GOAT token soars as Binance lists perpetual contract

• Binance launches GOAT perpetual contract with 75x leverage.
• GOAT meme token jumped 18% to $0.88 amid a number of different alternate listings.
• Goatseus Maximus (GOAT) is an AI meme coin on Solana.

Binance, the world’s largest crypto alternate by buying and selling quantity, has introduced the launch of futures contract for meme coin GOAT.

In an announcement on Oct. 24, Binance mentioned it’s going to checklist the GOATUSDT perpetual contract on October 24, 2024 at 13:30 UTC. The contract will permit a buying and selling leverage of as much as 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 value spike 18% prior to now 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.

Buying and selling can also be out there in multi-assets mode, which suggests customers can commerce the GOATUSDT perpetual contract with a number of margin belongings. This contains the usage of an asset comparable to BTC or ETH as margin. In response to Binance, settlement for funding charges might be at four-hour intervals.

Goatseus Maximus has climbed increased amongst Solana based mostly meme cash, with its positive aspects prior to now 24 hours surpassing the likes of Popcat and Bonk.

Aside from Binance, different high exchanges to announce help for futures contracts for GOAT embrace OKX and Bybit. Crypto exchanges BitMEX, Bitget and WOO X have already added spot buying and selling for GOAT/USDT.