Dear Users,

We hope this announcement finds you well. We are writing to inform you of an upcoming update to the Phemex VIP Program, which will take effect on January 8, 2024.

Please be aware of the following details regarding the update:

*All recent changes are highlighted with a blue background.

Note: for Asset Balance and vePT Balance, if the trading volume from API trading or spot trading volume exceeds 10%, the associated benefits of these rules will not be applicable. Institutional clients are not eligible to receive the benefits outlined in these rules.

We understand that changes to our program may impact your trading strategy, and our support team is here to assist you with any questions or concerns you may have regarding this transition.

Thank you for being a part of the Phemex community!

The Phemex Team