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Binance Futures Launches CGPT/USDT Perpetual Contracts
In a groundbreaking move, Binance Futures has announced the launch of its CGPT/USDT Perpetual Contract. This development marks a significant milestone for both parties, as it enables traders to capitalize on the immense potential of ChainGPT’s (CGPT) innovative technology.
For those unfamiliar with ChainGPT, it is a pioneering project that bridges the gap between blockchain technology and AI, aiming to revolutionize the Web3 ecosystem by leveraging advanced AI techniques. Their suite of tools includes SDKs and APIs for automated smart contract generation, a Web3 AI chatbot, an NFT generator, and an IDO launchpad.
As part of this collaboration, Binance Futures has created a perpetual contract that allows traders to hold positions indefinitely without expiration dates. This innovative feature is expected to attract both short-term and long-term trading strategies, providing ample opportunities for users to engage with the rapidly evolving AI-focused cryptocurrency ecosystem.
To facilitate seamless transactions, Binance Futures offers a ±2.00% capped funding rate with four-hour settlement intervals. This stability ensures a robust and predictable environment for traders, regardless of their market positions or risk management preferences.
In addition to this, CGPT/USDT Perpetual Contracts will be available through Binance Futures’ advanced trading interface, providing users with robust risk management tools and real-time market data to support informed trading decisions. This feature is designed to cater to a wide range of traders, from newcomers seeking guidance to seasoned professionals relying on their expertise.
As per the announcement, this perpetual contract offers the following key features:
* Maximum leverage: 75x
* Settlement asset: USDT
* Trading availability: 24/7
By providing such an extensive array of trading options and tools, Binance Futures further solidifies its position as a premier cryptocurrency derivatives exchange platform.
Source: blockonomi.com
