Bullish
MGBX Lists GSUSDT, SMHUSDT, PYPLUSDT Perpetuals with 25x Leverage
2026-08-04 15:51
MGBX launches three new perpetual contract pairs on August 4, offering up to 25x leverage for assets linked to Goldman Sachs, VanEck Semiconductor ETF, and PayPal.
Woofun AI reports that MGBX will launch GSUSDT, SMHUSDT, and PYPLUSDT perpetual contract trading pairs at 18:00 SGT on August 4, 2026. The platform supports leverage of up to 25x for these new instruments.
The SMHUSDT contract tracks the VanEck Semiconductor ETF, a major global fund focused on the semiconductor sector. GSUSDT relates to Goldman Sachs, a leading investment bank established in 1869. PYPLUSDT corresponds to PayPal, an electronic payment provider spun off from eBay in 2015.
WOOFUN AI
Impact Assessment · Quick Read
The listing of these perpetual contracts expands MGBX's product suite to include derivatives tied to traditional financial giants and sector-specific ETFs. By offering 25x leverage, the platform may attract traders seeking exposure to institutional assets like Goldman Sachs and PayPal within a crypto-native environment. This move could increase trading volume for these specific pairs, though it also introduces higher liquidation risks for leveraged positions.
Generated by WOOFUN AI · For reference only, not investment advice
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