GOAT Token Rises When Binance Lists Perpetual Contract
Binance launches GOAT perpetual contract with 75x leverage. GOAT meme token jumped 18% to $0.88 among 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 a futures contract for the meme coin GOAT.
In its announcement on October 24, Binance will list the GOATUSDT perpetual contract on October 24, 2024 at 13:30 UTC. The contract allows for up to 75x trading leverage.
#Binance Futures USDⓈ-Margined $GOAT Perpetual Contract Starts at
🗓️October 24 2024, 13:30 (UTC)
Read more 👉 pic.twitter.com/OVUaTSYYAB
— Binance Futures (@BinanceFutures) October 24, 2024
The Binance Futures listing is for meme coin Goatseus Maximus (GOAT), whose price has risen 18% in the last 24 hours amid sentiment on the list and general meme coin. GOATUSDT is deposited in the stablecoin USDT and displays a token size of 0.0001.
Trading is also available in multi-asset mode, which means users can trade the GOATUSDT perpetual contract with multiple margin assets. This involves using assets like BTC or ETH as margin. According to Binance, funding payouts will be in four-hour intervals.
Gotsius Maximus has risen to the top among Solana-based meme coins, with its gains over the past 24 hours surpassing the likes of Popcat and Bonk.
Besides Binance, other major exchanges to announce support for GOAT futures contracts include OKX and Bybit. Crypto exchanges BitMEX, Bitget and WOO X have already added spot trading for GOAT/USDT.
