Phemex, a global cryptocurrency exchange, announced on October 22, 2025, the launch of its enhanced Rewards Hub, featuring up to $15,000 USDT in total rewards, a mystery box system, and tailored missions for both new and experienced traders. The upgrade replaces fixed prizes with mystery boxes that contain cash rewards, BTC airdrops, trading fee vouchers, and futures bonus coupons, adding an element of surprise and increased value for users.
The updated Rewards Hub includes several key components: Newcomer Welcome Gifts offering up to 5,000 USDT for completing KYC verification, making a first deposit, and executing a first trade; a $10,000 Trading Challenge split into 5,000 USDT in Futures rewards and 5,000 USDT in Spot rewards; and Earn Incentives providing 7% interest boost coupons for new users who complete staking tasks. Federico Variola, CEO of Phemex, emphasized the initiative, stating, "We upgraded the Rewards Hub to give users more ways to earn while they trade. Bigger prizes, surprise rewards, and missions for everyone — from your first deposit to advanced trading. We're always looking for ways to empower our traders."
Founded in 2019, Phemex serves over 6 million traders worldwide and offers spot and derivatives trading, copy trading, and wealth management products, with a focus on user experience and innovation. This rewards upgrade aims to boost engagement and provide inclusive opportunities for traders at all levels.
BNB
PEPE
ETH
SOL
USDC
FIL
XTZ
NEAR