Cryptocurrency

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 <a href="https://www.binance.com/en/support/announcement/notice-of-addition-removal-of-trading-pairs-2023-09-22-fe93095a80944d31b42fa7eb2afdb12c" target="_blank" rel="noreferrer noopener">press release</a> 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. 
 You might also like: <a href="https://crypto.news/sbfs-father-was-unhappy-with-200k-salary-at-ftx/"> SBF’s father was unhappy with $200k salary at FTX </a> 
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. 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="542" src="https://crypto.news/app/uploads/2023/09/bpiuhfishdf-1024x542.png" alt="FTT price jumps 8% as Binance announces FTT/USDT trading pair - 3" class="wp-image-14196998">
 <figcaption class="wp-element-caption">
 FTT price on CoinMarketCap | Source: CoinMarketCap
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Amid the news, FTT price gained 8%, reaching the $1.1 mark, according to <a href="https://coinmarketcap.com/currencies/ftx-token/" target="_blank" rel="noreferrer noopener">data</a> 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 <a href="https://crypto.news/binance-to-remove-ftt-as-a-trading-pair-except-ftt-busd/" target="_blank" rel="noreferrer noopener">ceased</a> 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. 
 Read more: <a href="https://crypto.news/stanford-university-to-return-millions-received-from-ftx/"> Stanford University to return millions received from FTX </a>

FTT price jumps 8% as Binance announces FTT/USDT trading pair

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