FTFTX: Real-time cryptocurrency market data and trading platform launches

Future FinTech Group announced Monday that its newly formed Dubai-based unit FTFT Capital Investments has introduced a global cryptocurrency market and real-time trading data platform. Known as FTFTX, the platform aggregates trading and market information from a variety of global cryptocurrency exchanges for both individual and institutional investors.

According to the company’s press release, FTFTX will provide access to market prices by aggregating data from exchanges and liquidity aggregators around the world, resources on trading and investment strategies, and sector news. Bitcoin, Ethereum, EOS, Litecoin, and TRON are among the major cryptocurrency exchanges listed on the FTFTX.

FTFT Capital said it believes that FTFTX will help its users make informed investment decisions by providing them with real-time market data as well as the potential to achieve optimal pricing and lower transaction costs, according to the release.

The past month has been a very busy time for New York-based Future FinTech. The news of FTFTX comes just four days after the company announced the creation of a new blockchain division to “develop, operate and manage [its] Bitcoin mining farm plans in the united states and paraguay. “In mid-December 2021, the company stated that it had entered into an agreement with Ohio-based APC Service to build a cryptocurrency mining farm in Ohio. The mining farm will have a first phase project of 50 MW of processing capacity which could expand to a total project size of 300 MW.

Future FinTech CEO Shanchun Huang said last week that the company is intent on implementing a global expansion strategy for its crypto-mining business.

“With the start of the new year, FTFT continues to pursue its goal of becoming one of the most active and influential digital currency and crypto-asset trading service providers in the world,” Huang said in today’s announcement.

Fintech futures hit 2021, with total returns down nearly 30% over the calendar year, and closing the year at $1.33 a share. But the recent news gave a boost to the company’s shares. In the first few hours of trading in 2022, shares of Future FinTech are up 7%.