Crypto Exchanges Remove FTX Token Pairs From Trading Platforms

As the FTX crash continues to cause turmoil in the cryptocurrency industry, several crypto exchanges have removed the FTX token from their platforms. In a statement, cryptocurrency exchange Binance highlighted that it has removed trading pairs FTT/BTC, FTT/BNB, FTT/ETH and FTT/USDT from its platform, citing that the pairs failed to pass their recent reviews. However, the exchange noted that the FTT/BUSD pair is still available on its exchange.

At #Binance we conduct regular reviews of listed assets to ensure they meet our standards to protect our users.

Based on our recent reviews, we will remove and cease trading of several $FTT trading pairs on 2022-11-15 04:30 (UTC):

FTT/BNB
FTT/BTC
FTT/ETH
FTT/USDT

— Binance (@binance) November 14, 2022

The decision follows requests from community members to remove the token. In a tweet, influencer Cevo urged Binance CEO Changpeng Zhao to take immediate action against FTT, proposing to take down everything related to FTX to protect exchange customers. In addition to Binance, BitMEX has eliminated the perpetual swap contracts associated with the FTT. This includes the FTT/USD and FTT/USDT pairs. The exchange cited a reduction in spot trading of the pairs as the reason for the delisting. Like BitMEX, KuCoin also canceled its FTT/USDT perpetual contract on KuCoin Futures.