Dear Phemex Users,
Phemex supports the swap & rebranding of Omni Network (OMNI) to Nomina (NOM) and will take the deposit, withdrawal, and trading services for Omni Network (OMNI) offline, including Spot and Margin.
Here is the schedule. Please be aware that the schedules for Spot and Margin are different:
Token Swap and Redenomination
- OMNI tokens will assume the ticker of NOM on Phemex.
- All OMNI tokens will be swapped to NOM at a ratio of 1 OMNI = 75 NOM.
- Phemex will issue a separate announcement about the launch of the rebranded Nomina (NOM) once the exact schedule has been determined.
Spot Delisting
- 10:00 UTC on September 26, 2025 – The OMNI Deposit and Withdrawal will be closed and the OMNI/USDT pair will be delisted from the Phemex spot market. All pending trade orders will be automatically removed after the delisting time. Any withdrawal requirements after this timestamp should be submitted to our CS team at support@phemex.com for further help.
Margin Delisting
- 06:00 UTC on September 25, 2025 – Phemex Margin trading will suspend borrowing on the aforementioned margin pair
- 07:00 UTC on September 25, 2025 – The OMNI/USDT margin trading will be delisted. Phemex Margin will close users’ positions, conduct an automatic settlement, and cancel all pending orders on the aforementioned margin pairs. These pairs will then be removed from Phemex Margin.
- Please note that users will not be able to update their positions during the delisting process. We strongly advise all users to close their positions and/or transfer their assets from their Margin account to their Spot Wallet prior to the cessation of margin trading. Phemex will not be responsible for any potential losses.
- If users have loans in OMNI within their Margin accounts, the system will cancel all open orders for these tokens and initiate the liquidation process to close positions in OMNI, and to repay the debts. Users should closely monitor their risk level to avoid potential liquidation that may result from the removal of the aforementioned tokens from the Margin account.
Happy trading!
The Phemex Team
