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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 highlighting 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 leverage of up to 75x with USDT as the settlement asset. This development demonstrates Binance Futures’ commitment to providing diverse trading opportunities that meet the evolving demands of cryptocurrency traders.
Ilan Rakhmanov, Founder of ChainGPT and CEO of ChainGPT Software, commented on this milestone 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.”
The perpetual contract format allows traders to hold positions indefinitely without expiration dates, providing flexibility for short-term and long-term trading strategies. Additionally, implementing a ±2.00% capped funding rate with four-hour settlements ensures a stable and predictable trading environment for all participants.
To facilitate seamless trading experiences, the CGPT/USDT Perpetual Contract will be accessible through Binance Futures’ advanced trading interface, which provides robust risk management tools and real-time market data to support informed trading decisions.
Source: crypto-economy.com
