Trade $CGPT Perpetual Futures On Binance!
Binance Futures has announced the launch of the CGPT/USDT Perpetual Contract, which will go live on December 20, 2024, at 19:15 UTC.
This new addition offers traders the ability to leverage up to 75x and trade CGPT/USDT 24/7 with USDT as the settlement asset. It's also an exciting step for the ChainGPT token, reflecting its growing presence in the crypto ecosystem.
According to Binance’s announcement, the CGPT/USDT contract will support Multi-Assets Mode, allowing traders to “use a range of margin assets, such as BTC, to trade CGPT/USDT.” The funding rate is capped at ±2.00%, with settlements occurring every four hours to maintain a predictable trading environment.
What Are Futures Contracts?
Futures contracts are agreements to buy or sell an asset at a predetermined price at a specific time in the future. Perpetual contracts, like CGPT/USDT, take this a step further by removing the expiration date. Perpetual contracts are a versatile tool that allow users to engage with market movements across various timeframes, making them a popular choice for traders.Quote from Ilan Rakhmanov, Founder of ChainGPT and CEO of ChainGPT Software:
“The listing of CGPT/USDT on Binance Futures is a testament to the token’s utility and importance in the Web3 space. It offers our community another dynamic way to engage with CGPT while showcasing its role in the expanding ChainGPT ecosystem.”
Traders interested in the CGPT/USDT perpetual contract can access it starting on December 20. For more details on Binance Futures trading rules and margin requirements, visit Binance’s official support pages.