- Binance launches GOAT perpetual contract with 75x leverage
- GOAT meme token jumped 18% to $0.88 amid several other exchange listings
- Goatseus Maximus (GOAT) is an AI meme coin on Solana
Binance, the world’s largest crypto exchange by trading volume, has announced the launch of futures contract for meme coin GOAT.
In an announcement on October 24, Binance said it will list the GOATUSDT perpetual contract on October 24, 2024 at 13:30 UTC. The contract will allow a trading leverage of up to 75x.
#Binance Futures will launch the USDⓈ-Margined $GOAT Perpetual Contract at
🗓️Oct 24 2024, 13:30 (UTC)
Read more 👉 https://t.co/YswQcSfaat pic.twitter.com/OVUaTSYYAB
— Binance Futures (@BinanceFutures) October 24, 2024
Binance Futures’ listing is for the meme coin Goatseus Maximus (GOAT), which has seen its price spike 18% in the past 24 hours amid the listing and overall meme coin sentiment. GOATUSDT will settle in the stablecoin USDT and feature a tick size of 0.0001.
Trading is also available in multi-assets mode, which means users can trade the GOATUSDT perpetual contract with multiple margin assets. This includes the use of an asset such as BTC or ETH as margin. According to Binance, settlement for funding fees will be at four-hour intervals.
Goatseus Maximus has climbed higher among Solana-based meme coins, with its gains in the past 24 hours surpassing the likes of Popcat and Bonk.
Apart from Binance, other top exchanges to announce support for futures contracts for GOAT include OKX and Bybit. Crypto exchanges BitMEX, Bitget and WOO X have already added spot trading for GOAT/USDT.