Major Update: Launch of GOAT Futures Contract on Binance
- Binance introduces GOAT perpetual contract featuring up to 75x leverage.
- GOAT meme token sees an 18% surge, reaching $0.88, with additional listings.
- Goatseus Maximus (GOAT): An AI-driven meme token operating on the Solana blockchain.
Binance, recognized as the largest cryptocurrency exchange globally by trading volume, has unveiled a futures trading contract for the meme token GOAT.
Key Details of the Announcement
On October 24, Binance officially revealed that it will begin trading the GOATUSDT perpetual contract from 13:30 UTC on the same day. This contract will allow traders to leverage their positions by as much as 75x.
#Binance Futures is set to 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
Impact on GOAT Token and the Market
Following the announcement, Goatseus Maximus (GOAT) witnessed a remarkable 18% increase over 24 hours, riding the wave of optimism for meme coins. The GOATUSDT contract will utilize USDT for settlement, with a tick size of 0.0001.
Trading Options and Flexibility
Traders will benefit from multi-assets trading mode, permitting them to use various margin assets such as BTC or ETH to trade GOATUSDT. Additionally, funding fees settlement will occur at four-hour intervals, offering frequent liquidity adjustments.
Competitive Landscape
Goatseus Maximus is establishing itself as a strong competitor among Solana-based meme tokens, outpacing popular options like Popcat and Bonk in recent market activity. Besides Binance, leading exchanges like OKX and Bybit have also signaled their support for GOAT futures, while spots for GOAT/USDT have already been established on platforms like BitMEX, Bitget, and WOO X.
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