- Binance launches GOAT perpetual contract with 75x leverage.
- GOAT meme token jumped 18% to $0.88 amid a number of different trade listings.
- Goatseus Maximus (GOAT) is an AI meme coin on Solana.
Binance, the world’s largest crypto trade by buying and selling quantity, has introduced the launch of futures contract for meme coin GOAT.
In an announcement on Oct. 24, Binance stated it can record the GOATUSDT perpetual contract on October 24, 2024 at 13:30 UTC. The contract will permit a buying and selling leverage of up to 75x.
#Binance Futures will launch the USDⓈ-Margined $GOAT Perpetual Contract at
🗓️Oct 24 2024, 13:30 (UTC)
Learn extra 👉 https://t.co/YswQcSfaat pic.twitter.com/OVUaTSYYAB
— Binance Futures (@BinanceFutures) October 24, 2024
Binance Futures’ itemizing is for the meme coin Goatseus Maximus (GOAT), which has seen its price spike 18% previously 24 hours amid the itemizing and general meme coin sentiment. GOATUSDT will settle within the stablecoin USDT and have a tick measurement of 0.0001.
Trading can also be out there in multi-assets mode, which implies customers can commerce the GOATUSDT perpetual contract with a number of margin belongings. This consists of using an asset equivalent to BTC or ETH as margin. Based on Binance, settlement for funding charges might be at four-hour intervals.
Goatseus Maximus has climbed increased amongst Solana primarily based meme cash, with its features previously 24 hours surpassing the likes of Popcat and Bonk.
Aside from Binance, different high exchanges to announce assist for futures contracts for GOAT embody OKX and Bybit. Crypto exchanges BitMEX, Bitget and WOO X have already added spot buying and selling for GOAT/USDT.