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Binance Futures Launches CGPT/USDT Perpetual Contracts
In a significant development for the cryptocurrency derivatives market, Binance Futures has announced the launch of its CGPT/USDT Perpetual Contract. This latest addition to the platform’s trading offerings is a testament to the growing importance of AI-focused cryptocurrencies in the digital asset ecosystem.
The new perpetual contract provides traders with advanced trading capabilities for ChainGPT token (CGPT), allowing them to take advantage of up to 75x leverage using USDT as the settlement asset. This development marks another milestone in Binance Futures’ commitment to providing diverse trading opportunities that meet the evolving demands of cryptocurrency traders.
As part of this launch, Binance Futures has also introduced a ±2.00% capped funding rate with four-hour settlement intervals. This stable and predictable trading environment enables all participants to make informed decisions while minimizing risk.
The CGPT/USDT Perpetual Contract is accessible via Binance Futures’ advanced trading interface, which offers robust risk management tools and real-time market data. This comprehensive platform allows traders to analyze the market and optimize their strategies in real-time.
In a statement, Ilan Rakhmanov, Founder of ChainGPT and CEO of ChainGPT Software, highlighted the significance of this partnership: “The listing of CGPT on Binance Futures is a testament to the token’s utility and importance in the Web3 space. This collaboration enables our community to engage with CGPT in a more dynamic manner while showcasing its role in the expanding ChainGPT ecosystem.”
With the launch of the CGPT/USDT Perpetual Contract, traders now have access to a wide range of trading opportunities on the Binance Futures platform.
Source: cryptopotato.com
