FTX Token (FTT) is currently priced at $0.8239**, with a **24-hour trading volume of $10.84 million. The circulating supply is 328.9 million FTT, matching its maximum supply cap. Over the past day, FTT's price remained stable (+0.00% change).
What Is FTX Token (FTT)?
FTT serves as the native cryptocurrency of the FTX derivatives exchange, which specializes in:
- Crypto futures and leveraged tokens
- Over-the-counter (OTC) trading services
- Institutional-grade derivatives solutions
Launched to address systemic flaws in traditional futures platforms, FTX enhances market efficiency through innovative clearing mechanisms and a unified stablecoin collateral system.
Historical Background of FTX
Key Milestones:
| Year | Event |
|---|---|
| 2019 | FTX exchange launched (April) |
| 2019 | FTT token private sale (July) |
| 2020 | Introduction of election-based binary options |
Backed by Alameda Research (processing $600M–$1B daily trades), FTX pioneered:
- Three-tier liquidation strategy to prevent socialized losses
- Leveraged tokens simulating spot-market exposure (-3x to +3x)
- OTC desk handling $30M daily fee-free transactions
How FTX Token Works
Core Mechanisms
- Fee Discounts: Tiered savings based on FTT holdings
- Buyback & Burn: 33% of trading fees allocated to monthly token burns (target: 50% supply reduction)
- Staking Rewards: Holders earn rebates and platform incentives
Technical Infrastructure
- Collateral centralized in stablecoin wallets (mirroring traditional futures)
- No "socialized loss" model—losses covered via insurance funds
Use Cases for FTT Token
- Trading Fee Reductions: Pay fees in FTT for lower costs
- Governance: Future voting rights on platform upgrades
- Liquidity Mining: Earn yields through staking programs
👉 Explore FTX Token's latest metrics
FAQ
Q: What’s the max supply of FTT?
A: 328.9 million tokens (fully circulating).
Q: How does FTX prevent trader bankruptcies?
A: Through insurance funds and limit-order liquidations.
Q: Can US users access FTX services?
A: FTX.US offers limited products due to regulatory restrictions.
Q: What percentage of fees go to token burns?
A: 33% of trading fees + 10% net margin income.
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