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Phemex flags 82 USDT trading pairs for special risk checks
The restrictions begin Aug. 31 at 10:00 UTC, and each pair requires users to pass a mandatory Risk Cognizance Test before trading.
Phemex has placed 82 unique USDT spot trading pairs under Special Treatment, requiring users to pass a mandatory Risk Cognizance Test before trading those markets. The restriction took effect Aug. 31 at 10:00 UTC.
The exchange said the change is tied to risk criteria related to liquidity and project compliance. Phemex grouped the designations into three reason categories: persistently low volume and insufficient liquidity, a project team failure to provide a valid response to requests for operational updates, and missed critical whitepaper milestones without a reasonable public explanation.
Phemex published two separate notices, one listing 43 pairs and another listing 40 entries, with one pair appearing twice across the notices. The designation does not specify which risk reason applies to each individual pair.
Under Phemex’s Special Treatment framework, a pair can be classified as low-liquidity if it meets three of four tests, including a bid-ask spread above 0.5% and average daily volume below 30,000 USDT for three consecutive months, among other conditions. A separate potential-risk classification can be triggered by any one listed condition, including technical or security breaches or failures to update or disclose project information.