News

Dear Users, As of today, the Phemex VIP program has been further enhanced and now VIP tiers are shared across Spot and Contract! Whichever one you qualify for higher level in, you can access that level’s benefits for both. For example, if your trading volumes qualify you for Spot VIP level 1 in spot and Contract VIP level 5, then you’ll automatically be able to enjoy level 5 for both Spot and Contracts. Contract VIP Levels: Spot VIP Levels:  Even more VIP Privileges are coming soon so stay tuned! Phemex Team

Dear Users, Due to the Ethereum Merge Bellatrix upgrade, Phemex will temporarily suspend the deposit and withdrawal of ETH and ERC-20 tokens on our platform starting at 9:30 UTC on Sept. 6, 2022. These services will resume at a later time after the network stabilizes, and will be notified through a subsequent announcement. Thank you for your understanding. Phemex Team

Dear Users, Phemex has resumed the deposit and withdrawal of ETH and ERC-20 tokens, following the Ethereum network Bellatrix upgrade. Phemex Team

Dear Users, Phemex will be officially launching our Prediction Markets on September 7th, 2022 as part of our Phemex Earn offering. Phemex Prediction Markets is a real-time information market platform that allows you to place bets on prominent real world topics and get paid for being correct! Wager tokens on the outcome of current events like elections, sports, crypto news, and more. You’ll earn large crypto payouts for accurate predictions. By betting on real-world outcomes, you might even find a way to hedge or double down on your crypto investments. Web Access: Navigation bar–Earn, click Prediction Markets to enter  App...

Dear Users, Phemex will be listing the new contract trading pair FOOTBALL/USD at 10:00 UTC on September 7, 2022. FOOTBALL — This is a Football Fan Token price index that tracks the market performance of certain football club Fan Tokens. The Index is calculated by a formula that uses the weighted averages of the real-time prices of the relevant Fan Tokens. Index Calculation Index The Football Fan Token Index is calculated by reference to the weighted average prices of the Fan Tokens that constitute the Index, e.g., SANTOS/USDT, PORTO/USDT, LAZIO/USDT, etc. The Index formula is as follows: This formula ensures...

Dear Users, Phemex launched our new and innovative Prediction Markets feature. This represents a fun and novel way to make money by betting on the outcomes of future events. You can wager tokens on various topics such as sports, politics, crypto developments, and more. From now until Sept. 21, if you use the Prediction Markets, you can win some extra goodies such as cashback vouchers and even $100 bonus through our Master Predictors giveaway. Visit the official event announcement for more details on that giveaway. What is Prediction Markets  Go to the Prediction Markets page now to bet on future...

Dear Users, As of Sept. 7, 2022 Phemex has adjusted the maximum leverage available for our linear ETHUSD USD-margined contract trading pair to 100x. Next week, we plan to adjust the maximum leverage possible for inverse ETHUSD ETH-margined contract to 100x as well. Users are welcome to experience this potential for additional leverage. Please be aware of risks associated with contract trading, especially in cross margin mode where the entire available balance can be automatically utilized to prevent liquidations. Refer to our user guide for more information on trading in cross margin and isolated margin mode. Happy Trading! Phemex Team

Based on the latest information from the Ethereum Foundation, Ethereum is scheduled to start The Merge around September 15, 2022. To support this upgrade, Phemex has released our ETH Swap feature and listed ETHS (ETH2, PoS) and ETHW (ETH1, PoW) on our spot markets. In preparation for the Paris upgrade to the Ethereum execution layer as part of the Merge, we will be implementing the following actions regarding ETH Swap: ETH Swap Suspension At 12:00 UTC on September 14, 2022, Phemex will suspend our ETH Swap feature between ETH and ETHS & ETHW. The swap page will be retired sometime...

Based on the latest information from the Ethereum Foundation, Ethereum is scheduled to start The Merge around September 15, 2022. Phemex will fully support this upgrade through the following ways. ETH Swap At 12:00 UTC on September 14, 2022, Phemex will suspend our ETH Swap feature between ETH and ETHS & ETHW. See our announcement here for more information on this and details regarding potential forked tokens. ETH and ERC20 Deposits & Withdrawals During The Paris execution layer upgrade, Phemex will pause deposits and withdrawals of ETH and ERC-20 tokens at 12:00 UTC on September 14, 2022. Deposits and withdrawals...

Dear Users, Phemex will be listing 1000BRISE/USDT on our spot market at 13:00 UTC on September 14, 2022. BRISE – The native token of Bitgert, a crypto engineering project launched in July 2021 that specializes in blockchain products and auditing solutions. The project boasts its own blockchain that offers near-zero gas fees and high speed cross-chain transactions. Find more details on the Bitgert website: https://bitgert.com/ Happy trading! Phemex Team