CZ Clarifies The Difference Between BNB And FTT Token

Story: Divya Sinha

A Twitter user  in his tweet explained about the difference between BNB and FTT Token.

Binance CEO Changpeng Zhao also responded to the same tweet and clarified the difference between the two tokens.

Zhao mentioned that many people think that all exchange tokens are the same.

He elaborated that FTT is an exchange token. SOL is the blockchain token whereas SRM is the DEX token.

Zhao added BNB has utility on Binance CEX and detailed that BNB is a native coin on two blockchains.

At the press time, BNB’s price is $244.76 USD and is down 0.37% in the last 24 hours.

After the FTX crash, the FTT price plummeted from $22 to $4. At the time of writing, the price for FTT is $0.957854 USD.