The premier cryptocurrency derivatives trading platform, Binance Futures, has announced a significant expansion to its product lineup with the introduction of the CGPT/USDT perpetual contract. This latest offering enhances the platform's trading portfolio while emphasizing the growing prominence of AI-focused cryptocurrencies within the digital asset ecosystem.
Key Features of the CGPT/USDT Perpetual Contract
The new perpetual contract brings advanced trading capabilities to ChainGPT's native token (CGPT), with USDT serving as the settlement asset. Traders can access leverage of up to 75x, providing enhanced flexibility for both short-term and long-term strategies. Highlights include:
- Maximum Leverage: 75x
- Settlement Asset: USDT
- 24/7 Trading Availability
- Funding Rate Cap: ±2.00%, settled every four hours
- Multi-Asset Mode: Supports trading with various margin assets, including BTC
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Why This Launch Matters
The introduction of CGPT/USDT perpetual contracts underscores Binance Futures' commitment to diversifying trading opportunities while meeting the evolving needs of cryptocurrency traders. ChainGPT, an AI-driven blockchain project, further solidifies its position in the Web3 space through this listing.
Ilan Rakhmanov, Founder of ChainGPT and CEO of ChainGPT Software, commented:
"The listing of CGPT on Binance Futures validates the token's utility and significance in Web3. It offers our community another dynamic way to engage with CGPT while demonstrating its role in the expanding ChainGPT ecosystem."
Perpetual contracts allow traders to hold positions indefinitely without expiry dates, making them ideal for varied trading strategies. The structured funding rate mechanism (±2.00%) and four-hour settlements ensure a stable and predictable trading environment.
Trading Mechanics and Platform Integration
The CGPT/USDT perpetual contract is available through Binance Futures' advanced trading interface, which includes:
- Real-time market data
- Robust risk management tools
- Multi-asset margin support
For detailed guidance on trading CGPT/USDT perpetual contracts, users can visit Binance Futures’ official website or contact their support team.
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About ChainGPT: AI Meets Blockchain
Founded in 2023, ChainGPT is a pioneering provider of AI-powered tools for blockchain and Web3 applications. Key innovations include:
- Smart Contract Generator SDK/API
- Web3 AI Chatbot
- NFT Generator & IDO Launchpad
Through strategic partnerships with industry leaders like Google, Nvidia, and BNB Chain, ChainGPT continues to develop user-friendly AI solutions for blockchain ecosystems. Its mission revolves around unlocking the potential of autonomous AI agents in Web3.
For more details, users can explore the official ChainGPT website.
FAQ Section
1. What is a perpetual contract?
Perpetual contracts are derivative instruments without expiry dates, allowing traders to hold positions indefinitely while paying/receiving funding fees periodically.
2. How does leverage work in CGPT/USDT trading?
Binance Futures offers up to 75x leverage, meaning traders can amplify positions with borrowed capital—increasing both potential profits and risks.
3. What makes ChainGPT unique in Web3?
ChainGPT integrates cutting-edge AI with blockchain, offering tools like smart contract automation, AI chatbots, and NFT generation for seamless Web3 adoption.
4. How often is the funding rate applied?
CGPT/USDT perpetual contracts settle funding rates every four hours, capped at ±2.00% to maintain market stability.
5. Can I trade CGPT/USDT on mobile?
Yes, Binance Futures supports mobile and desktop trading via its intuitive platform interface.
6. Where can I learn more about ChainGPT’s ecosystem?
Visit their official documentation or community channels like Discord and Twitter.