News

Dear Phemexers, Phemex will support the Ellipsis (EPS) token migration, redenomination and ticker change. The ticker of EPS will be updated to EPX. Further details are as follows: At 10:00 UTC on May 9, 2022, Phemex will delist existing EPS spot trading pair (EPS/USDT) and cancel all pending EPS spot orders. At 7:00 UTC on May 9, 2022, Phemex will suspend all EPS deposits. At 7:00 UTC on May 12, 2022, Phemex will suspend all EPS withdrawals. Please make sure you have sufficient time to fully process your EPS assets before that time. If you still hold EPS on May...

Dear Phemexers, Due to network slowness and congestion, we would like to inform you that Terra (LUNA) and TerraUSD (UST) withdrawals are temporarily suspended, starting from 4:00 UTC on May 10, 2022. LUNA and UST deposits will not be affected. Phemex will reopen withdrawals for LUNA and UST once the network stabilizes. Thank you for your support and understanding! If you have any concerns, please contact our 24/7 customer service team at support@phemex.zendesk.com.

  Dear traders, Phemex will add the spot and contract trading support for GAL at 10:00 AM UTC on May 10, 2022. Users can trade both the GAL/USDT spot trading pair as well as the GAL/USD linear contract.   About GAL: GAL is the native token of Project Galaxy. Project Galaxy is the largest Web3 credential data network in the world. Built on open and collaborative infrastructure, Project Galaxy helps Web3 developers and projects leverage credential data to build better products and communities. Project Galaxy is building the infrastructure to power an open and collaborative credential data network.   Spot...

At Phemex, we periodically review each digital asset we list to ensure that it continues to meet the high level of standard we expect. When a coin or token no longer meets this standard, or the industry changes, we conduct a more in-depth review and potentially delist it. We believe this best protects all our users. When we conduct these reviews, we consider a variety of factors. Here are some that drive whether we decide to delist a digital asset: Commitment of team to project Level and quality of development activity Trading volume and liquidity Stability and safety of network...

As of today, May 12, 2022 Phemex will be delisting the LUNAUSD perpetual contract trading. We encourage users to stop trading and close open positions as soon as you can. Here is the delisting schedule: 10:15 UTC on May 12, 2022 – Phemex will only support ReduceOnly orders for LUNAUSD 10:45 UTC on May 12, 2022 – LUNAUSD perpetual contract gets delisted from Phemex. All orders and trading for LUNAUSD will be closed. All LUNAUSD positions still open after 10:45 UTC will be closed based on the asset’s average mark price in the 30-minute time period from 10:15 UTC to...

As of today, May 12, 2022 Phemex will be delisting the LUNA/USDT spot trading. We encourage users to stop trading as soon as you can. Here is the delisting schedule: 16:00 UTC on May 12, 2022 – LUNA/USDT spot gets delisted from Phemex. All trade orders will be automatically removed after trading ceases in each respective trading pair. Deposits of LUNA after 16:00 UTC on May 12, 2022 will not be credited to your account. Withdrawals of LUNA from Phemex will continue to be supported   We thank you for your support as we continue to build the crypto ecosystem...

Phemex has decided to delist and cease trading on the following spot trading pairs at 2:30 UTC on May 13, 2022. UST/USDT ANC/USDT MIR/USDT CTX/USDT Please note: All trade orders will be automatically removed after trading ceases in each respective trading pair. To view your assets after trading ceases, please ensure you have not selected “Hide small assets” in your Funds page. Deposits of UST, ANC, MIR, or CTX after 2:30 UTC on May 13, 2022 will not be credited to your account. Please contact support@phemex.zendesk.com for additional support Withdrawals of UST, ANC, MIR, and CTX from Phemex have been...

Phemex will be offlining all Earn Crypto asset management services for LUNA, including both Fixed and Flexible options, starting at 7:00 UTC on May 19, 2022. Please note: All LUNA assets still in Flexible accounts by 7:00 UTC on May 19 will be returned to users’ spot wallet. This process will roughly take 1-3 business days. As of 7:00 UTC on May 19, Fixed period accounts (7-day or 14-day) for LUNA will cease to automatically renew. After the current fixed period ends, the asset principal and interest income earned will all be transferred to the flexible savings account, and then...

Dear Users, Since we opened the early bird experience on our new Membership system for select users on May 6, it has been well received by all due to the diverse and valuable membership privileges. The number of users and transaction volume also increased, and we received great feedback on related products. Phemex always follows the principle of “user first”, and we believe user needs will set the direction of our future product and service rollouts. In view of this, we will further upgrade the platform and activities to meet the needs of all types of people, making Phemex the...

Dear users, Phemex will upgrade our Testnet and the new, upgraded function will be launched starting from 00:00:00 UTC on June 21, 2022. Please note: Certain data of all registered Testnet users will be cleared, including account balance and transaction history. If you would like to continue using Testnet, please re-register for new functions. You can download the data in advance before it gets cleared. When the new version of Testnet is online, you can receive 0.5 BTC and 5000 USDT test funds (not real money) for experimenting and simulated trading. Thank you for your support.