Hi fellow Phemexers,
At roughly 6:00 UTC on Sept. 29, 2022, Phemex will add a new feature allowing users to adjust leverage in cross-margin mode for contract trading. If you have been using cross-margin mode to trade, the launch of this new feature won’t automatically change your current leverage for existing positions, nor will it change the liquidation price.
This new feature is supported on the Phemex website as well as on our iOS and Android APP. If you use mobile APP to adjust leverage in cross-margin mode and see a negative number, do not worry, your liquidation price has not been affected. Please simply upgrade to the latest version of APP.