FTT Misery Worsens as These Leading Exchanges Delist Cryptocurrency

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Last Updated on November 15, 2022 by Bitfinsider

FTT, FTX’s native coin, continues to suffer enormous losses as its condition deteriorates.

According to tracking by Coingecko at the time of writing, the price of the cryptocurrency is at $1.70.

In a matter of seven days, the value of the cryptocurrency has decreased by 92.3%, while in the past 30 days, it has decreased by about 93%.

The market capitalization of the cryptocurrency is currently at $223.98 million. In addition, there is a red-highlighted notification above its name on the crypto data tracking website Coingecko.

Following a sequence of terrible events that ended in the massive collapse of the crypto asset, prominent exchange platforms Binance and KuCoin announced their intentions to remove trading pairs for the asset.

KuCoin, a Seychelles-based cryptocurrency exchange created in 2017, announced via Twitter on November 14 that its FTT/USDT perpetual contract will no longer be accessible.

Binance also announced on Twitter that, beginning November 15, it will delist the trading pairings FTT/BNB, FTT/BTC, FTT/ETH, and FTT/USDT.

Kraken, a U.S.-based cryptocurrency trading platform, has not taken similar moves but has disclosed that, after cooperating with the authorities, it has frozen the accounts of FTX Group and Alameda Research.

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