BitMEX Launches LAUNCHCOIN-USDT Perpetual Swap with 12.5x Leverage: BitMEX, one of the leading cryptocurrency derivatives exchanges, has just announced the launch of its new perpetual swap contract: LAUNCHCOIN-USDT with 12.5x leverage. This move comes as the exchange expands its altcoin offerings, providing traders with more opportunities to capitalize on volatile markets.
In this article, we’ll break down:
✔ What LAUNCHCOIN-USDT is and why it matters
✔ How to trade this new perpetual swap
✔ Key risks and strategies for high-leverage trading
✔ How BitMEX’s latest offering compares to competitors
What Is LAUNCHCOIN-USDT Perpetual Swap?
BitMEX’s new LAUNCHCOIN-USDT perpetual swap allows traders to speculate on the price of LAUNCHCOIN (a high-potential altcoin) against Tether (USDT) with:
- Up to 12.5x leverage
- No expiry date (unlike futures contracts)
- Inverse or linear settlement options
Why This Listing Matters
🔹 Increased Altcoin Exposure: Traders can now bet on LAUNCHCOIN without holding the asset.
🔹 High Leverage: 12.5x provides amplified profit (and loss) potential.
🔹 Liquidity Boost: BitMEX’s deep order books reduce slippage.
How to Trade LAUNCHCOIN-USDT on BitMEX
Step-by-Step Guide
1️⃣ Log in to BitMEX (http://www.bitmex.com)
2️⃣ Navigate to “Perpetual Contracts” and select LAUNCHCOIN-USDT
3️⃣ Choose Leverage (1x to 12.5x)
4️⃣ Place Order (Limit/Market)
5️⃣ Monitor Position & Set Stop-Loss
Key Features
✔ Funding Rate: Adjusts every 8 hours (longs/shorts pay/receive)
✔ Liquidation Risk: Higher leverage = smaller price move to trigger margin call
✔ Trading Fees: Maker (-0.025%) / Taker (0.075%)
Risks of Trading LAUNCHCOIN-USDT with 12.5x Leverage
⚠ Extreme Volatility: Altcoins can swing 20%+ in hours.
⚠ Liquidation Risk: A 8% move against your position could wipe out capital.
⚠ Funding Costs: Negative funding rates can erode profits.
Risk Management Tips
✔ Use Stop-Loss Orders (Avoid emotional exits)
✔ Start with Lower Leverage (5x-10x)
✔ Monitor Funding Rates (Avoid holding during high negative rates)
How Does BitMEX’s LAUNCHCOIN-USDT Compare to Competitors?
| Exchange | Max Leverage | Funding Rate | Liquidity |
|---|---|---|---|
| BitMEX | 12.5x | Every 8h | High |
| Binance | 10x | Every 8h | Very High |
| Bybit | 10x | Every 8h | Medium |
| OKX | 5x | Hourly | Medium |
Verdict: BitMEX offers higher leverage than most, but traders should compare liquidity and fees.
Should You Trade LAUNCHCOIN-USDT?
Best For:
✅ Experienced traders comfortable with leverage
✅ Short-term speculators betting on LAUNCHCOIN volatility
✅ Hedgers looking to offset spot positions
Avoid If:
❌ New to derivatives trading (Start with lower leverage)
❌ Unfamiliar with LAUNCHCOIN fundamentals
❌ Risk-averse investors
Conclusion
BitMEX’s LAUNCHCOIN-USDT perpetual swap at 12.5x leverage presents an exciting but high-risk opportunity for traders. While the potential for outsized gains exists, the risks of liquidation and volatility demand caution, strict risk management, and experience.
