Launch of Binance Futures’ CGPT/USDT Perpetual Contract Enhances Trading Capabilities

Binance Futures Launches CGPT/USDT Perpetual Contracts

December 20, 2024 – Dubai, United Arab Emirates – In a major move, Binance Futures has officially launched its CGPT/USDT Perpetual Contract. This significant addition to the platform’s offerings is set to revolutionize the way cryptocurrency traders engage with AI-focused cryptocurrencies.

The new contract introduces advanced trading capabilities for ChainGPT token (CGPT), allowing users to take advantage of up to 75x leverage, with USDT as the settlement asset. The perpetual nature of this contract enables traders to hold positions indefinitely, providing flexibility for both short-term and long-term strategies.

To ensure a stable and predictable trading environment, Binance Futures has implemented a ±2.00% capped funding rate with four-hour settlement intervals. This feature is designed to provide robust risk management tools and real-time market data to support informed trading decisions.

The CGPT/USDT Perpetual Contract will be accessible through the platform’s advanced trading interface, providing an unparalleled experience for traders. The partnership between Binance Futures and ChainGPT is a testament to the growing prominence of AI-focused cryptocurrencies in the digital asset ecosystem.

The CEO of ChainGPT Software, Ilan Rakhmanov, commented on this development by stating, “The listing of CGPT on Binance Futures is a testament to the token’s utility and importance in the Web3 space. It offers our community another dynamic way to engage with CGPT while showcasing its role in the expanding ChainGPT ecosystem.”

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Source: blockonomi.com