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Binance Futures Launches CGPT/USDT Perpetual Contracts
In a significant development, Binance Futures has announced the launch of its CGPT/USDT perpetual contract. This move is seen as a major expansion of the platform’s trading offerings and underscores the growing importance of AI-focused cryptocurrencies in the digital asset ecosystem.
The newly launched perpetual contract allows traders to engage with ChainGPT (CGPT) token, offering them leverage of up to 75x with USDT as the settlement asset. This significant development is expected to open new possibilities for both short-term and long-term trading strategies.
Commenting on this milestone, Ilan Rakhmanov, Founder of ChainGPT and CEO of ChainGPT Software said: “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.”
This perpetual contract format enables traders to hold positions indefinitely without the constraints of expiration dates, providing flexibility for both short-term and long-term trading approaches. The introduction of a ±2.00% capped funding rate with four-hour settlement intervals ensures a stable and predictable trading environment for all participants.
The CGPT/USDT Perpetual Contract will be available through Binance Futures’ advanced trading interface, which offers robust risk management tools and real-time market data to support informed trading decisions.
Key Features of the CGPT/USDT Perpetual Contract:
* Maximum leverage: 75x
* Settlement asset: USDT
* Trading availability: 24/7
* Capped funding rate: ±2.00% with four-hour settlement intervals
In conclusion, the launch of this perpetual contract is a significant step forward for Binance Futures and ChainGPT alike. It underscores the growing importance of AI-focused cryptocurrencies in the digital asset ecosystem.
With established partnerships and collaborations with industry leaders such as Google, Nvidia, and BNB Chain, ChainGPT continues to pioneer efficient and user-friendly AI solutions in the blockchain space.
Source: cryptopotato.com
