- Binance introduces GOAT perpetual contract featuring 75x leverage.
- GOAT meme token surged by 18% to $0.88 amid multiple exchange listings.
- Goatseus Maximus (GOAT) is a meme coin powered by AI on the Solana blockchain.
Binance, recognized as the largest cryptocurrency exchange globally by trading volume, has revealed the launch of futures contracts for the meme coin GOAT.
In an official announcement on October 24, Binance confirmed that the GOATUSDT perpetual contract will become available on October 24, 2024, at 13:30 UTC. This contract permits trading with leverage up to 75x.
#Binance Futures will present the USDⓈ-Margined $GOAT Perpetual Contract at
🗓️Oct 24 2024, 13:30 (UTC)
Learn more 👉 https://t.co/YswQcSfaat pic.twitter.com/OVUaTSYYAB
— Binance Futures (@BinanceFutures) October 24, 2024
The listing by Binance Futures pertains to the meme coin Goatseus Maximus (GOAT), which has experienced an 18% price increase in the last 24 hours, driven by the listing announcement and positive meme coin sentiment. The GOATUSDT contract will be settled in the stablecoin USDT with a tick size of 0.0001.
Users can also trade in multi-assets mode, allowing them to utilize multiple margin assets such as BTC or ETH for the GOATUSDT perpetual contract. According to Binance, funding fees will be settled every four hours.
Goatseus Maximus has gained traction among Solana-based meme coins, outperforming other tokens like Popcat and Bonk in the last 24 hours.
In addition to Binance, other leading exchanges like OKX and Bybit have announced futures contract support for GOAT. Exchanges such as BitMEX, Bitget, and WOO X have already implemented spot trading for GOAT/USDT.
