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.
  • Phemex is Delisting JOT/USDT from Spot Market

    Dear Users, Phemex will be delisting the JOT/USDT spot trading pair at 10:00 UTC on November 19, 2022. All pending trade orders will be automatically removed roughly 1-3 days after the delisting time. Deposits of JOT after delisting will not be credited to your account. Withdrawals of JOT 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

  • Thanksgiving Promotion: Buy/ Sell Crypto with ZERO fees through Legend Trading

    Happy Thanksgiving to all Phemex users! We are proud to present you a Fantastic Thanksgiving Gift! It’s super simple. During this campaign’s promotion period, every Phemex user can enjoy zero trading fees when buying or selling crypto through Legend Trading. Promotion Period: 10:00 UTC on Nov 17th, 2022 to 10: 00 UTC on Dec 1st, 2022 Available Fiat pairs: USD, EUR, GBP, CHF, CAD, AUD & JPY. Available Payment Methods: Bank Transfer = SWIFT, SEPA, FPS (for UK Bank), ACH (for US Bank). [Normal Fee ~ 2%, Now 0%.] Debit/ Credit Cards = Visa/ Mastercard. [Normal Fee ~ 4%, Now…

  • Hedge Mode Launch and Listing 4 USDT-margined Contracts

    Dear Users, Phemex is happy to announce that our contract trading platform now supports Hedge Mode! When traders open a position in One-Way Mode, it can only be in one direction such as Long or Short. Through Hedge Mode, users can now keep both a long and short position at the same time, enabling more advanced trading strategies to mitigate losses while requiring a lower margin outlay. For more information on Hedge Mode, read our conceptual user guide on it as well as step-by-step instructions on how to use it on Phemex. Additionally, to further support our new Hedge Mode…

  • Football Frenzy – Pick Your Team and Win $200,000, 1 BTC, iPhone 14 Pros, and more!

    Dear Users, As 32 football teams from around the globe compete to determine the world’s best, Phemex wants to give you the chance to get in on the action. Through this Football Frenzy event, you’ll have the opportunity to win huge through two different methods – by trading or by participating in our Prediction Markets. For all our diehard football fans out there, head over to Prediction Markets to forecast the outcome of the matches. The more matches you predict correctly, the more likely you’ll win the top rewards of 1 BTC, iPhone 14 Pro, and PlayStation 5! Furthermore, you…

  • Phemex has Integrated OctoBot API Tool

    Dear Users, We’re happy to inform you that as of November 15, 2022, Phemex has integrated with the first-rate API broker OctoBot. Using Octobot, users will be able to customize and execute a wide range of trading strategies on Phemex. As an open-source platform, OctoBot is highly secure, scalable, and responsive. Phemex is always seeking ways to improve your trading experience, and we’ll look to integrate even more helpful tools for our users going forward. Happy Trading! Phemex Team

  • JOT Spot Listing & Suspension of JOT Launchpad

    Dear Users, Due to recent volatile fluctuations in market situations, JOT team and Phemex have discussed and jointly decided to directly list Jot Art (JOT) on Phemex spot market instead of via Launchpad. Users do not need to hold their funds for the launchpad, and can just purchase the coin through the spot listing. Phemex will be directly listing the JOT/USDT trading pair on our spot market on November 16, 2022. JOT – Jot Art is the cross-chain metaverse to play, create, own & earn. Jot Art’s mission is to provide an ecosystem for everyone to create amazing, distributed virtual…

  • Phemex is Delisting RAY/USD and SRM/USD Contract Trading Pairs

    Dear Users, On November 15, 2022 Phemex will be delisting the RAYUSD and SRMUSD perpetual contract trading pairs. We encourage users to stop trading and close open positions as soon as you can. Here is the delisting schedule: 3:00 UTC on Nov. 15, 2022 – Phemex will only support ReduceOnly orders for RAYUSD and SRMUSD 3:30 UTC on Nov. 15, 2022 – All orders and trading for these two trading pairs will be closed. All positions still open for these two trading pairs after 03:30 UTC will be closed based on the asset’s average mark price in the 30-minute time…

  • Deposit & Gain Power of The Crimson – $3,000 Cashback To Be Won!

    Dear Phemexers, It seems that the Phemex Alliance discovered a magical mine, and in the mine there was a sparkling gem called the Crimson. Legend has it that whoever gets the scarlet gem will have supreme power, and will become the ultimate trader of them all! In order to gain this power, the Phemex Alliance advocates for everyone to deposit, let’s make the Crimson happy so we can all benefit from its mighty power! Check out what rewards you can receive below when you deposit during this campaign. How It Works Fill in your UID and follow our official social…

  • Phemex is Delisting FTTUSD Contract Trading Pair

    Dear Users, On November 14, 2022 Phemex will be delisting the FTT/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: 3:00 UTC on Nov. 14, 2022 – Phemex will only support ReduceOnly orders for FTT/USD 3:30 UTC on Nov. 14, 2022 – All orders and trading for this pair will be closed. All positions still open for this trading pair after 03:30 UTC will be closed based on the asset’s average mark price in the 30-minute time period from 03:00 UTC to 03:30 UTC…

  • Phemex – Putting our Community first through Trust and Transparency

    Dear Phemex Users, The recent events in our industry have been incredibly distressing and heartbreaking to watch. We stand compassionately with all those affected and share in your shock. The widespread repercussions have undoubtedly affected us all in some way. At Phemex, we’ve reflected carefully on our roles and responsibilities as a leader in this space and would like to take this opportunity to state some of our practices and positions transparently. Above all else, we remain fully committed to ensuring that nothing of this nature can ever happen to you as our customer. We’d like to start by addressing…

  • 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