FTC token listed on the Bitfinex trading platform on August nineteenth, 2019, at 10 o’clock UTC zone and started trading with the US dollar on the same day. FTT is the native token of the FXT exchange that allows trading only in certain jurisdictions and available only to verified users. Pairing with the US dollar makes this pair a major pair that traders can access on this platform and exchange the currencies. This pair allows trading only in certain countries; therefore, not all traders can access the money and use it.
The popularity of this pair is low since not everyone can use the FTT currency due to jurisdiction restrictions and the verification methods involved. Users in the United States of America cannot transact on the pair due to the FTT’s unavailability. The trading volume for this pair stands at 1631 FTT, which is equivalent to 5085 US dollars. One FTT is equal to three dollars; traders can purchase the FTT coins using the dollars and can also convert them to dollars and use in transactions.
The cryptocurrency performs well when traded alone compared to when pairing with the dollar on the platform. Users who utilize this pair include those that use margin to sell on the site; the site added margin trading to allow traders with low funds to borrow up to 30 percent to invest. This margin feature enables them to increase the leverage that offers them the potential to make more profits than traditional trading. The feature makes trading with this pair risky due to the volatility of the assets that make up this pair.
This site offers low exchange rates, attracting investors and new users to the platform to Tarde in the pair to make a profit. The couple attracts all types of users that prefer using debt to Tarde when they have low funds hence popular among these people.