Why does FTT tokens is still being traded on exchange?

[Cointxz]

I mean what’s the sense of holding FTT tokens while the exchange itself is already bankrupt and using FTT token for liquidation of their asset that they use for refund?



Even coinmarketcap already have a notification about this token being no use. I still saw many people keep trading this token on exchange.

I can’t comprehend the level of foolishness of people that still holding this token.

[bettercrypto]

Maybe because there are still many people who hope that the price will still go up somehow, and the money they buy there, I think they can afford to lose even if it doesn't give them a profit in the future. Because there are still those investors who really rely on luck.

It could also be that they are basing the liquidity pool on the daily volume of Ftt, because it seems like I have seen many like that even though they have problems,
there are still those who really hope to get a profit in the future.

[Sanitough]

The exchange will keep that trading because they benefit from it. If there are no orders from regulators to delist it, they won’t take any action. As traders, we should be aware of the tokens we trade to avoid getting stuck with the wrong ones. Although the exchange sees it as unethical, but if its not illegal, they will not remove it because their goal is revenue.

[fikrett]

The exchange will keep that trading because they benefit from it. If there are no orders from regulators to delist it, they won’t take any action. As traders, we should be aware of the tokens we trade to avoid getting stuck with the wrong ones. Although the exchange sees it as unethical, but if its not illegal, they will not remove it because their goal is revenue.

Agreed through an through.

After all, the question for them is profit, be it dip or upward movement.

[Cointxz]

Maybe because there are still many people who hope that the price will still go up somehow, and the money they buy there, I think they can afford to lose even if it doesn't give them a profit in the future. Because there are still those investors who really rely on luck.

It could also be that they are basing the liquidity pool on the daily volume of Ftt, because it seems like I have seen many like that even though they have problems,
there are still those who really hope to get a profit in the future.

I understand if the project has a problem but not being bankrupt since their services is already halted while there’s no means for them to revive the project since their focus is now for the refund of affected user.

They can always start fresh with new exchange instead of reviving exchange like this that already cause a lot of negativity to users.

User can just use the money to purchase Bitcoin and other valuable altcoin instead of buying this dead project. Maybe buy back if there’s already a plan for recovery on this exchange.

[Japinat]

This appears to be more about trading than investing, though I'm not entirely sure why the volume remains so high - over $1 million on Binance.

When you visit the exchange, you're greeted with this warning:

"Risk Warning: This project will likely have higher volatility and/or higher risks than other listed tokens. DYOR."

Additionally, checking CoinMarketCap shows this notice:

"The FTX bankruptcy proceedings are underway. The FTT token no longer has any utility and may be liquidated by the estate to pay creditors. Please proceed with caution."

I think these warnings should be enough to alert traders that this is clearly a high-risk asset. You've got multiple red flags - the exchange's volatility warning, the explicit 'DYOR' disclaimer, plus CMC's notice about the FTX bankruptcy and potential token liquidation. At this point, anyone still trading this is doing so with full awareness of the risks.

[Mia Chloe]

The exchange will keep that trading because they benefit from it. If there are no orders from regulators to delist it, they won’t take any action. As traders, we should be aware of the tokens we trade to avoid getting stuck with the wrong ones. Although the exchange sees it as unethical, but if its not illegal, they will not remove it because their goal is revenue.

Exactly. Exchanges try as much as possible to stay within governmental rules and restrictions while still maximising the profit they make from tokens like this. They won't consider delisting it except they end up losing more than they speculated. Besides that these are one of the easiest ones for them to manipulate.

It's obviously the same reason why you see that exchanges don't approve some of tokens when they launch until they've gained enough hype and they have been able to properly account for and also confirm their liquidity.

[ultrloa]

I mean what’s the sense of holding FTT tokens while the exchange itself is already bankrupt and using FTT token for liquidation of their asset that they use for refund?



Even coinmarketcap already have a notification about this token being no use. I still saw many people keep trading this token on exchange.

I can’t comprehend the level of foolishness of people that still holding this token.

Maybe because of this reason.


They still have decent volume.

Exchange where this coin listed see that there are still people trading it.

Then last they don't give a fuck on those negative news goin or happened with this token. What's important with them is to get profits from people continue to trade this coin.

So we can expect them to exist as long as they got volume in the market. But if they start to decline more and their volume drop so bad then maybe that time those exchange might think about to delist FTT on their exchange.

[Cryptohygenic]

Maybe because there are still many people who hope that the price will still go up somehow, and the money they buy there, I think they can afford to lose even if it doesn't give them a profit in the future.

Could be.
After all some farmers and holders of the meme coins which lather on looses it values, turns to dust and got delisted in the exchange and forgotten in a very long time sometimes revives back to the market after rebranded and then gains good values.
Then those who think the coin has become valueless and do away forgetting everything about their holding of the coin runs helter skelter in search of how to get access to their bullshit coins again while those that kept it hopefully in the future may rejoice it at last.
I think it is just related scenario.

[TastyChillySauce00]

It's now falling under shitcoin category, people are speculating on it because its still got trading volume and price is volatile. but it's shitcoin nonetheless.

I guess exchange still listing it because people are still trading it.

Remember, people are trading fart coin, they definitely gonna be trading coin like FTT with its extensive history of massive crypto collapse that triggered previous bear cycle .

[MAAManda]

I can’t comprehend the level of foolishness of people that still holding this token.

It's hope that makes them like that, there are many holders out there who have a large amount of FTX Token (FTT) & they hope that the token price can at least be at a higher level before they execute their token sale. It would be ok if only FTX was still listing the token, what confuses me is that there are still many reputable CEXs still listing them despite FTX having already declared bankruptcy.

[passwordnow]

Despite that the bankruptcy proceedings of FTX is on going. The FTT token is listed on many exchanges and that's why it's still traded and there's volume remaining on it. That's the reason why it's still breathing and volume are keeping up because of the big exchanges where it is listed namely;
- Binance
- Bybit
- Bitget
- Kucoin
- HTX
and many more.

[Iranus]

It's hope that makes them like that, there are many holders out there who have a large amount of FTX Token (FTT) & they hope that the token price can at least be at a higher level before they execute their token sale. It would be ok if only FTX was still listing the token, what confuses me is that there are still many reputable CEXs still listing them despite FTX having already declared bankruptcy.

The crazy scenario is: after compensating the victims, FTX reboots and continues to operate, which means FTT will benefit greatly. Anything can happen with cryptocurrencies, so I wouldn't rule this out and that might be why some people are still holding FTT tokens.

Exchanges make their profit mainly through trading fees, so they won't delist it as long as it still has high trading volume and they still make a significant profit from it.

Like many shitcoins, memes are useless in the market but why do top exchanges like Binance, OKX or Bybit continue to list them? Simply because they have high trading volume and they can make a profit.

[CroverNo01]

Maybe because there are still many people who hope that the price will still go up somehow, and the money they buy there, I think they can afford to lose even if it doesn't give them a profit in the future. Because there are still those investors who really rely on luck.

It could also be that they are basing the liquidity pool on the daily volume of Ftt, because it seems like I have seen many like that even though they have problems,
there are still those who really hope to get a profit in the future.

These projects have differ means, we can encounter different challenges but overcoming them takes only big stands. FTT tokens been traded on exchanges in this current day? It's a project after all and it have holders, those that have patience and confidence in the project. What's profits and losses if we can get our hands on these features? We know how important it's been for us to continue our streak winnings in the system. Everyone have a prominent project they hoped for in the system. It's been an imperative project for everyone to come out stronger and winning.

[Cointxz]

It's hope that makes them like that, there are many holders out there who have a large amount of FTX Token (FTT) & they hope that the token price can at least be at a higher level before they execute their token sale. It would be ok if only FTX was still listing the token, what confuses me is that there are still many reputable CEXs still listing them despite FTX having already declared bankruptcy.

The crazy scenario is: after compensating the victims, FTX reboots and continues to operate, which means FTT will benefit greatly. Anything can happen with cryptocurrencies, so I wouldn't rule this out and that might be why some people are still holding FTT tokens.

Exchanges make their profit mainly through trading fees, so they won't delist it as long as it still has high trading volume and they still make a significant profit from it.

Like many shitcoins, memes are useless in the market but why do top exchanges like Binance, OKX or Bybit continue to list them? Simply because they have high trading volume and they can make a profit.

They already file a bankruptcy which means they can’t easily reboot their exchange like nothing happened after bailing out when they suffer losses. That’s not how bankruptcy works. In case there’s a plan for recovery the project should be acquired before the bankruptcy instead after the filing of bankruptcy and distributing the funds with the help of bank insurance.

Only dumb holder assume that way while all institutions is avoiding FTT. Exchange should be the one that delist it because it’s literally doesn’t have any purpose aside from exit liquidity of FTX to liquidate their asset,

[Akbarkoe]

I mean what’s the sense of holding FTT tokens while the exchange itself is already bankrupt and using FTT token for liquidation of their asset that they use for refund?



Even coinmarketcap already have a notification about this token being no use. I still saw many people keep trading this token on exchange.

I can’t comprehend the level of foolishness of people that still holding this token.

Many say that the trading volume in this token is one of the elements that it is still feasible to be maintained on the trading platform because the demand is still quite good for the benefits of the transaction fee, but the second reason is that there is still hope that the foundation in this coin is that FTX can make recovery even though the possibility is small but credit payments by the management today to their creditors are still done and it will be the reason for the future that FTX will try going forward.

We can see price fluctuations in the FTT token are still pretty good and that's a sign that the market is still very good for this token.

[asriloni]

Some reasons to follow why FTT still traded on exchange site.

1. Trading fees

2. Gamblers

3. Unregulated

Those are the reasons why FTT still traded on various exchange sites, and still has millions of daily trade volume (WTF!!!). I don't like how crypto exchange sites are handling a bankruptcy token like this.

I also admit that's one of shittiest behaviors owned by crypto exchange sites. They undelisted the garbage token just because it still gives them good trading fees. They're not even thinking about the credibility of the token. They obviously have no morality.

[Hispo]

I mean what’s the sense of holding FTT tokens while the exchange itself is already bankrupt and using FTT token for liquidation of their asset that they use for refund?



Even coinmarketcap already have a notification about this token being no use. I still saw many people keep trading this token on exchange.

I can’t comprehend the level of foolishness of people that still holding this token.

It is because there would be some sense of unfairness to have a token unlisted from an exchange while there are millions of people who lost millions of dollars due to the bankruptcy of the project or the exchange itself.
Take Terra-Luna for example,.the project failed and costed billions to people who held their stablecoin and also their utility coin Luna, at the very least as consolation those people should still have a source of liquidity if they decided to sell or hold (for a very long time) those tokens hoping for the price to help them recover a minimum of their initial investment.
Delisting it from Binance and other major exchanges would be the definitive death of such liquidity.

[o48o]

I mean what’s the sense of holding FTT tokens while the exchange itself is already bankrupt and using FTT token for liquidation of their asset that they use for refund?



Even coinmarketcap already have a notification about this token being no use. I still saw many people keep trading this token on exchange.

I can’t comprehend the level of foolishness of people that still holding this token.

People often seem to ignore when i say there's ton of fake volume, or bot volume, and this is good example of that. This is probably part of wash trading that also activates bots to trade it.

Especially tokens, which don't require mining to keep the chain alive rarely just die away. They can stay as living dead state traded by bots for a long time.
Bots don't know that there's no fundamentals that would support any future.

They can even be pumped by pump & dump groups, luring people putting actual money in for their own exit liquidity.

[Abiky]

I mean what’s the sense of holding FTT tokens while the exchange itself is already bankrupt and using FTT token for liquidation of their asset that they use for refund?

Even coinmarketcap already have a notification about this token being no use. I still saw many people keep trading this token on exchange.

I can’t comprehend the level of foolishness of people that still holding this token.

Most people are greedy, so they will keep buying and holding the token with the hopes of striking it rich in the future. I mean, if there's a "re-launch" of FTX. That's a big "IF", because the exchange's reputation already went downhill. Investors will never trust the FTX brand again. Same as Mt. Gox and the Terra/LUNA project.

Everybody is wasting their money in this nonsense. There are far better coins out there with a promising future. Why not choose BTC, ETH, or SOL instead? Let the losers buy their "fake Gold". It won't be long before FTT bagholders get "rekt". I sure hope this "shittoken" gets de-listed from every crypto exchange soon.