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.
  • State Licenses

    Phemex . (NMLS 2222013) maintains licenses to engage in money transmission activities in many states, and these licenses may impact our provision and your use of certain Phemex Services depending on where you live. For questions or complaints about Phemex, contact the state regulatory agencies identified below or the Consumer Financial Protection Bureau at (855) 411-2372, (855) 729-2372 (TTY/TDD) or

  • Phemex X LOT 2nd Competition Winners!

    Dear Traders, The Phemex 2nd Trading Competition has concluded and we would like to take this chance to thank all of you who participated and also congratulate all the winners. In this competition, 244 participants competed for 0.8BTC. Rank and Prize ?1st: 0.28 BTC – Maximus 834.90% ?2nd: 0.2 BTC – Pleoxrp 681.29% ?3rd: 0.12 BTC – dujolijo 442.90% ?4th: 0.04 BTC – Bkanbour 322.71% ?5th: 0.04 BTC – pragati 252.35% ?6th: 0.024 BTC – olegik 172.13% ?7th: 0.024 BTC – NJ 170.51% ?8th: 0.024 BTC – (sin)future7 138.22% ?9th: 0.024 BTC – MarginCoBin 95.87% ?10th: 0.024 BTC – Jared…

  • Where’s Pizza Guy?

    Dear Traders, As many of you may know, May 22nd is when we celebrate ?Bitcoin Pizza Day?. If you’re not familiar with the story, more than 10 years ago, the programmer Laszlo Hanyecz spent 10,000 BTC to purchase a couple of pizzas. As of the time of this writing, that amount of BTC is roughly worth $560 million US Dollars. Although Hanyecz has stated he isn’t regretful in past interviews, we’d still like to do something special for him this year. In the spirit of giving back to the one person who helped kick things off with the very first…

  • Updates to the Phemex Referral Program

    Dear Traders, To reduce exposure to phishing websites and prevent any misidentification of our official Phemex domain, we will implement new policies and monitor accounts more stringently. Account referral commissions will be disqualified if we detect any of the methods listed below: Redirected from any third-party websites or social media accounts imitating Phemex. Including but not limited to the following situations: Redirected from pages similar to, with an excessive amount of Phemex logos and/or other content; Redirected from accounts attempting to imitate Phemex’s social media accounts (Twitter, Facebook, Instagram, TikTok, etc); Redirected from URLs that are similar to the…

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  • Phemex Crypto Talk Episode 3 Recap

    Dear Traders, The third episode of the Phemex Crypto Talk livestream is out. Special thanks to everyone that tuned in and to the participants that made it possible: @CanteringClark (Ryan) @FeraSY1 (Feras) @KoroushAK (Koroush) @Josh_Rager (Josh) @jack_Phemex (Jack) For this episode we included current Phemex Trader’s Arena Captains. They discuss and share strategies to help you succeed in our exciting competition. For your convenience, we’ve timestamped and listed all the major sections of the livestream. You can also watch the full video below. Phemex Trader’s Arena Guest Introductions Competition Trading VS Normal Trading Why Avoid Swing Trading? Trading as a…

  • Does Phemex support the BNB Chain? (BEP20 and BEP2 tokens)?

    BEP-2 is a technical standard for the issuance and implementation of tokens on the Binance Chain. BEP-20 is a token standard on the Binance Smart Chain that extends ERC-20, the most common Ethereum token standard. Phemex currently supports Binance Smart Chain for USDT (BEP20). You can deposit and withdraw USDT BEP20 on Phemex. However, USDT_BSC(BEP20) deposits sent from decentralized exchanges are not yet supported. For any inquiries contact us at Follow our official Twitter account to stay updated on the latest news. Join our community on Telegram to interact with us and other Phemex traders. Phemex, Trade Simple

  • How do Limit Orders Fill?

    To learn more about Limit Orders, please read What are Limit orders? To help clarify how the limit order fills, we will use our BTCUSD order book as an example. We can tell from the order book that the best ask price (Sell) is 11703.0, the best bid price (Buy) is 11702.5. Long/Buy Limit Order For a long/buy order, if the order price is equal or greater than the best ask price, the order will be filled immediately. The executed price will be the best ask price. If the order price is lower than the best ask price, the order will be added…