What are FTT tokens and how do they work?

By having FTT tokens in your possession, you get to enjoy lower trading fees and access a slew of perks on the FTX exchange. You can also use your tokens as collateral to trade derivatives. Previously, the crypto space took notice of FTX because its value soared within a short period of time.

What is FTT coin?

The FTT coin is an ERC-20 standard token which was released in July 2019. The maximum supply is capped at 350 million, with 138.76 million currently in circulation at $36.28, for a market capitalisation of $5.03bn. The FTT coin is listed at number 34 on the cryptocurrency market cap charts. So what is FTX Token coin used for?

What is FTT (FTX)?

FTT is among the many innovative products found on the FTX exchange, and it may as well be the most important. Like other popular instruments, such as Bitcoin, FTT holds value, can be traded and is used to carry out financial transactions. Sometimes, experts also refer to FTT as “one of the ERC20 tokens .”

Is FTX one of the best crypto derivatives exchanges?

According to the whitepaper summary, FTX wants to be one of the best crypto derivatives exchanges. Furthermore, FTX is backed by Alameda Research, a ~$100 million AUM (assets under management) quantitative cryptocurrency trading firm.