🚨 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
🚨 Polymarket Launches Perpetual Futures with 20x Leverage
Prediction market giant Polymarket has officially launched Polymarket Perps, a perpetual futures platform. The service debuted with 10 markets and quickly expanded to 67 assets, including Bitcoin, Ethereum, Solana, and various stocks and commodities.
Traders can access up to 20x leverage on crypto assets and major indices like the S&P 500, while individual stocks like Tesla and Nvidia are capped at 10x. Unlike traditional prediction contracts, these have no expiration and use an hourly funding rate to track spot prices.
Due to a 2022 CFTC settlement, the service is blocked for users in the United States and Canada. US-based traders are instead routed to Polymarket US, a separate regulated exchange with more limited offerings.
#Polymarket #CryptoNews #Perpetuals #Trading
Prediction market giant Polymarket has officially launched Polymarket Perps, a perpetual futures platform. The service debuted with 10 markets and quickly expanded to 67 assets, including Bitcoin, Ethereum, Solana, and various stocks and commodities.
Traders can access up to 20x leverage on crypto assets and major indices like the S&P 500, while individual stocks like Tesla and Nvidia are capped at 10x. Unlike traditional prediction contracts, these have no expiration and use an hourly funding rate to track spot prices.
Due to a 2022 CFTC settlement, the service is blocked for users in the United States and Canada. US-based traders are instead routed to Polymarket US, a separate regulated exchange with more limited offerings.
#Polymarket #CryptoNews #Perpetuals #Trading