The global trend towards artificial intelligence (AI) cryptocurrency and altcoin reflected in the field. Lately FET, VITD, NMR, OCEAN, CTXC and PHB A few artificial intelligence-themed altcoins have come to the fore and gained popularity.
Binance Launches Futures For Fetch.ai (FET) Altcoin
Among them, FET recently received good news from Binance, the world’s largest cryptocurrency exchange. Binance announced that it will launch FET perpetual futures contracts with up to 20x leverage on January 17, 2023, at 05:30 am.
While this development has been enthusiastically received by traders and analysts, some speculation may indicate that Binance is planning to launch an AI index in the near future. Analyst Nacho Trades, evaluating the development, said in a recent statement:
“Binance launches $FET futures in 4 days. It makes sense to me that Binance will eventually launch an AI index on futures similar to the bluebird index.”
The launch of FET futures contracts on Binance is a significant development for the cryptocurrency and AI communities. This development shows that Binance is aware of the growing importance of AI in the cryptocurrency world and wants to offer more trading options to its users.
USDⓈ-M FET Perpetual Contracts will be launched with Up to 20X Leverage.
Read more here ⬇️https://t.co/3iZFIF60E2
— Binance Futures (@BinanceFutures) January 13, 2023
Founded in 2017 and launched through IEO on Binance in March 2019, Fetch.AI is an artificial intelligence (AI) lab building an open, permissionless, decentralized machine-teaching network with crypto economy.
*Not investment advice.
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