Phemex placed 82 USDT spot pairs under Special Treatment on August 31, requiring users to pass a mandatory Risk Cognizance Test before trading these assets. The measure affects established tokens including ETC, XTZ, SNX, YFI, AXS, USDe, TUSD and NEXO, alongside numerous lower-liquidity assets. The reasons cited include persistently low volume, failure of project teams to respond to operational update requests, or missed critical whitepaper milestones. This designation is not a delisting, but affected pairs could be removed if conditions deteriorate. The exchange will continue reviewing projects and may remove the tag if conditions improve.
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