On October 23, 2024, Bitget made a strategic move by introducing a U-standard GOAT perpetual contract, significantly expanding trading options for GOAT token investors.
The exchange in their announcement has implemented this new trading pair as GOATUSDT, offering traders enhanced flexibility with up to 20x leverage capabilities.
This development represents a major milestone in GOAT’s trading infrastructure, providing both retail and professional traders with more sophisticated trading instruments. The simultaneous launch of contract strategy trading further enriches the trading ecosystem around the GOAT token.
Market Performance and Valuation
Goatseus Maximus (GOAT) has demonstrated remarkable market performance, with its price reaching $0.6992 and generating a substantial 24-hour trading volume of $341,375,323.
The token has shown impressive growth metrics, marking a significant 62.43% increase in just 24 hours and an even more substantial 156.57% gain over the past week.
With a circulating supply of 1 Billion GOAT tokens, the project has achieved a notable market capitalization of $680,866,553, positioning it as a significant player in the memecoin sector. These figures reflect strong market interest and growing investor confidence in the GOAT ecosystem.
Technical Specifications and Trading Parameters
The newly launched perpetual contract comes with carefully designed parameters to ensure optimal trading conditions. The contract features a minimum price change of 0.0001, maintaining precision in price movements.
The funding settlement occurs every eight hours, providing regular reconciliation of positions. Operating on a 24/7 basis, the contract ensures continuous trading opportunities for global participants.
Bitget maintains the flexibility to adjust these parameters, including the minimum price change, maximum leverage, and maintenance margin rates, based on market risk conditions to ensure trading stability and security.
Contract Structure and Account Integration
Bitget’s comprehensive contract offering now includes three main categories: U-based contracts, currency-based contracts, and USDC contracts. A notable feature of this system is the USDT account interconnection function, which enables traders to use USDT to simultaneously trade multiple currency pairs.
This integration creates a unified account system where multiple contracts share the same account’s rights and interests, with profits, losses, occupancy, and risks being managed collectively.
This structure provides traders with enhanced portfolio management capabilities and improved capital efficiency while trading GOAT and other available pairs on the platform.