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Phemex has introduced a week-long spot trading initiative centred on digital precious metals, running from 29 January to 5 February 2026, with an incentive pool exceeding $70,000.
The campaign focuses on spot trading pairs backed by precious metals, including PAXG, XAUT, and SLVON, aiming to encourage broader participation in commodity-linked digital assets whilst expanding the role of non-crypto-native instruments within on-chain trading environments.
Open to all Phemex users, with particular emphasis on those new to spot precious metals trading, the initiative introduces multiple participation pathways designed to lower entry barriers and promote sustained engagement. Eligible users can earn rewards by reaching defined trading activity thresholds, with the total incentive pool distributed across volume-based participation, trading consistency, and first-time engagement.
According to Phemex, the initiative reflects a broader strategic direction. By expanding access to asset-backed instruments alongside core crypto products, the exchange aims to support more balanced portfolio construction and long-term participation across market cycles.
As part of its evolving multi-asset ecosystem, Phemex continues to integrate digital representations of traditional assets, reinforcing its commitment to providing users with diverse tools to navigate an increasingly convergent global financial landscape.
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