Binance Futures Introduces CGPT/USDT Perpetual Contract
In a notable development, Binance Futures, a leading cryptocurrency derivatives exchange, has announced the launch of the CGPT/USDT Perpetual Contract. This move not only broadens the platform’s trading offerings but also underscores the rising importance of AI-focused cryptocurrencies in the digital asset market.
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The new contract offers traders advanced features for trading the ChainGPT token (CGPT), including leverage of up to 75x with USDT as the settlement asset. This addition highlights Binance Futures’ dedication to diversifying its product suite and meeting the evolving needs of cryptocurrency enthusiasts.
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“The listing of CGPT on Binance Futures signifies its growing utility and relevance in the Web3 ecosystem,” said Ilan Rakhmanov, Founder and CEO of ChainGPT Software. “This gives our community a dynamic way to engage with CGPT while reinforcing its role in the expanding ChainGPT platform.”
Advanced Features for Traders
The CGPT/USDT Perpetual Contract allows traders to hold positions indefinitely, offering flexibility for both short-term and long-term strategies. To maintain a stable trading environment, the contract implements a capped funding rate of ±2.00% with four-hour settlement intervals, ensuring predictable trading conditions for users.
Trading will be accessible through Binance Futures’ advanced interface, which includes cutting-edge risk management tools and real-time market data. Key features of the CGPT/USDT Perpetual Contract include:
- Maximum Leverage: Up to 75x.
- Settlement Asset: USDT.
- Availability: 24/7 trading.
- Capped Funding Rate: ±2.00% with four-hour settlement periods.
- Multi-Assets Mode Support: Enables the use of various margin assets, including BTC, for trading flexibility.
About ChainGPT
Founded in 2023, ChainGPT is a pioneering provider of AI-powered tools tailored to the blockchain and Web3 industries. By integrating cutting-edge AI techniques, ChainGPT bridges the gap between blockchain technology and artificial intelligence, offering a suite of tools such as SDKs, APIs for automated smart contract generation, a Web3 AI chatbot, an NFT generator, and an IDO launchpad.
ChainGPT’s rapid growth is fueled by strategic collaborations with industry leaders like Google, Nvidia, and BNB Chain. Its mission is to revolutionize the intersection of blockchain and AI, with a vision to unlock the full potential of autonomous AI agents within the Web3 ecosystem. Through innovation and partnerships, ChainGPT continues to set benchmarks in creating efficient, user-friendly AI solutions for the blockchain space.
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