The transfer comes ten months after Binance eliminated FTX’s token from its platform, aside from the FTT/BUSD buying and selling pair.
Cryptocurrency alternate Binance will re-open FTX’s token FTT for trades on Sept. 22, 2023 (08:00 UTC).
Based on a press launch on Sept. 21, the token will likely be out there for buying and selling within the FTT/USDT pair. Binance didn’t clarify the rationale behind the transfer however famous that it might additionally take away the FTT/BUSD buying and selling pair.
Along with FTT, the alternate will record the next pairs: ARK/USDT, CREAM/USDT, GFT/USDT, IQ/USDT and USDT/VAI for spot buying and selling.
On Sept. 29, 2023, (03:00 UTC), Binance can even take away and stop buying and selling on the ARK/BUSD, CREAM/BUSD, GFT/BUSD, IQ/BUSD, and BUSD/VAI buying and selling pairs.
Amid the information, FTT value gained 8%, reaching the $1.1 mark, in keeping with information from CoinMarketCap. Nonetheless, the token dropped to $1.06 shortly after. As of press time, FTT is buying and selling at $1.03, whereas its market capitalization stands at round $338.8 million.
Binance ceased buying and selling with FTT-related pairs on Nov. 15, 2022 amid the unfolding drama associated to the now-bankrupt crypto alternate FTX.
In that very same month, Binance founder Changpeng Zhao mentioned on X that he had determined to promote all the alternate’s reserves in FTT tokens, value about $529 million.