Dear Users, Phemex is delisting the GPT/USDT perpetual contract trading pair on May 30, 2023. We encourage users to stop trading and close open positions as soon as you can. Here is the delisting schedule: 14:30 UTC on May 30 – Phemex will only support ReduceOnly orders for the GPT/USDT contract. 15:00 UTC on May 30 – All orders and trading for this trading pair will be closed. All positions still open for this pair after 15:00 UTC will be closed based on the asset’s average mark price in the 30-minute time period from 14:30 UTC to 15:00 UTC on…

Credit/Debit Cards represent a secure method of selling crypto, especially via Visa and MasterCard. Here is a step-by-step guide on how to sell crypto with credit/debit card: Register or make sure you are logged into your Phemex account. On the header menu, hover over ‘Buy Crypto’ and click ‘Credit/Debit Card’. NOTE: *Completion of KYC Identity Verification is mandatory for selling via Credit/Debit Card 1. Select  “SELL” order type, choose the desired fiat currency from the drop-down menu, then enter the amount of crypto you want to sell. I will receive field will auto-populate based on the crypto amount and currencies selected. Click the Sell button when ready. Notes： Only support USDT selling,and…

Here is a step-by-step guide on how to One-Click sell crypto: Register or make sure you are logged into your Phemex account. On the header menu, hover over ‘Buy Crypto’ and click ‘One-Click Buy/Sell Crypto’. NOTE: *Completion of KYC is mandatory for Crypto Sell. 1. Select your desired cryptocurrency and “SELL” order type, choose the desired fiat currency and crypto type from the drop-down menu, then enter the amount of crypto you want to sell. I will receive field will auto-populate based on the crypto amount and currencies selected. Click on the drop-down menu to find and select your desired cryptocurrency. Click the Sell button when ready. Notes: For Credit/Debit Card…

Dear Users, Phemex has adjusted the tick size (minimum change in unit price) for RED/USDT and PRMX/USDT spot trading pairs. The adjustments are as follows: Spot Trading Pair Old Tick Size New Tick Size RED/USDT 0.0000001 0.00000001 PRMX/USDT 0.000001 0.00000001 We hope you all like the new adjustments, manage your trades accordingly and enjoy trading! Phemex Team

Dear Users, At 10:00 UTC on May 24, 2023 Phemex will be listing the new contract trading pair ORDI/USDT. This contract pair is linear USDT-margined and supports hedge mode, which allows you to keep both a long and short position at the same time. ORDI – What the Ordinals protocol does is to write information to each Satoshi, such as text, pictures, audio and video, etc.  The inscription does not need to use a separate token, side chain or change Bitcoin. Learn more at https://ordinals.com/ Happy trading! Phemex Team

Dear Users, We will be clearing the bonus balances in inactive accounts. This aims to promote account activity and ensure the fair distribution of resources. Key details: Clearing Date: May 22, 2023 Targeted Accounts: Inactive accounts without any activity over the past year Procedure: Resetting or reclaiming bonus balances We apologize for any inconvenience caused, but this step will enhance our platform’s overall performance and user experience. By clearing bonus balances in inactive accounts, we can redirect these resources to active users, creating more value for everyone. If you have an inactive account, we encourage you to log in and…

Dear Phemexers, Phemex currently has over 170 USDT-margined contracts that we recommend you trade in order to enjoy better price accuracy, market depth, liquidity, and other benefits. Every available USD-margined contract now has a USDT-margined alternative. We encourage all users to transition to trading USDT-margined contracts for a better trading experience. On June 15, 2023 Phemex will be delisting 26 USD-margined linear contract trading pairs. We are informing users more than two weeks ahead of time to encourage you to stop trading and close open positions as soon as you can. The twenty-six pairs to be delisted are: DYDXUSD AVAXUSD…

Dear Users, At 10:00 UTC on May 18, 2023 Phemex will be listing the new spot trading pairs 10000LADYS/USDT and TURBO/USDT. LADYS – The meme coin of the Milady NFT collection. LADYS is appropriating the tokenisation model to facilitate the accumulation of meme capital in the era of unstoppable meme coins. Learn more at https://milady.gg/ TURBO – Turbo Token is the first memecoin created by AI. The founder asked GPT-4 to create the token with just an initial budget of $69. Learn more at https://sites.google.com/view/turbotoad Happy trading! Phemex Team

Dear Users, At 10:00 UTC on May 23, 2023 Phemex will be listing the new contract trading pair 10000LADYS/USDT. This contract pair is linear USDT-margined and supports hedge mode, which allows you to keep both a long and short position at the same time. LADYS – The meme coin of the Milady NFT collection. LADYS is appropriating the tokenisation model to facilitate the accumulation of meme capital in the era of unstoppable meme coins. Learn more at https://milady.gg/ Happy trading! Phemex Team

Dear users, On May 16, 2023, Phemex will also adjust our contract position limit for the CRV/USDT contract trading pair. We impose position limits to help clients manage their risks, have greater flexibility and enjoy a better user experience. Here is the newly adjusted position limits for CRV/USDT contract: Previous Position Limit New Position Limit 25,000 50,000 37,500 75,000 50,000 100,000 62,500 125,000 75,000 150,000 87,500 175,000 100,000 200,000 112,500 225,000 125,000 250,000 137,500 275,000 150,000 300,000 162,500 325,000 We hope you all like the new adjustments, manage your trades accordingly and enjoy trading! Phemex Team

Following the smart contract migration of the VOLT INU project, deposits and withdrawals of VOLT have now been resumed on Phemex.

Dear Users, In order to improve our user experience and trading liquidity, Phemex plans to upgrade our Copy Trading feature between May 22 – May 29, 2023. After the upgrade, Phemex copy trading will support many USDT-margined contract trading pairs with more to be added in the future. Details are as follows: 2:00 UTC on May 22 Stop all new copy trading requests for USD-margined trading pairs. When top traders open or add to USD-margined positions, copy trading mechanisms will no longer be triggered (note that this only impacts copy trading function, the actual position will still be opened or…