FTX has repurchased and burned more than 5 million platform coins, FTT, about 15.6 million USD

The cryptocurrency derivatives exchange FTX announced that it has repurchased and destroyed more than 5 million platform coins FTT (approximately $15.6 million). According to the FTT white paper, the frequency of FTT repurchase destruction is weekly, and part of the destruction comes from 33% of the handling fee collected by FTX. As an FTX trading platform currency, FTT can be used as a contract margin, and FTT holders can enjoy a discount of up to 60% of the transaction fee. At present, FTT has also launched Binance, BitMax, CoinEx, Huobi, WazirX and Bitfinex exchanges.