FTX Token (FTT) was the native utility token of the now-defunct FTX cryptocurrency exchange. Launched in 2019 by Sam Bankman-Fried and Gary Wang, FTT was designed to enhance the trading experience on the FTX platform by providing benefits such as trading fee discounts, staking rewards, and use as collateral for margin trading. However, following FTX’s collapse in 2022, the token lost its primary utility and market relevance.