Binance, the preeminent centralized cryptocurrency exchange, is set to roll out new leverage trading options for three AI-themed digital assets: Griffain (GRIFFAIN), ai16z (AI16Z), and Zerebro (ZEREBRO). The exchange announced support for margin contracts allowing up to 75x leverage, reflecting the growing interest in artificial intelligence within the crypto sector. Having previously gained traction on Binance Alpha, these tokens are poised for further exposure. OKX, another major platform, had also initiated perpetual futures trading for Griffain and Zerebro in the prior year.
The trading for these AI-based tokens will commence with the USD-margined perpetual contracts launching sequentially on January 2, 2025. As buzz around these assets increases, their prices have surged. In recent trading, AI16Z saw a 12% hike, reaching an all-time high of $2.47 with a market cap of $2.4 billion. Zerebro and Griffain followed with price increases of 15% and 4%, respectively, setting new peaks in their valuations.
These advancements signal a significant shift in the utility and market perception of AI-driven crypto projects, transitioning from mere novelty to functionalities with real-world applications. Zerebro aims to branch into entertainment avenues like Spotify albums, while AI16Z’s Eliza framework supports a wider ecosystem of autonomous entities.
The burgeoning AI-centric crypto domain, now valued at approximately $10 billion, has rapidly matured from its initial phase. Initially propelled by meme tokens, the sector now focuses on building foundational infrastructure and on-chain value, marking progression from hype-driven trading to sustainable development and increased trading volumes.
