Terrill Dickey
October 24, 2024 15:13
Binance Futures is launching the GOATUSDT perpetual contract, which enhances users’ trading options by offering up to 75x leverage. The contract date is October 24, 2024.
Binance Futures will expand its trading services with the introduction of the GOATUSDT perpetual contract, which offers up to 75x leverage. According to Binance, this new contract is scheduled to launch on October 24, 2024 at 13:30 UTC.
Contract specifications and features
GOATUSDT perpetual contract is designed for the digital asset “Goatseus Maximus (GOAT)”. The contract address has been provided for verification purposes. At launch, the maximum funding rate is set at +2.00% / -2.00%, and funding fees are settled every 4 hours. Binance reserves the right to adjust contract specifications, including funding fees, tick sizes, and leverage, depending on market conditions.
Trading Options and Multi-Asset Mode
Binance’s multi-asset mode allows users to trade GOATUSDT perpetual contracts using multiple margin assets, such as Bitcoin (BTC), depending on their haircuts. This feature provides traders with increased flexibility and risk management options.
Regulatory and risk considerations
Binance emphasizes that perpetual contracts are subject to its Terms of Use and Futures Service Agreement. Traders are advised to consider the risks associated with futures trading, including market risk and price volatility. Binance recommends that users conduct their own independent evaluation and consult with advisors as needed.
In light of the Markets for Cryptocurrency Assets (MiCA) regulations, Binance has issued a disclaimer regarding stablecoin restrictions for users in the European Economic Area (EEA), effective from June 30, 2024.
Binance’s ongoing efforts to expand its futures trading options reflect its commitment to providing users with a variety of sophisticated trading tools. The introduction of high leverage contracts such as GOATUSDT demonstrates this strategic direction.
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