Launch of CGPT/USDT Perpetual Contract on Binance Futures Expands Trading Options for Traders
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Binance Futures Launches CGPT/USDT Perpetual Contracts
In a significant move, Binance Futures, the leading cryptocurrency derivatives exchange platform, has announced the launch of its CGPT/USDT Perpetual Contract. This latest addition expands the platform’s trading offerings while underscoring the growing prominence of AI-focused cryptocurrencies in the digital asset ecosystem.
The new perpetual contract introduces advanced trading capabilities for ChainGPT token (CGPT), offering traders a maximum leverage of 75x with USDT as the settlement asset. This addition to Binance Futures’ suite of products demonstrates the platform’s commitment to providing diverse trading opportunities while meeting the evolving demands of cryptocurrency traders.
Ilan Rakhmanov, Founder of ChainGPT and CEO of ChainGPT Software, commented on this development by stating that “the launch of CGPT/USDT Perpetual Contract is a significant milestone for our project. We are thrilled to see our token listed on Binance Futures and believe it will provide our community with greater flexibility and opportunities to grow their investments.”
The perpetual contract allows traders to hold positions indefinitely, giving them the ability to ride out market fluctuations without having to constantly monitor and close positions. This feature can be particularly beneficial for traders who have a long-term perspective or are looking to hedge against potential losses.
The launch of CGPT/USDT Perpetual Contract comes at a time when the cryptocurrency market is experiencing significant volatility. The introduction of this new contract type provides traders with an innovative way to navigate these market conditions and capitalize on opportunities.
Binance Futures has been actively expanding its offerings in recent months, listing multiple high-demand tokens and introducing new derivatives products. This latest development is seen as another step forward for the platform in providing a comprehensive trading environment for cryptocurrency enthusiasts.
The CGPT/USDT Perpetual Contract is now available for trading on Binance Futures, with users able to access it via the exchange’s desktop or mobile app.
With this launch, ChainGPT aims to revolutionize the intersection of blockchain and artificial intelligence. The project seeks to unlock the potential of autonomous AI agents in Web3, a vision that aligns perfectly with the decentralized and innovative nature of the cryptocurrency space.
To learn more about ChainGPT, users can visit their official website at https://www.chaingpt.org/.
Source: www.crypto-news-flash.com
