Binance Futures has expanded its trading portfolio by launching the CGPT/USDT perpetual contract, which caters to the growing interest in AI-focused cryptocurrencies.
The CGPT/USDT perpetual contract allows traders to leverage their positions up to 75 times using USDT as the settlement asset. This contract introduces advanced features such as a capped funding rate of ±2.00% settled every four hours to mitigate volatility.
ChainGPT aims to bridge the gap between AI and blockchain technology, offering AI-powered tools for the Web3 ecosystem. The company has strategic partnerships with Google, Nvidia, and BNB Chain.
The CGPT token, associated with ChainGPT, is listed on Binance Futures, highlighting its utility in the digital economy. The perpetual contract format provides flexibility for both short-term and long-term strategies. Traders can access the trading platform 24/7 and engage with various margin assets, including Bitcoin.
The launch of the CGPT/USDT perpetual contract is expected to increase interest in AI-focused tokens and contribute to greater liquidity and price discovery. The flexibility of the perpetual contract format and robust risk management tools provided by Binance Futures are likely to attract a diverse range of traders.
The future of AI-powered digital assets looks promising with ChainGPT leading the way.