Dear Users, Phemex now offers USDT-margined perpetual contracts, allowing traders to open long and short positions with no expiration date that will be settled in USDT. These perpetual contracts are priced in USDT, and all margin, profit, and loss are also calculated in USDT. Take the BTC/USDT pair for example, if a trader holds a long position on a 1 BTC contract and the price of BTC rises by $100, then the trader’s profit is 100 USDT. Below are some specific advantages that USDT-margined contracts provide, and we fully recommend that you trade them. 1) More Precise Price Accuracy For…

Dear Users, Phemex has completed the token swap of BinaryX (BNX). Phemex has recovered all BNXOLD balances and finished the distribution of BNX to all eligible users at a ratio of 1 BNXOLD = 100 BNX. (The old BNX token has assumed BNXOLD as the ticker on Phemex.) The deposit and withdrawal services are now open. Phemex will list the BNX/USDT trading pair on our spot market at 10:00 UTC on March 7, 2023. Please note: The deposit and withdrawal services for BNXOLD tokens are no longer available. For further information on the token swap, please refer to: Phemex Will…

Dear Users, At 11:00 UTC on March 7, 2023 Phemex will list the RLC/USDT trading pair on our spot market. RLC – iExec is the pioneer in blockchain-based decentralized computing. With blockchain, a market network is established where users can charge for their computing power, programs, and datasets. Learn more at https://iex.ec/ Happy trading! Phemex Team

Dear Users, At 10:00 UTC on Mar. 7, 2023 Phemex is listing HBAR/USDT, CKB/USDT, AMB/USDT and RLC/USDT as new linear contract trading pairs that are all USDT-margined and support hedge mode. HBAR/USDT – Hedera is a decentralized, open-source, proof-of-stake public ledger that utilizes the leaderless, asynchronous Byzantine Fault Tolerance (aBFT) hashgraph consensus algorithm. Learn more at: https://hedera.com/ CKB/USDT – The Nervos Network is an open source public blockchain ecosystem and collection of protocols creating the foundation for a universal internet-like public network. Learn more at: https://www.nervos.org/ AMB/USDT – Powered by the Ambrosus Network blockchain with minimal transaction fees, AirDAO is…

Hedge Mode is a new function available on Phemex’s Contract Trading platform. Hedge Mode allows you to keep a long and short position at the same time for your trading pair. To understand more about Hedge Mode, check out What Is Hedge Mode & Its Benefits? You can also check out How Do I Use Hedge Mode? for Phemex Web here. Here is a step-by-step guide on how to use Hedge Mode on the Phemex App. Register or make sure you are logged into your Phemex account. After you’ve logged into the Homepage of the app, tap on Contract in…

Dear Users, Phemex will support the BinaryX (BNX) token swap. Further details are as follows: Before 10:00 UTC on March 6, 2023, Phemex will recover all BNXOLD balances and begin the distribution of BNX to all eligible users at a ratio of 1 BNXOLD = 100 BNX. (The old BNX token has assumed the BNXOLD ticker on Phemex.) Phemex will make a separate announcement after the token swap is complete to notify users when deposit and withdrawal services of BNX will be opened. The deposit and withdrawal services for BNXOLD tokens are no longer available. At 10:00 UTC on March…

Dear Users, Due to node upgrades on the Terra blockchain, deposit and withdrawal services for LUNC tokens are temporarily suspended to ensure the safety of your assets. We apologize for any inconvenience and thank you for your patience. These services will be reopened as soon as possible. Phemex Team

Dear Users, At 10:00 UTC on March 2, 2023 Phemex will be listing 7 new spot trading pairs. 5 of these are highly significant to the Arbitrum ecosystem (GRAIL, DPX, SYN, GNS, RDNT). Below are the seven pairs to be listed: GRAIL/USDT – Camelot is an innovative, flexible, community-driven, and capital efficient DEX built to support the Arbitrum ecosystem. Learn more at https://camelot.exchange DPX/USDT – Dopex is a decentralized options protocol that targets liquidity maximization while minimizing losses for option writers and maximizing gains for option buyers. Learn more at https://www.dopex.io SYN/USDT – Synapse is an interoperability protocol designed for…

Dear Users, We’re super excited to unveil the launch of our new margin trading feature for the spot market. Users will now be able to take leverage up to 5x while trading spot by borrowing against collateral and trading on margin. Here are some nifty benefits you’ll receive from Phemex margin trading: Trade on leverage without having to sell your coins! Simply borrow against them instead. Compared to other margin trading services, Phemex offers super low interest rates so you can borrow for cheap. We support partial liquidations on margin trading. This means that when your risk level reaches the…

Dear Users, At 10:00 UTC on Mar. 1, 2023 Phemex is listing the new contract trading pair SSV/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. SSV – ssv.network is a decentralized staking infrastructure that enables the distributed operation of an Ethereum validator. This is achieved by splitting a validator key between four or more non trusting node instances. Learn more at https://ssv.network/ Happy trading! Phemex Team

Dear users, Please note that Phemex plans to perform an upgrade to USDT-margined, USD-margined, BTC-margined, and ETH-margined perpetual contract trading services from 2:30 – 5:30 UTC on Feb 28, 2023. The impact window for any one individual account is about 15 minutes, and the total upgrade will take roughly 3 hours. During this period, you may experience order rejection, timeout, or delays in deposit, withdrawal, or report retrieval activities. Appreciate your support and understanding. Phemex Team

Dear Users, At 10:00 UTC on Feb. 27, 2023 Phemex will list the CFX/USDT trading pair on our spot market. CFX – Conflux is a high throughput first layer consensus blockchain that utilizes a unique Tree-Graph consensus algorithm, enabling the parallel processing of blocks and transactions for increased throughput and scalability. Learn more at https://confluxnetwork.org/ Happy trading! Phemex Team