Terrill Dicki
Oct 24, 2024 15:13
Binance Futures launches the GOATUSDT perpetual contract, offering up to 75x leverage, enhancing trading options for users. The contract will be available on October 24, 2024.
Binance Futures is set to expand its trading offerings with the introduction of the GOATUSDT perpetual contract, featuring up to 75x leverage. This new contract is scheduled to go live on October 24, 2024, at 13:30 UTC, according to Binance.
Contract Specifications and Features
The GOATUSDT perpetual contract is designed for the digital asset “Goatseus Maximus (GOAT)”. The contract address has been provided for verification. At launch, the maximum funding rate will be set at +2.00% / -2.00%, with funding fees settled every four hours. Binance has reserved the right to adjust contract specifications, including funding fees, tick size, and leverage, based on market conditions.
Trading Options and Multi-Assets Mode
Binance’s Multi-Assets Mode allows users to trade the GOATUSDT perpetual contract using multiple margin assets, such as Bitcoin (BTC), subject to applicable haircuts. This feature provides traders with enhanced flexibility and risk management options.
Regulatory and Risk Considerations
Binance emphasizes that the perpetual contract is subject to its Terms of Use and Futures Service Agreement. Traders are advised to consider the risks involved in futures trading, including market risk and price volatility. Binance encourages users to conduct independent assessments and consult advisors as needed.
In light of the Markets in Crypto-Assets (MiCA) regulations, Binance has issued a disclaimer regarding stablecoin restrictions for European Economic Area (EEA) users, effective from June 30, 2024.
Binance’s ongoing efforts to expand its futures trading options reflect a commitment to providing diverse and sophisticated trading instruments for its users. The introduction of high-leverage contracts like GOATUSDT is a testament to this strategic direction.
Image source: Shutterstock
