News

Dear Users, To provide a better trading experience, Phemex will be delisting the following 11 trading pairs from our spot market at 10:00 UTC on January 09, 2023. WBTC/USDC BAL/USDT BCH/USDC ALPACA/USDT ORN/USDT CHR/USDT STMX/USDT DUSK/USDT ARPA/USDT JST/USDT UTK/USDT The delisting schedule: 10:00 UTC on January 9, 2023 – The above 11 pairs get delisted from Phemex spot market. All pending trade orders will be automatically removed roughly 1-3 days after the delisting time. Deposits of the above 11 assets (except WBTC and BCH) will not be credited to your account after delisting. Withdrawals of these coins from Phemex will...

Dear Users, Phemex will be listing BONK(1k)/USDT on our spot market at 12:00 UTC on January 10, 2022. BONK – Bonk is the first Solana dog coin for the people, by the people! 50% of the total supply is airdropped to the Solana community. The Bonk contributors were tired of toxic “Alameda” tokenomics and wanted to make a fun memecoin where everyone gets a fair shot. Find more details on BONK here: https://www.bonkcoin.com/ Happy trading! Phemex Team

Dear Phemexers, We recently gathered and evaluated substantial user feedback, and note that many users want to trade USDT contracts. In keeping with our Users First philosophy, Phemex has listed over 130 USDT contracts so that every available USD-margined contract now has a USDT-margined alternative. We encourage all users to transition to trading USDT-margined contracts, which feature several advantages. Benefits of trading USDT-margined contracts: Best-in-class liquidity compared to USD contracts Hedge mode is supported, allowing for better risk management Improved price precision Here are the plans for USD-margined contract delisting. On January 11, 2023 Phemex will be delisting 40 USD-margined...

Dear users, Phemex is excited to unveil our VIP Portal which allows VIP users to enjoy a variety of data analytics and exclusive services. Here are some insights you can find in the “Portfolio Analytics” section: Asset Allocation This segment shows a clear snapshot of your total assets breakdown by main or sub accounts. Examine a detailed allocation chart of all your coins. Transaction Data Analysis Here our VIP users can quickly see the primary currencies influencing their profits and losses. Users can toggle the monitored period, or select one of several fixed period options to generate relevant data. In...

Dear Users, The Polygon (MATIC) team has announced a network hard fork (Delhi fork) to be activated on block height 38,189,056, which is estimated to occur at around 18:00 UTC on January 17th, 2023. Phemex will support this process and suspend Polygon (MATIC) deposits and withdrawals during the upgrade. Polygon (MATIC) trading will not be affected. MATIC deposits and withdrawals will be resumed as soon as possible following the upgrade. Thank you for your support and understanding. Phemex Team

Dear users, On January 19, 2023, Phemex will adjust contract risk limits, ticker sizes, and order quantities for certain perpetual contracts. Risk limits are imposed to help clients manage their risks because the larger a position is, the smaller the leverage allowed. As our user base grows more advanced, we will continue to tweak risk limits & leverage to allow greater flexibility and better user experience. Please find our newly adjusted risk limits and ticker sizes below: New risk limits for Inverse ETHUSD perpetual contract: Position Max Leverage IM% MM% 200 ETH 100 1% 0.5% 1,200 ETH 50 2% 1%...

Dear Users, Phemex will be listing MAGIC/USDT on our spot market at 10:00 UTC on January 31, 2023. MAGIC – Treasure is a decentralized video game console connecting games and communities together through bottom-up driven IP and infrastructure. Underpinning the Treasure ecosystem is MAGIC, a fair launch token which powers key infrastructure and acts as a reserve asset across partner ‘game cartridges’. Find more details on MAGIC here: https://treasure.lol/ Happy trading! Phemex Team

Dear Users, As a show of gratitude for your support of Phemex, we’re hosting an awesome giveaway through our P2P trading platform. Phemex P2P makes it easy for you to smoothly and safely obtain cryptocurrency using fiat, by connecting with other peer-to-peer traders. Whether you’re a P2P newbie or experienced user, anybody can win from the $3,100 prize pool. Hurry because rewards are distributed on a first-come, first-serve basis! Follow the steps below to participate: Visit Phemex.com and register on our platform (if you don’t have Phemex account) Trade and post Ads on the Phemex P2P trading platform during the...

Dear Users, We’re happy to announce that as of February 1, 2023, Phemex has integrated with BitTab – a leading crypto tracker tool. BitTab is an intuitive cryptocurrencies and NFTs tracker widget for Windows. Use it to track your Phemex assets on your desktop screen. It shows real-time prices of coins and NFTs from famous exchanges. Phemex is always seeking ways to improve your trading experience, and we’ll look to incorporate even more helpful tools for our users going forward. Happy Trading! Phemex Team

Dear Users, At 10:00 UTC on February 6, 2023 Phemex is listing six new linear contract trading pairs that are all USDT-margined. These new listings are: T/USDT (Threshold) FXS/USDT (Frax Share) FET/USDT (Fetch.ai) RNDR/USDT (Render Token) HIGH/USDT (Highstreet) DAR/USDT (Mines of Dalarnia) These 6 trading pairs all support hedge mode, which allows you to keep both a long and short position at the same time. Doing so enables more advanced trading strategies to mitigate losses while requiring a lower margin outlay. Happy Trading! Phemex Team