BitMEX Launches LAUNCHCOINUSDT Perpetual Swap with Up to 12.5x Leverage for SocialFi Token Exposure

Published: 2025-05-15 04:42:07 |

BitMEX has introduced the LAUNCHCOINUSDT perpetual swap, enabling traders to access leveraged trading of LAUNCHCOIN, the native token of the ’Believe’ SocialFi platform. The contract allows up to 12.5x leverage, with trading commencing at 04:00 UTC on May 15, 2025. This linear perpetual swap is margined and settled in USDT, letting traders speculate on LAUNCHCOIN price movements without directly holding the token. Key contract details include a contract size of 0.01 LAUNCHCOIN, a lot size of 100, and uniform maker/taker fees of 0.05%. The initial margin is set at 8% and the maintenance margin at 4%. LAUNCHCOIN supports projects launched on the Believe platform, which facilitates social token fundraising via engagement on X (formerly Twitter). This launch expands BitMEX’s range of derivatives products and enhances its offerings of leveraged SocialFi token trades. The new listing is expected to drive higher trading activity and liquidity for LAUNCHCOIN on BitMEX, broadening traders’ access to emerging SocialFi tokens through high-leverage instruments.

Bullish

The listing of LAUNCHCOINUSDT perpetual swaps on BitMEX with up to 12.5x leverage is likely to be seen as bullish for LAUNCHCOIN in the short term. Similar derivatives launches typically enhance market liquidity, attract new traders, and increase trading volumes, potentially leading to increased price volatility and interest. The association with the SocialFi platform Believe, as well as the contract’s user-friendly structure (USDT-margined, no need to hold the underlying coin), is expected to draw traders looking for exposure to trending sectors. While heightened leverage and new product releases generally spark immediate trading activity, long-term price sustainability will depend on LAUNCHCOIN adoption and ongoing demand for SocialFi assets. Overall, the short-term outlook is bullish as the new derivative provides traders with more ways to access and trade LAUNCHCOIN.