Dear Users,

At 10:00 UTC on November 7, 2023, Phemex will be listing the new contract trading pairs CAKE/USDT and TOKEN/USDT. These contract pairs are linear USDT-margined and support hedge mode, which allows you to keep both a long and short position at the same time.

• CAKE/USDT – PancakeSwap is an automated market maker (AMM) — decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return. To learn more about this project, check out our deep dive of Pancakeswap.
• TOKEN/USDT – TokenFi aims to simplify the crypto and asset tokenization process and eventually become the foremost tokenization platform in the world.

Happy trading

The Phemex Team