WuBlockchain
GMGN co-founder Haze said the platform has launched the public beta of its perpetual trading product. Initial markets include BTC/USDC, ETH/USDC, SNDK/USDC, SOL/USDC and ZEC/USDC, among others. Liquidity comes from third-party market makers.
Why it matters
The launch broadens GMGN's role from meme-coin trading into perpetuals, a derivatives segment that can attract more frequent and sophisticated activity. The platform is entering with both major crypto markets and additional listings, including SOL and ZEC pairs.
Market impact
GMGN set taker fees at 0.045% and maker fees at 0.015%. It also offers a mechanism providing a 3.5% annualized return on account funds and plans to add promotional trading credits for perpetuals. The beta's reach will depend on liquidity quality, trading costs and how quickly GMGN expands its market lineup.
Frequently asked questions
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What did GMGN launch?
GMGN launched the public beta of a perpetual trading product, expanding its platform beyond meme-coin trading into derivatives.
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Which markets does GMGN's perpetual beta support?
Initial markets include BTC/USDC, ETH/USDC, SNDK/USDC, SOL/USDC and ZEC/USDC, among others.
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Who provides liquidity for GMGN's perpetual markets?
GMGN co-founder Haze said liquidity is provided by third-party market makers.
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What fees does GMGN charge for perpetual trading?
GMGN set taker fees at 0.045% and maker fees at 0.015%.
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What additional incentives is GMGN offering?
GMGN offers a mechanism providing a 3.5% annualized return on account funds and plans to introduce promotional trading credits for perpetuals.
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