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What is FTT and how does it relate to Binance?

avatarRobert L LewisDec 16, 2021 · 3 years ago3 answers

Can you explain what FTT is and how it is connected to Binance? I've heard about FTT but I'm not sure what it is and how it relates to Binance.

What is FTT and how does it relate to Binance?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    FTT is the native cryptocurrency of the FTX exchange, which is a cryptocurrency derivatives platform. FTT stands for FTX Token and it is used for various purposes within the FTX ecosystem. FTX is known for its innovative products and features, and FTT plays a central role in the platform's operations. As for its connection to Binance, Binance is an investor in FTX and has a strategic partnership with the exchange. This partnership allows users to trade FTT on Binance and provides additional liquidity to the FTT market.
  • avatarDec 16, 2021 · 3 years ago
    FTT is a cryptocurrency that was created by FTX, a popular cryptocurrency exchange. It serves as the native token of the FTX platform and has various use cases within the ecosystem. In terms of its relationship with Binance, Binance has invested in FTX and the two exchanges have formed a strategic partnership. This partnership enables users to trade FTT on Binance and provides more opportunities for FTT holders.
  • avatarDec 16, 2021 · 3 years ago
    FTT is the native cryptocurrency of the FTX exchange, a leading cryptocurrency derivatives platform. It is used for various purposes such as paying for trading fees, participating in token sales, and accessing premium features on the FTX platform. In relation to Binance, FTT is listed and tradable on Binance. This means that users can buy, sell, and trade FTT on Binance, providing them with more options and liquidity for their FTT holdings. Please note that this answer is provided from a third-party perspective and does not represent the views of BYDFi.