It is finally revealed – the first centralized exchange where FT will be listed. And its name is Cryptopia (John Cena reference). Let’s delve into the details.
Cryptopia is currently dancing around the top 60 exchanges range on CMC, with an average daily volume usually around $10 – $15 million. The staff also seem to be very professional, which is something we have always tried to employ and value a lot in any business.
They have had some issues in the past with slow support ticket responses as they exchange became rapidly popular. However, as per recent news, it seems that everything is back on track.
Additionally, as per SimilarWeb, Cryptopia has more than 10 million monthly visits, which is going to be a huge exposure for the FT platform. Of course, SimilarWeb stats are not entirely accurate in most cases, but they are still a great indicator.
Why We Chose Cryptopia
In short, it is the perfect exchange for FT at its current state. The token is still not that popular in the crypto space and we intend to take it step-by-step to in order to change that.
So, as our token is roughly in the top 700 based on market cap, it is more than befitting that we begin with an exchange around that top 70 mark. As that old saying goes – we need to get bigger before we get bigger.
Additionally, we like the UI of the exchange and the emphasis on security by the team, which is a very important factor in the crypto world.
FT has already been trading for ETH on IDEX and now people will also be able to trade FT for BTC, LTC, and DOGE. Having pairs with all of the most popular cryptocurrencies is vital for the volume and liquidity of every token and this listing on Cryptopia has given FT a nice push in that department.
What About Other Centralized Exchanges?
Of course, Cryptopia will not be the only centralized exchange where FT will be traded. For now it will be, but we have also been working on a few other prospects for a while now. However, dealing with exchanges is not the quickest of tasks, especially considering the fact that transfers on our token were not allowed up until recently, so we couldn’t brag with volume in any way – and volume is a big must with all of the top exchanges. As always, when we have definitive news, we will let the community know.
We know everyone wants Binance and we understand why, but we have to play it smart and if we do, we will surely get to a level where we will be able to list FT on any of the top volume exchanges. Until then, and until other exchanges are announced, we recommend trading FT on Cryptopia and IDEX.
The listing of FT on Cryptopia will bring a new level of exposure for both the token itself and the project, which it is designed for. With the impressive volume on IDEX over the last few days, and with the fresh listing on Cryptopia, which will certainly grow the popularity of FT, we expect a substantial increase in volume and liquidity, which will inevitably make larger exchanges notice the Fabric Token.