFT) has launched a new crypto markets price aggregator, ftftx.com, citing the need to help investors keep a real-time record of prices and related data.
“We believe that efficiency, security, and reliable market data are essential for cryptocurrency investors around the globe. With this in mind, we set out to provide an investor-oriented, results-driven platform that would help investors to maximize returns on their cryptocurrency investments. By offering robust, secure, and real-time market information, we believe that FTFTX delivers a reliable global platform with aggregated real-time market information that gives participants a superior user experience,” said Ola Lind, Director of FTFT Capital and FTFTX.
As announced by the company, the platform was officially launched at the Global Distributed Cloud Storage Summit – DCS 2021, held on December 15-17, at the Abu Dhabi National Exhibitions Centre, and can be accessed for free either via the market tracker’s website or through FTFT’s mobile application on iOS and Android devices.
A glance at the FTFTX platform shows a detailed data aggregation interface in which numerous cryptocurrencies are being tracked. Data on Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Binance Coin (BNB), and Terra (LUNA) are a few of the hundreds of digital currencies being tracked. According to FTFT, the data compiled by the new market tracker was drawn from hundreds of exchanges where digital currencies are traded. The data is notably available to both retail and institutional investors 24 hours a day, and round the clock.
With the launch of the crypto market data platform, FTFT hopes to expand its footprint in data provisions for the industry alike.
“The launch of the FTFTX cryptocurrency and market data platform is a landmark event in the history of the Company. We believe that FTFT Capital in Dubai will be a market leader in the market data and information services sector for cryptocurrency trading and investment as well as in the field of innovative financial services. As we begin the New Year, FTFT continues to pursue the goal of becoming one of the world’s most active and influential digital currency and crypto asset trading and management services providers,” Mr. Shanchun Huang, Chief Executive Officer of Future FinTech
Future Fintech Data Platform and the Inherent Competition
The crypto market data platform from the Future Fintech Group is not a new one, and as such, there are tons of dominant players in the space already. Binance exchange-owned Coinmarketcap remains one of the most popular destinations for retail investors looking to track their favorite cryptocurrencies. Coingecko, Coinpaprika are also amongst the prominent players in the crypto data aggregation field.
Beyond these platforms, there are outfits that track unique market data such as DeFiPulse and DeFiLlama that are both dedicated to tracking events in the decentralized finance (DeFi) ecosystem respectively. While there is so much work to be done in the space, and the advent of FTFTX is billed to contribute visible growth on all fronts, the platform will have to compete with these existing players to gain its own projected traction.