News

This is a remote part-time position. The ideal candidate will be a cryptocurrency enthusiast skilled at managing and engaging with our french online community, mainly on Telegram. The goal is to build brand awareness and engagement. Responsibilities Successfully create, manage, and grow a local community to help new users use our platform smoothly. Maintain an active community by responding to users’ questions and comments by, sharing announcements/events/campaigns, and by generating discussions on relevant topics. Assist in organizing local online and offline events or meet-ups in creative ways. Assist Phemex with the development of an effective brand image while collecting feedback...

BCH Network Update The Bitcoin Cash (BCH) network is currently facing the possibility of a contentious hard fork. The fork is expected to occur at 12:00 on November 15, 2020 (UTC). Given that participants have not reached a consensus, the outcome of the fork is entirely uncertain. What does this mean for Phemex users? On November 5, 9:00 AM (UTC): Our BCHUSD perpetual contract will only support Reduce Only orders or the closing of positions. On November 6, 3:00 AM (UTC): All BCHUSD positions will be closed based on Mark Price and all pending orders will be canceled. All BCH...

Please take note: due to changes in local laws and regulations we have updated the Phemex Terms of Use to reflect additions to the list of countries/regions restricted from using the Phemex platform and services. The most recent additions to the list are as below: China Hong Kong SAR Republic of Seychelles Bermuda By opening an account on Phemex you confirm that if you are located in or if you are a resident of any jurisdiction where services offered by Phemex are restricted you understand and acknowledge that you are prohibited from holding positions or entering into contracts at Phemex....

Dear Traders, Phemex is excited to announce its newest partnership with Goose-AX! Goose-AX is a fully automated solution to trade all alts on Phemex! They offer fully customized strategies with proven success. While many crypto bots offer some aspects of trading such as indicators, Goose-AX strives to be a completely automated solution for all your trading needs! By using Goose-AX’s world-class trading bots, clients can automate their contract strategies on Phemex. To learn more about Goose-AX and its services please visit: https://goose-x.com/ and join them on Discord https://discord.gg/ZMN5MSr Connecting Phemex with Goose-AX takes 4 simple steps: Open an account/sub-account on...

Dear Traders, Today we are proud to announce our newest upcoming Earn Crypto program, a service to help with your Crypto Asset Management needs. Starting on January 18, 2021, Phemex will offer two ways for customers to earn crypto passive income in a risk-free manner: Flexible Savings Account with 7% APY and Fixed Savings Accounts with 10% APY. Flexible Savings Account Our Flexible Savings Accounts allow users to earn an estimated 7% APY interest on deposits up to 50,000 USDT. Funds can be transferred in or out of this account at any time without incurring any penalties. Interest earnings are paid...

Dear Traders, A recent spike in message volume caused an unexpected outage in our system. More specifically, one of our instances responsible for our spot market order book publishing and execution crashed and was unable to update all user orders for a short period of time. As such, when the system resumed its regular functioning, some large sell market orders were executed at bad prices. Our ETH and XRP markets particularly, experienced significant wicks. As always, Phemex remains committed to transparency and taking corrective actions when necessary. If you were affected by this incident please contact our customer service at support@phemex.zendesk.com...

Dear traders, Earlier in November we temporarily suspended all spot and contract trading for Bitcoin Cash (BCH) due to a forking process. Please review the original announcement here. Today, we are happy to announce that we resumed all trading activities for the original BCH (not the fork) that was supported on our platform. All trading services were enabled this Friday, December 11th, 2020 at 3 AM UTC. Thank you for your patience and support.

Dear Traders, This Saturday, December 12, 2020, between 2:30 AM and 4:00 AM UTC, Phemex will perform a system maintenance upgrade that will temporarily disable our Spot Market trading services. All spot market symbols will be disabled between the times specified above. However, this will only affect trading activities. Deposits and withdrawals will continue to be fully functional. We apologize for any inconvenience this may cause. Thank you for your understanding.

Dear Traders,  Following the news of the SEC’s lawsuit against Ripple Labs, Inc. and the resulting actions by a number of other exchanges, we have decided to suspend XRP from next week. What does this mean for Phemex users? On January 4, 2021,  at 3 AM UTC: Our XRPUSD perpetual contract will only support Reduce Only orders or the closing of positions. On January 5, 2021,  at 3 AM UTC: All XRPUSD positions will be closed based on Mark Price and all pending orders will be canceled. Contract trading will be suspended after this time. All XRP spot trading activities...

Dear Traders, Phemex is excited to announce our newest partnership with League of Traders! League of Traders is a leading social trading platform in Asia that allows users to visualize their assets across various exchanges and make informed trading decisions. In addition, it gives users access to real-time leaderboards in the form of a new innovative and transparent way of competition and copy-trading. Starting from today, by using the League of Traders App, Phemex users can integrate their portfolios into League of Traders. To learn more about League of Traders and its services, please visit: https://leagueoftraders.io/ Connecting Phemex with League...