Crypto derivatives platform Binance Futures has introduced the CGPT/USDT Perpetual Contract, highlighting the rising prominence of AI-focused cryptocurrencies in the digital asset landscape.
The new offering allows traders to leverage ChainGPT token (CGPT) transactions up to 75x, with USDT as the settlement currency, adding to Binance Futures’ diverse suite of trading products, per the announcement.
The perpetual contract enables traders to hold positions indefinitely, catering to both short-term and long-term strategies. It features a ±2.00% capped funding rate with four-hour settlement intervals, ensuring a stable trading environment.
The product will be available 24/7 on Binance Futures’ platform, which offers advanced risk management tools and real-time market data for informed decision-making. Multi-Assets Mode support also allows traders to use various margin assets, including Bitcoin.
The launch underscores Binance Futures’ commitment to adapting to market demands while supporting the growth of innovative projects like ChainGPT.
Founded in 2023, ChainGPT is an AI-focused blockchain platform that develops tools such as automated smart contract generators, an AI chatbot for Web3, an NFT generator, and an IDO launchpad.
The project has forged partnerships with industry leaders including Google, Nvidia, and BNB Chain, reinforcing its position in the blockchain and AI sectors.
ChainGPT’s CGPT token plays a pivotal role in its ecosystem, which aims to revolutionize the intersection of blockchain and AI.
With this new listing, Binance Futures offers the ChainGPT community a dynamic trading opportunity, aligning with the platform’s broader mission to provide diverse, cutting-edge financial products.
This move reflects the increasing integration of AI technologies within the cryptocurrency sector, as platforms and projects alike continue to explore new ways to leverage the potential of AI in blockchain applications.