Binance launches GOAT perpetual contract with 75x leverage. The GOAT meme token rose 18% to $0.88 following several other exchange listings. Goatseus Maximus (GOAT) is Solana's AI meme coin.
Binance, the world's largest cryptocurrency exchange by trading volume, has announced the launch of futures trading for meme coin GOAT.
In an announcement on October 24th, Binance announced that it will list the GOATUSDT Perpetual Contract on October 24th, 2024 at 13:30 UTC. This contract allows for up to 75x trading leverage.
#Binance Futures launches USDⓈ margin $GOAT perpetual contract
🗓️October 24, 2024, 13:30 (UTC)
Read more 👉 https://t.co/YswQcSfaat pic.twitter.com/OVUaTSYYAB
— Binance Futures (@BinanceFutures) October 24, 2024
The Binance Futures listing is the listing of meme coin Goatseus Maximus (GOAT), whose price has soared 18% in the past 24 hours amidst the listing and overall meme coin sentiment. GOATUSDT is settled in the stablecoin USDT and has a tick size of 0.0001.
Trading is also available in multi-asset mode. This means users can trade GOATUSDT perpetual contracts using multiple margin assets. This involves using assets like BTC or ETH as margin. According to Binance, funding fees will be settled every four hours.
Goatseus Maximus is rising among the Solana-based meme coins, outperforming the likes of Popcat and Bonk in the past 24 hours.
Besides Binance, other major exchanges that have announced support for GOAT futures contracts include OKX and Bybit. Cryptocurrency exchanges BitMEX, Bitget, and WOO X have already added spot trading for GOAT/USDT.
