Dear Users,

Phemex is happy to announce that our contract trading platform now supports Hedge Mode! When traders open a position in One-Way Mode, it can only be in one direction such as Long or Short. Through Hedge Mode, users can now keep both a long and short position at the same time, enabling more advanced trading strategies to mitigate losses while requiring a lower margin outlay.

For more information on Hedge Mode, read our conceptual user guide on it as well as step-by-step instructions on how to use it on Phemex.

Additionally, to further support our new Hedge Mode capability, Phemex has listed four new contract trading pairs that are all USDT-margined. They can now be traded live on Phemex.

• BTC/USDT linear contract
• ETH/USDT linear contract
• ADA/USDT linear contract
• XRP/USDT linear contract

Happy Trading!

Phemex Team