What is wrapped FTM?

Wrapped Fantom (WFTM) represents a unique concept in the realm of cryptocurrency, serving as a wrapped version of the FTM token. This distinction arises from the fact that FTM is inherently the native token of the Fantom platform, designed to facilitate seamless transactions and interactions within its ecosystem.

The essence of a wrapped token lies in its value being directly pegged or tethered to another asset, in this case, the FTM token. This mechanism ensures that the value of WFTM remains closely aligned with that of FTM, offering investors and traders a convenient alternative for utilizing FTM's utilities in various contexts.

BTCC, a prominent cryptocurrency exchange, plays a pivotal role in the world of digital assets. Its comprehensive suite of services caters to a diverse range of users, from beginners to seasoned professionals, enabling them to navigate the complex landscape of cryptocurrencies with ease.

Among BTCC's offerings, its spot trading platform stands out as a premier destination for buying and selling cryptocurrencies, including WFTM. This service allows users to quickly execute trades at competitive prices, leveraging BTCC's robust infrastructure and advanced trading tools.

Additionally, BTCC provides access to futures trading, a feature that appeals to traders seeking to capitalize on market movements through Leveraged positions. By offering WFTM futures, BTCC further expands the trading opportunities for users interested in this wrapped token.