Dear Users, To promptly give our traders access to the hottest projects, Phemex is planning to list BLUR/USDT as a new spot trading pair on February 14, 2023 at 18:00 UTC. BLUR – An NFT marketplace for pro traders. As an innovative NFT trading platform, Blur lets users sweep and list across marketplaces, snipe reveals, and manage their portfolio faster than anywhere else. Learn more at https://blur.io/ Happy trading! Phemex Team

Dear Users, Phemex is delisting the BNX/USD and BNX/USDT perpetual contract trading pairs on February 11, 2023. We encourage users to stop trading and close open positions as soon as you can. Here is the delisting schedule: 7:30 UTC on Feb. 11 – Phemex will only support ReduceOnly orders for BNX/USD and BNX/USDT contracts 8:00 UTC on Feb. 11 – All orders and trading for these trading pairs will be closed. All positions still open for these pairs after 8:00 UTC will be closed based on the asset’s average mark price in the 30-minute time period from 7:30 UTC to…

Margin trading allows users to trade with leverage on the Phemex spot market by using borrowed funds. This feature increases purchasing power and magnifies returns on profitable trades relative to ordinary spot trading. Funds used to open a margin trading position consist of the margin – which refers to the borrowed funds, and the collateral – which the trader puts up themselves. Interest must be paid on the borrowed funds so when the position is closed, proceeds are used to first repay the margin loan. You can read more about margin trading on our Blog article – What is Margin…

Dear Users, Phemex is listing 3 new spot trading pairs – HOOK/USDT, AGIX/USDT, and GMX/USDT at 10:00 UTC on February 10, 2023. HOOK – Hooked Protocol is building the on-ramp layer for massive Web3 adoption, providing tailored Learn & Earn products and onboarding infrastructures for users & businesses to enter the new world of web3. Learn more at https://hooked.io/ AGIX – SingularityNET is a blockchain-powered platform that allows anybody to easily “create, share, and monetize” AI services, thanks to its globally-accessible AI marketplace. Learn more at https://singularitynet.io/ GMX – GMX is a decentralized spot and perpetual exchange that supports low…

As a new feature now available on the Phemex, margin trading allows users to trade with leverage on the spot market using borrowed funds. For more information on what margin trading is, check out What is Margin Trading? Here is a step-by-step guide on how to margin trade on Phemex. Enabling Margin Trading and Placing Order Register or make sure you’re logged into your Phemex account In order to margin trade, you must first enable the feature. Visit your Assets overview page and go to your Margin Trading Account. Click the button Enable Margin Trading. After clicking, you will be…

Dear Users, On February 6, 2023, Phemex will be implementing a Special Treatment (ST) feature in order to better protect our users and promote the responsible development of the blockchain industry. Through this feature, a “ST” warning tag will be placed next to ticker symbols of designated projects on the spot market that are deemed to be at risk for delisting, typically due to poor liquidity or other risk factors. If a listed project meets the criteria listed below, then Phemex is entitled to tag the project with “ST” (Special Treatment) symbol. This means that the project will be carefully…

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 listed project. The “Special Treatment” (“ST”) mechanism is widely used by crypto exchanges for projects at risk of being delisted, designating them as being under mandatory review over a specified period.  Phemex will be implementing a “Special Treatment (ST)” mechanism to certain listed projects on the spot market in accordance with our ST rules in order to alert users about the risk of trading such tokens. If the project meets…

Dear Users, At 10:00 UTC on February 6, 2023 Phemex is listing six new linear contract trading pairs that are all USDT-margined. These new listings are: T/USDT (Threshold) FXS/USDT (Frax Share) FET/USDT (Fetch.ai) RNDR/USDT (Render Token) HIGH/USDT (Highstreet) DAR/USDT (Mines of Dalarnia) These 6 trading pairs all support hedge mode, which allows you to keep both a long and short position at the same time. Doing so enables more advanced trading strategies to mitigate losses while requiring a lower margin outlay. Happy Trading! Phemex Team

Dear Users, We’re happy to announce that as of February 1, 2023, Phemex has integrated with BitTab – a leading crypto tracker tool. BitTab is an intuitive cryptocurrencies and NFTs tracker widget for Windows. Use it to track your Phemex assets on your desktop screen. It shows real-time prices of coins and NFTs from famous exchanges. Phemex is always seeking ways to improve your trading experience, and we’ll look to incorporate even more helpful tools for our users going forward. Happy Trading! Phemex Team

Dear Users, As a show of gratitude for your support of Phemex, we’re hosting an awesome giveaway through our P2P trading platform. Phemex P2P makes it easy for you to smoothly and safely obtain cryptocurrency using fiat, by connecting with other peer-to-peer traders. Whether you’re a P2P newbie or experienced user, anybody can win from the $3,100 prize pool. Hurry because rewards are distributed on a first-come, first-serve basis! Follow the steps below to participate: Visit Phemex.com and register on our platform (if you don’t have Phemex account) Trade and post Ads on the Phemex P2P trading platform during the…

Dear Users, Phemex will be listing MAGIC/USDT on our spot market at 10:00 UTC on January 31, 2023. MAGIC – Treasure is a decentralized video game console connecting games and communities together through bottom-up driven IP and infrastructure. Underpinning the Treasure ecosystem is MAGIC, a fair launch token which powers key infrastructure and acts as a reserve asset across partner ‘game cartridges’. Find more details on MAGIC here: https://treasure.lol/ Happy trading! Phemex Team

Dear users, On January 19, 2023, Phemex will adjust contract risk limits, ticker sizes, and order quantities for certain perpetual contracts. Risk limits are imposed to help clients manage their risks because the larger a position is, the smaller the leverage allowed. As our user base grows more advanced, we will continue to tweak risk limits & leverage to allow greater flexibility and better user experience. Please find our newly adjusted risk limits and ticker sizes below: New risk limits for Inverse ETHUSD perpetual contract: Position Max Leverage IM% MM% 200 ETH 100 1% 0.5% 1,200 ETH 50 2% 1%…