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The FTT hit a new all-time high price of $83 following the launching of FTX crypto exchange's NFT marketplace, making it the 26th biggest digital asset
It also increased the token market cap to $8.44 billion.
FTT, the native token of the FTX crypto trading platform, gives unique advantages like reduced trading fees and allows holders access to staking opportunities so they can earn percentage rewards.
Although the token eventually dropped to $75.12, it has gained 12.2% in the past day. FTT has also reached a high of 69% within the week.
Last week, FTT's developers acquired Ledger XZ, the first cryptocurrency derivatives platform approved in the US, enabling the trading of regulatory-approved products, such as Bitcoin and Ethereum futures, on the FTX derivatives platform.
LedgerX has brokered more than 10 million crypto options and swap contracts since 2017.
The platform also runs cryptocurrency portfolio tracking app Blockfolio, which had over 1 million downloads on Google Play.
