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Phemex platform for trading


You heard me right! Due to popular demand, Phemex has reconsidered its position on the XRP issue and has chosen to relax its restrictions.

That's not all. Phemex has introduced eight new crypto-currencies, which have proven to have exceptional potential. And they are all available for USDT spot trading.

What was the problem with XRP?

Due to a lawsuit from the U.S. Security and Exchange Commission, Ripple has been in a tight spot for the past few months.

Despite being a bridge currency, the SEC criticized Ripple for selling XRP as an unregistered security. In short, Ripple has been accused of selling its crypto to friends at low prices so that they can generate profits by reselling.

As such, most crypto exchanges have agreed to suspend Ripple until the details are clear enough.

But XRP owners, especially large companies, didn't like it, so they started defending Ripple against the SEC's charges. Well-known attorney John Deaton promised to fight for the more than 11,000 XRP holders.

Given the circumstances, Phemex has managed to recover Ripple for spot and contract trading due to popular demand.

What are the eight new plays on the Phemex trading list?

As you may know, Phemex is much stricter than other trading platforms as it wants to offer its clients the best solutions in the market. Therefore, there are some key elements that crypto-currencies need to convey.

There must be total scrutiny and incredible potential and public demand for crypto projects. So Phemex got to work and pulled out the most promising cryptos of 2021.

We have collected the link for each pair needed with the new stars:

·         For Contract Trading: BAT/USD, CHZ/USD, MANA/USD, ENJ/USD, SUSHI/USD, SNX/USD, GRT/USD, MKR/USD

·         For spot trading: BAT/USDT, CHZ/USDT, MANA/USDT, ENJ/USDT, SUSHI/USDT, SNX/USDT, GRT/USDT, MKR/USDT.

 

What is Phemex?

Phemex is a crypto trading platform developed by top Wall Street traders. It is known for its unique features that guarantee the safety of users and its 100x leverage.

But the team behind Phemex has made a name for itself on the platform with all the amazing events organized for the users. The last edition of Trading Arena got the best player no less than 2 BTC. And not long ago, Phemex entered OpenSea with "The QR touch", an NFT that made 100% of the QR codes linked to its users' wallets.

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