Dear Users, To promote responsible development of the blockchain industry, create a healthy digital asset environment, and protect the rights and interests of our users, Phemex continuously monitors the performance of each trading pair. Phemex has been implementing a “Special Treatment (ST)” mechanism to certain listed trading pairs on the spot market in accordance with our ST rules, in order to alert users about the risk of trading such tokens. After a certain observation period, due to the low liquidity, Phemex will delist the below 16 spot trading pairs on June 14, 2023 according to the Special Treatment Rules on…

Dear Phemex Users, We are excited to announce the launch of our new Mock Trading feature on Phemex! Mock trading allows you to freely test the various functionalities of our contract trading platform without risking real funds. In response to user demand, we have developed Mock Trading to provide you with a risk-free environment to practice and familiarize yourself with our trading system. Through mock trading, you can accumulate valuable trading experience without using real assets. Key Features of Phemex Mock Trading: Trading Practice: Mock Trading offers a simulated trading environment where you can practice executing trades and test different…

Dear Users, Phemex supports Alpha Venture DAO’s rebranding to Stella. The project has now been renamed to Stella with updated name and logo, while the trading pair remains ALPHA/USDT (contract) and ALPHA/USDT (spot). The Stella project is a leveraged yield strategy protocol that works on the PAYE (pay-as-you-earn) model. Stella enables users to take leveraged positions at 0% cost to borrow. Learn more at https://stellaxyz.io Happy Trading Phemex Team

Dear Users, Phemex offers you a very convenient way to deposit fiat using bank transfer. Per regulation requirement,  please refer to below list of supported countries and restricted countries. COUNTRY FIAT DEPOSIT POSSIBLE? Afghanistan No Aland Islands No Albania No Algeria No American Samoa Yes Andorra No Angola No Anguilla No Antigua and Barbuda No Argentina Yes Armenia No Aruba No Australia Yes Austria Yes Azerbaijan No Bahamas No Bahrain No Bangladesh No Barbados No Belarus No Belgium Yes Belize No Benin No Bermuda Yes Bhutan Yes Bolivia No Bonaire Yes Bosnia-Herzegovina No Botswana No Bouvet Island Yes Brazil Yes…

Dear Users, On June 5, 2023, Phemex will adjust the tick size (minimum change in unit price) for SUSHI/USDT, SUSHI/USD,  LUNC/USDT & OMG/USDT contract trading pairs. The adjustments will be as follows: Spot Trading Pair Old Tick Size New Tick Size SUSHI/USDT 0.001 0.0001 SUSHI/USD 0.001 0.0001 LUNC/USDT 0.0000001 0.00000001 OMG/USDT 0.001 0.0001 We hope you all like the new adjustments, manage your trades accordingly and enjoy trading! Phemex Team

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…