Binance Futures to launch FETUSDT perpetual contracts as AI cryptocurrencies surge

Binance Futures will launch FETUSDT perpetual contracts on January 17, 2023, with leverage of up to 20X.

However, as market risks change, Binance may adjust contract specifications, including maximum leverage and initial margin, according to reports. It is also possible to trade FETUSDT Perpetual Contracts across multiple margin assets through Multi-Asset Mode. For instance, BUSD can be used as a margin when trading FETUSDT Perpetual Contracts.

Recently, interest in AI-related cryptocurrencies has surged due to the hype around the AI platform ChatGPT. For instance, SingularityNET’s token AGIX has grown by 198.15% in the past seven days and by 220.42% in the past 30 days.

Further, Fetch(FET) saw a surge of 82.17% in the last seven days and 147.73 in the past 30 days. FET is the native token of Fetch.AI, an artificial intelligence (AI) lab building an open, permissionless, decentralized machine learning network.

With a market cap of $1.18 billion, the top 59 AI coins saw a 52.09% increase in the last seven days. 

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

Binance launching $FET futures in 4 days. It makes sense to me that Binance will eventually launch an AI index on futures similar to their bluebird index. https://t.co/kZXN20KYGj

— Nacho Trades (@NachoTrades) January 13, 2023