News

Dear Users, Deposit and withdrawals services of Solana (SOL) tokens have resumed. Thank you for your support and understanding. Happy Trading! Phemex Team  

Dear Users, At 10:00 UTC on Feb. 21, 2023 Phemex will list the USDT/BRZ trading pair on our spot market. This will allow our Brazilian users to more conveniently onboard into crypto and trade on Phemex. BRZ – Brazilian Digital Token (BRZ) is the first stable coin backed by Brazilian Reais (BRL). It’ll allow Brazilian residents to directly ramp up in international exchanges and actively trade the Brazilian currency against pairs of different classes, including Bitcoin, other stable coins, utility and security tokens. It’s a powerful tool that allows Brazilians to move and hedge Brazilian Reais internationally. Learn more at...

Dear Users, At 11:00 UTC on February 21, 2023 Phemex will be listing FLOKI(1K)/USDT as a new spot trading pair. FLOKI – Floki is the people’s cryptocurrency and the utility token of the Floki Ecosystem. It is a cryptocurrency birthed by fans and members of the Shiba Inu community and is inspired by (and named after) Elon Musk’s Shiba Inu. Learn more at https://floki.com/ Happy trading! Phemex Team

Dear Users, At 12:00 UTC on February 23, 2023 Phemex will be listing COCOS/USDT and BNX/USDT as new linear contract trading pairs that are all USDT-margined. Note that the BNX contract is being relisted now that the BinaryX (BNX) token swap and redenomination has been completed, so the BNX/USDT contract being listed now is of the newly redominated token. COCOS/USDT – Cocos Blockchain Expedition is a DAO to enable the future Metaverse with decentralization technology and MetaFi. It currently develops various infrastructures for NFT, GameFi, IGO and more.  Learn more at https://www.cocosbcx.io/ BNX/USDT – BNX is the platform cryptocurrency for...

Dear Users, Deposit and withdrawal services for BinaryX (BNX) tokens are temporarily suspended for safety and maintenance purposes. Deposits and withdrawals will be reopened later and relevant follow-ups will be announced separately as soon as possible. We apologize for any inconvenience and thank you for your patience. Phemex Team

Dear Users, At 10:00 UTC on Feb. 27, 2023 Phemex will list the CFX/USDT trading pair on our spot market. CFX – Conflux is a high throughput first layer consensus blockchain that utilizes a unique Tree-Graph consensus algorithm, enabling the parallel processing of blocks and transactions for increased throughput and scalability. Learn more at https://confluxnetwork.org/ Happy trading! Phemex Team

Dear users, Please note that Phemex plans to perform an upgrade to USDT-margined, USD-margined, BTC-margined, and ETH-margined perpetual contract trading services from 2:30 – 5:30 UTC on Feb 28, 2023. The impact window for any one individual account is about 15 minutes, and the total upgrade will take roughly 3 hours. During this period, you may experience order rejection, timeout, or delays in deposit, withdrawal, or report retrieval activities. Appreciate your support and understanding. Phemex Team

Dear Users, At 10:00 UTC on Mar. 1, 2023 Phemex is listing the new contract trading pair SSV/USDT. This contract pair is linear USDT-margined and supports hedge mode, which allows you to keep both a long and short position at the same time. SSV – ssv.network is a decentralized staking infrastructure that enables the distributed operation of an Ethereum validator. This is achieved by splitting a validator key between four or more non trusting node instances. Learn more at https://ssv.network/ Happy trading! Phemex Team

Dear Users, We’re super excited to unveil the launch of our new margin trading feature for the spot market. Users will now be able to take leverage up to 5x while trading spot by borrowing against collateral and trading on margin. Here are some nifty benefits you’ll receive from Phemex margin trading: Trade on leverage without having to sell your coins! Simply borrow against them instead. Compared to other margin trading services, Phemex offers super low interest rates so you can borrow for cheap. We support partial liquidations on margin trading. This means that when your risk level reaches the...

Dear Users, At 10:00 UTC on March 2, 2023 Phemex will be listing 7 new spot trading pairs. 5 of these are highly significant to the Arbitrum ecosystem (GRAIL, DPX, SYN, GNS, RDNT). Below are the seven pairs to be listed: GRAIL/USDT – Camelot is an innovative, flexible, community-driven, and capital efficient DEX built to support the Arbitrum ecosystem. Learn more at https://camelot.exchange DPX/USDT – Dopex is a decentralized options protocol that targets liquidity maximization while minimizing losses for option writers and maximizing gains for option buyers. Learn more at https://www.dopex.io SYN/USDT – Synapse is an interoperability protocol designed for...