Cryptocurrency

Binance Futures to launch FETUSDT perpetual contracts as AI cryptocurrencies surge

Hull Invest

Binance futures are release FETUSDT perpetual contract on Jan 17, 2023, up to 20x leverage.

However, according to the report, as market risks change, Binance may adjust contract specifications such as maximum leverage and initial margin. You can also trade FETUSDT perpetual contracts on multiple margin assets using multi-asset mode. For example, BUSD can be used as margin when trading his FETUSDT perpetual contract.

Recently, the hype around AI platform ChatGPT has sparked a surge of interest in AI-related cryptocurrencies. For example, SingularityNET’s token AGIX has grown by 198.15% in the last 7 days and by 220.42% in the last 30 days.

In addition, Fetch (FET) surged 82.17% over the last 7 days and 147.73% over the last 30 days. FET is the native token of Fetch.AI, an artificial intelligence (AI) lab that builds open, permissionless, distributed machine learning networks.

The top 59 AI coins with a market cap of $1.18 billion have grown by 52.09% over the past seven days.

In light of recent speculation, some traders believe Binance will soon launch an AI index on futures.

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