Crypto Guide

Exchanges delist FTX Token pairs from buying and selling platforms

Because the FTX collapse continues to trigger turmoil within the crypto business, numerous crypto exchanges have delisted the FTX Token (FTT) from their platforms.

In an announcement, crypto change Binance highlighted that they’ve eliminated the FTT/BTC, FTT/BNB, FTT/ETH and FTT/USDT buying and selling pairs from their platform, saying that the pairs will cross their latest opinions. I failed. Nonetheless, the change famous that the FTT/BUSD pair remains to be out there on its change.

The choice follows requests from group members to take away the token. In a tweet, the influential Cevo to plead Binance CEO Changpeng Zhao will instantly take motion in opposition to FTT, suggesting delisting the whole lot associated to FTX to guard the change’s clients.

Along with Binance, BitMEX has eliminated perpetual swap contracts tied to FTT. This contains its FTT/USD and FTT/USDT pairs. The change cited discount in spot buying and selling of the pairs as the rationale for the delisting. Like BitMEX, KuCoin has additionally delisted its FTT/USDT perpetual contracts on KuCoin Futures.

In the meantime, GIPMEX additionally announced That they are going to take away FTT on November 22, 2022, however depart withdrawals open till February 14, 2023.

associated: FTX collapse may see layoffs speed up in crypto sector

Days after the beginning of the FTX disaster, its former CEO Sam Bankman-Fried tweeted numerous cryptic messages, attracting wild theories and hypothesis throughout the crypto group. Some theorized that the tweets could possibly be an act by Bankman-Fried to probably defend herself by claiming madness if she is ever taken to courtroom.

After the FTX fraud got here to gentle, an interview with Bankman-Fried within the New York Instances drew criticism from crypto Twitter for defending the previous FTX CEO’s actions. Many criticized mainstream media shops for trying to alter the narrative round his alleged monetary crimes.