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The move comes ten months after Binance removed FTX’s token from its platform, except for the $FTT/$BUSD trading pair.
Cryptocurrency exchange Binance will re-open FTX’s token $FTT for trades on Sept. 22, 2023 (08:00 UTC).
According to a press release on Sept. 21, the token will be available for trading in the $FTT/$USDT pair. Binance didn’t explain the reason behind the move but noted that it would also remove the $FTT/$BUSD trading pair.
In addition to $FTT, the exchange will list the following pairs: ARK/$USDT, CREAM/$USDT, GFT/$USDT, IQ/$USDT and $USDT/VAI for spot trading.
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On Sept. 29, 2023, (03:00 UTC), Binance will also remove and cease trading on the ARK/$BUSD, CREAM/$BUSD, GFT/$BUSD, IQ/$BUSD, and $BUSD/VAI trading pairs.
$FTT price jumps 8% as Binance announces $FTT/$USDT trading pair - 1"> Amid the news, $FTT price gained 8%, reaching the $1.1 mark, according to data from CoinMarketCap. However, the token dropped to $1.06 shortly after. As of press time, $FTT is trading at $1.03, while its market capitalization stands at around $338.8 million.
Binance ceased trading with $FTT-related pairs on Nov. 15, 2022 amid the unfolding drama related to the now-bankrupt crypto exchange FTX.
In that same month, Binance founder Changpeng Zhao said on X that he had decided to sell all of the exchange’s reserves in $FTT tokens, worth about $529 million.
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