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Binance Futures Announces Launch of CGPT/USDT Perpetual Contracts
In a groundbreaking move, Binance Futures, the premier platform for cryptocurrency derivatives, has recently unveiled its CGPT/USDT Perpetual Contract. This innovative development significantly enhances the platform’s trading capabilities, underscoring the rapidly growing importance of AI-centric cryptocurrencies within the digital asset landscape.
The newly launched perpetual contract enables traders to engage with ChainGPT token (CGPT) in a unique way, allowing them to utilize leverage up to 75x and USDT serving as the settlement asset. This latest enhancement showcases Binance Futures’ dedication to providing an array of trading options while adapting to the dynamic needs of the crypto trading community.
Ilan Rakhmanov, Founder of ChainGPT and CEO of ChainGPT Software, has expressed his enthusiasm for this collaboration by stating that “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.”
The perpetual contract structure empowers traders to maintain their positions without expiration, offering unparalleled flexibility for short-term and long-term trading strategies. Furthermore, introducing a ±2.00% capped funding rate with four-hour settlements ensures a reliable and consistent trading landscape for every participant involved.
Binance Futures will now offer the CGPT/USDT Perpetual Contracts, providing traders with access to a sophisticated trading interface that is well-equipped with powerful risk management features and real-time market insights. This platform allows users to make informed trading choices by leveraging advanced tools and analytics.
Source: zycrypto.com
