Phemex Blog
Phemex Crypto Blog: Learn the latest news, updates, and industry insights on bitcoin futures, bitcoin trading, crypto derivatives exchange, and related blockchain technology.
  • Adjustments to Tick Size for 27 Linear Contracts

    Dear Users, In order to increase market liquidity and improve trading experience, Phemex will be adjusting the tick size (minimum change in unit price) for 27 contract trading pairs on November 11, 2022. All 27 are linear, USD-margined contract pairs. The adjustments will be as follows: Contract Trading Pair Old Tick Size New Tick Size FTTUSD 0.01 0.0001 APTUSD 0.001 0.0001 1000LEVERUSD 0.001 0.0001 1000SPELLUSD 0.001 0.0001 THETAUSD 0.001 0.0001 KNCUSD 0.001 0.0001 KAVAUSD 0.001 0.0001 100000SHIBUSD 0.001 0.0001 MATICUSD 0.001 0.0001 ETCUSD 0.01 0.001 AVAXUSD 0.01 0.001 MTLUSD 0.001 0.0001 ZENUSD 0.01 0.001 FILUSD 0.01 0.001 GMTUSD 0.001 0.0001…

  • Phemex is Delisting VPAD from Spot Market

    Dear Users, Phemex is delisting VPAD/USDT from the spot market at 10:00 UTC on November 15, 2022. All pending trade orders will be automatically removed roughly 1-3 days after the delisting time. Deposits of VPAD after delisting will not be credited to your account. Withdrawals of VPAD from Phemex will continue to be supported until further notice. We thank you for your support as we continue to build the crypto ecosystem in a way that promotes transparency and long-term, sustainable growth. The Phemex Team

  • Phemex to Adjust the Funding Interval for SOLUSD and FTTUSD Contracts

    Dear Users, Due to volatile market conditions, Phemex will adjust the funding interval of SOLUSD and FTTUSD contract trading pairs from 8 hours to 2 hours, starting at 16:00 UTC on November 10, 2022. Note that the old interval may still be temporarily displayed on APP version, and this will be rectified during next week’s APP upgrade. The actual funding interval for these two contracts will be 2 hours across the entire platform starting at 16:00 UTC on Nov. 10. Thank you for your support and understanding. Phemex Team

  • Phemex is Delisting TRYB Contract Trading Pair

    Dear Users, On November 10, 2022 Phemex will be delisting the 100TRYB/USD perpetual contract trading pair. We encourage users to stop trading and close open positions as soon as you can.: Here is the delisting schedule: 9:30 UTC on Nov. 10, 2022 – Phemex will only support ReduceOnly orders for 100TRYB/USD 10:00 UTC on Nov. 10, 2022 – 100TRYB/USD gets delisted from Phemex. All orders and trading for this pair will be closed. All positions still open for this trading pair after 10:00 UTC will be closed based on the asset’s average mark price in the 30-minute time period from…

  • New Spot Listing – HFT

    Dear Users, Phemex will be listing HFT/USDT on our spot market at 12:00 UTC on November 10, 2022. HFT – Hashflow is a decentralized exchange that allows users to trade any asset on any chain in seconds simply by connecting their wallet. All trades are commission-free, and all price quotes are executed at their displayed price, giving you the most value for your buck on every trade. Find more details on HFT here: Happy trading! Phemex Team

  • New Spot Listing – PLCU

    Dear Users, Phemex will be listing PLCU/USDT on our spot market at 12:00 UTC on November 9, 2022. PLCU – PLC Ultima (PLCU) is a mass-use crypto tool that aims to provide users with access to global financial infrastructure and instant payments around the world. The project combines the stability of proven business models with the innovative approach of blockchain technology, bridging the gap between the crypto industry and the traditional form of business Find more details on PLCU here: Happy trading! Phemex Team

  • Deposit for Luxury – Get Phemex VIP by Depositing Now

    Dear Users, When times get uncertain, Phemex will always be here to support our users. We want you to experience the best service that the cryptosphere has to offer. That’s why for a limited time only, you can achieve Phemex VIP status just for depositing to your spot wallet! Whether you’re a new or existing user, this is your chance to get up to VIP level 5 and the massive fee discounts that come with it. How It Works Register for a Phemex account if you don’t have one already Fill in this Google Form to participate During the event…

  • New Spot Listing – WCI

    Dear Users, Phemex will be listing WCI/USDT on our spot market at 10:00 UTC on November 14, 2022. WCI – World Cup Inu is the first token on ETH to support the World Cup! Where holders can participate and bet amongst each other! You can participate in the lottery and win the pool. WCI is one-of-a-kind betting portal for Web3.0 betting. Find more details on the WCI here: Happy trading! Phemex Team

  • Phemex to Release Merkle-tree Proof-of-Reserves

    Dear Crypto Community, The safety and availability of user funds should always be of utmost importance for any crypto platform. That’s why Phemex has always kept 100% of user funds in safe reserves. In keeping with the blockchain ethos of transparency, we will be publishing Merkle-tree Proof-of-Reserves within 30 days to further strengthen user confidence in our platform and in the wider crypto industry. We will work carefully to ensure that all information and data we provide to users are completely accurate. Phemex Team

  • New Spot Listing – GLEEC

    Dear Users, Phemex will be listing GLEEC/USDT on our spot market at 9:00 UTC on November 9, 2022. GLEEC – Gleec is a semi-decentralized digital ecosystem powered by the blockchain. It enables money to be sent online efficiently, securely, and immediately. Find more details on GLEEC here: Happy trading! Phemex Team

  • Learn & Earn 4th Module Released!

    Dear Traders, We’re excited to have released the fourth module of our Learn & Earn educational program! This module contains four brief yet informative lessons on how to buy or transfer crypto on Phemex. Best of all, you’ll earn some handy USDT for completing each lesson and passing a short quiz. Complete all courses for 3.20 USDT!! Earn your Free Crypto Now   In this newly released module about crypto derivatives, you’ll learn about: Derivatives Perpetual Contracts Leverage and Liquidation Margin If you haven’t yet, you can also complete our first three modules on Fiat vs. Cryptocurrency, How to Buy…

  • Phemex: Crypto Safe Haven – Join now for VIP+2 Level Benefits

    Dear Crypto Community, When “wars” break out between crypto brokers, the value of platform assets can just vaporize into the thin air. Need a safe place to trade and keep your crypto assets? Phemex is the professional, reliable exchange that can serve as your safe haven during the platform token bloodbath. At Phemex, we do not move or invest customers’ trading funds so we have 100% of your trading funds in reserve. This means that you won’t ever see a “bank run” situation on our platform, even if many users withdraw at the same time. Instead of platform tokens, we…