- GOAT perpetual futures are now live on Kraken, offering up to 50x leverage and long-term trading strategies.
- GOAT futures are available on Kraken, BitMEX, and Binance, reflecting the token’s growing presence in major exchanges.
Kraken Exchange has officially launched GOAT perpetual futures, providing traders with a new way to bet on the price of GOAT, a meme token that has sparked widespread interest. Although there is great return potential, this listing lets users trade GOAT with up to 50x leverage, therefore increasing their risk.
Since perpetual futures lack an expiration date, they appeal especially to long-term traders since they fit their approach. Thanks to Kraken’s easy interface and flawless trading environment, traders there may open and maintain positions as market conditions change.
$GOAT @gospelofgoatse @truth_terminal perpetual futures is now live and ready to trade!
Why choose Kraken Pro futures:
☑️ 30+ collateral options
☑️ Diverse profit payouts
☑️ 230+ marketsOpen GOAT perp: https://t.co/cs0E3bROyt
*Geo restrictions apply pic.twitter.com/U4BFh79Cfv
— Kraken Pro (@krakenpro) October 24, 2024
Increased Complexity and Demand for GOAT Perpetual Futures
Because of their flexibility and possible magnified returns, perpetual futures contracts appeal to seasoned traders. These agreements depend on a funding rate system that guarantees the price stays in line with the underlying asset, in this case GOAT.
It is a continuously changing product since long or short position holders have to pay a financing fee to preserve balance when the contract price differs from GOAT’s spot price. Availability of perpetual futures gives GOAT trading options more complexity and helps it to match other popular cryptocurrencies on Kraken’s platform.
Apart from Kraken, other big exchanges, including BitMEX and Binance, now provide perpetual futures for GOAT. Not only as a meme coin but also as a speculative financial product, this wider availability is a clear sign of the increasing demand in GOAT as a trading asset.
Meanwhile, GOAT is trading at about $0.6884 at the time of writing, down 8.78% over the last 24 hours. This correction comes after a period of fast price rallies, which probably set off profit-taking following the most recent news on perpetual futures listings.
On the other hand, CNF previously reported that Marc Andreessen’s $50,000 Bitcoin donation to Truth Terminal, make the GOAT value has surged remarkably over the past few days to reach a $700 million valuation.
Furthermore, as we previously noted, GOAT, along with other popular tokens such as POPCAT and MEW, topped the daily gainers list just a day ago, with spectacular double-digit percentage increases.
