Dear Phemexers,

We are excited to announce that the launch of unrealized Profit Reinvestment feature will soon be finished on November 29, 2024. This feature allows you to use unrealized profits for opening positions under cross margin mode. The last phased rollout is scheduled to begin on November 29, at 03:00 UTC. 

After the rollout, all Phemex users will be able to use this new feature. To enjoy it, please update your app to the latest version.

Please note that this update will affect cross margin inverse contract positions. In extreme market conditions, there may be potential losses, so we advise you to monitor your positions closely.

The rollout will be implemented in phases based on the last two digits of your UID:

13-19

33-39

53-59

73-79

93-99

Stay tuned for further updates and manage your positions accordingly.

Happy Trading!

The Phemex Team