GMGN, a major meme coin trading platform, launches public beta perpetuals trading with BTC, ETH, SOL, and other pairs at 0.045% taker fees.
DeFi & Yields ·
GMGN has entered perpetuals trading with the launch of a public beta of its derivatives product, according to co-founder Haze. The platform supports multiple asset pairs including BTC/USDC, ETH/USDC, SOL/USDC, SNDK/USDC, and ZEC/USDC. Taker fees are set at 0.045% while maker fees stand at 0.015%, with liquidity sourced from third-party market makers.
The perpetuals offering includes an additional yield mechanism that provides users with a 3.5% annualized return on account funds. GMGN has signaled plans to roll out promotional trading credits tied to the perpetuals product, though specifics on timing and structure remain unclear.
The expansion represents a shift from GMGN's primary focus on spot meme coin trading. No details have been disclosed regarding leverage levels, position limits, or the initial trading volume or adoption on the new perpetuals venue.