Dear Traders,

In order to increase market liquidity and improve trading experience, Phemex will complete adjustments for the tick size (i.e., the minimum change in the unit price) of certain spot trading pairs from 08:00 UTC to 10:00 UTC on July 22, 2024. 

Here are the details:

Please be advised that during the tick size update, all spot trading services for these trading pairs, with the exception of BLAST and ORCA, will be terminated. We strongly recommend that users proactively finalize any ongoing spot grid activities and cancel any pending spot and margin orders related to these trading pairs before the update takes effect. If such actions are not taken by users, we will close the affected spot grids and cancel pending orders in the order book on behalf of users at the time of the update. This is to ensure a smooth transition during the tick size adjustment. Please make sure to restart any spot grid activities after the completion of the adjustment.

We are excited to present the new adjustments and sincerely hope that they enhance your trading experience. As you engage in your trades, we strongly recommend carefully managing them in line with these updates.

Happy trading!

The Phemex Team