News

Dear Traders, Due to the unprecedented crypto price movements we’ve witnessed recently, and the success of Phemex, our platform has experienced a consistent surge in volume for the last few months. Although we have already taken proactive actions to increase our capabilities, unfortunately, we still experienced some minor issues. To fulfill our commitment to full transparency, we’d like to take this opportunity to address the incident that occurred on our platform yesterday between 6:15 – 7:00 PM UTC. We’ve noticed and received feedback on the following issues: Connectivity Issues Some of our European customers were temporarily unable to connect or...

Dear Traders, Please note that we are undergoing a routine system maintenance today 01/12/21 from 5:00 AM UTC until 9:00 AM UTC. The only impact this will have is that trading data history will be temporarily unavailable. If you have any questions or concerns please contact support@phemex.zendesk.com  

Dear Traders,  We have scheduled maintenance to our system this Friday, January 15th, 2021 (UTC). This maintenance will result in some temporary downtime which will only affect contract trading. Spot trading will function as normal. The downtime will occur from 02:00 AM UTC until (at the very latest) 04:00 AM UTC. Please note: trading may resume before 04:00 AM UTC. During this time: users will not be able to trade any contracts no new orders can be placed pending orders will not be executed market data service will be suspended  Please be aware that the market may fluctuate during this...

Dear traders, We’ve received reports that our EOS withdrawal functions are not working properly at this time. The issue likely stems from one of the third-party nodes we employ for broadcasting. Please be assured that our tech team is diligently investigating the issue now. We expect to resume all EOS withdrawal functions within two days, but will keep you informed of any changes or updates. No other cryptocurrency withdrawal functions have been affected. We apologize for the inconvenience and truly appreciate your understanding and support. Phemex UPDATE: ISSUE SOLVED

Dear Traders, We are glad to announce that it is now possible to trade AAVE/USD and DOGE/USD contracts on Phemex, with up to 20x Leverage! Trading for these pairs opens on 03/01/21 at 03:00 (UTC) and is now live. Please note: Trading cryptocurrency is inherently risky so make sure to trade cautiously and use the tools available to manage your risk when trading.  Team Phemex

Dear Traders,  Phemex now supports deposit and withdrawal for USDT TRC-20 tokens as of 03/09/2021, in addition to the existing ERC-20 option. USDT-ERC20 is the USDT issued by Tether on the ETH network. USDT-TRC20 (USDT-TRON) is the USDT issued by Tether on the TRON network. USDT-Omni is the USDT issued by Tether on the BTC network. To read more about the TRC-20 token standard, please read our academy: TRC-20, All You Need to Know We encourage all users to use the TRC-20 token standard for USDT transactions as Phemex will not charge any deposit or withdrawal fees. Please note: You...

Dear Traders,  Phemex is now offering a deposit and withdrawal function for DOGE. As of 03/13/21 at 11 am (UTC +8) Phemex will also have a DOGE/USDT spot trading pair available. You can also contract trade the DOGE/USD pair on Phemex Thank you all for your support, please remember to trade responsibly.

Dear Traders, We regret to inform you that some of our USD Contract Trading Engines are experiencing a temporary outage. A small part of our users may be unable to trade USD contracts or see any updates. Our tech team is working diligently to fix the problem and we expect the issue to be resolved within 2 hours. Please continue to check our announcements for any updates. We apologize deeply for the inconvenience and any negative impact this may have on our users. Sincerely, The Phemex Team

Dear traders, As you may already know, our DogeCoin Campaign has received an incredible level of engagement. What started as a 1,000,000 DOGE giveaway to the first 5000 new Phemex users between March 1st – 15th soon exploded beyond our expectations. By March 8th, we had already seen more than 46,000 new users. At this point, we closed the campaign and raised the maximum giveaway sum to 4,000,000 DOGE. The distribution of DOGE was fully finalized on March 17th, at 12AM UTC. It has come to our attention that many users still believe they have not received their prize. To...

The League of Traders (LoT) competition held in January 2021 concluded with much success.   Phemex has received incredible support from our participants, and we’re once again partnering with LoT for another competition! The prize pool will be as high as 4 BTC. Register Competition Now Dates Registration Opens: 22nd April – 11th May 12pm (UTC+8) Competition Begins: 27th April 12pm (UTC+8) Competition Closes: 18th May 12pm (UTC+8) Prize Pool The final prize pool will depend on the total number of participants. The higher the number of participants, the higher the total prize pool, and the more prizes available. Please...