Dear Traders,
Phemex currently has over 260 USDT-margined contracts that we recommend you trade in order to enjoy better price accuracy, market depth, liquidity, and other benefits. Every available USD-margined contract now has a USDT-margined alternative. We encourage all users to transition to trading USDT-margined contracts for a better trading experience.
On May 16, 2024 Phemex will be delisting 2 USD-margined linear contract trading pairs. We are informing users more than two weeks ahead of time to encourage you to stop trading and close open positions as soon as you can. The two pairs to be delisted are:
- BTCUSD
- ETHUSD
Here is the delisting schedule:
- 9:30 UTC on May 16, 2024 – Phemex will only support ReduceOnly orders for the 2 contract pairs mentioned above
- 10:00 UTC on May 16, 2024 – Above 2 USD-margined perpetual contracts get delisted from Phemex. All orders and trading for these pairs will be closed.
- All positions still open for these trading pairs after 10:00 UTC will be closed based on the asset’s average mark price in the 30-minute time period from 9:30 UTC to 10:00 UTC on May 16, 2024.
We thank you for your support as we continue to build the crypto ecosystem in a way that promotes transparency and long-term, sustainable growth.
The Phemex Team
