🚨 Phemex restricts trading for 82 tokens over liquidity concerns
Phemex exchange has placed 82 unique USDT spot pairs under Special Treatment as of Aug 31. Users are now required to pass a mandatory Risk Cognizance Test before they can trade these specific assets.
The list includes several high-profile tokens such as ETC, XTZ, SNX, YFI, NEXO, AXS, USDe, and TUSD. Popular assets like POPCAT, HMSTR, and DOGS are also affected by the new restrictions.
Phemex cited three main reasons for the move: persistently low trading volume and liquidity, failure of project teams to provide operational updates, or missed whitepaper milestones without explanation.
#Phemex #CryptoNews #Trading #Altcoins
Phemex exchange has placed 82 unique USDT spot pairs under Special Treatment as of Aug 31. Users are now required to pass a mandatory Risk Cognizance Test before they can trade these specific assets.
The list includes several high-profile tokens such as ETC, XTZ, SNX, YFI, NEXO, AXS, USDe, and TUSD. Popular assets like POPCAT, HMSTR, and DOGS are also affected by the new restrictions.
Phemex cited three main reasons for the move: persistently low trading volume and liquidity, failure of project teams to provide operational updates, or missed whitepaper milestones without explanation.
#Phemex #CryptoNews #Trading #Altcoins