Dear Users,
Phemex is supporting the Merlin Chain (MERL) Network Upgrade, which took place on Jan 20, 2026, 15:00 UTC approximately.
To ensure a smooth transition, Phemex has suspended deposits and withdrawals on the Merlin Chain (MERL) network.
Note:
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Trading is not impacted
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Deposits and withdrawals will resume once the network is stable. No further announcement will be posted.
The Phemex Team
