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1 year ago

Binance Scraps FTT-USDT Trading Pair From Both Spot and Perpetual Contracts

George Georgiev Nov 16, 2022 09:21
The world's leading exchange has abandoned the FTT/USDT trading pair on both spot and perpetual contracts.

Binance, the world’s leading cryptocurrency exchange, has halted trading for the FTT/USDT trading pair following the FTX fallout.

The exchange has also removed FTT from its derivatives platform.

  • The move hasn’t been officially announced, but a search on the Binance exchange reveals no results for the FTT/USDT trading pair.
  • The same is true for the Perpetual Contracts on Binance Futures.
  • However, it’s worth noting that the FTT/BUSD trading pair is still active, albeit with clear warnings and disclosures that the pair is particularly volatile and users should exercise maximum caution.
  • It’s also interesting that despite the ongoing fiasco, traders remain interested in FTT. At the time of this writing, the pair has a 24-hour volume of over 74 million BUSD.
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George Georgiev

Georgi Georgiev is CryptoPotato's editor-in-chief and seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn