Phemex, a global cryptocurrency exchange, has launched a week-long spot trading initiative focused on digital precious metals. The campaign, which runs from January 29 to February 5, 2026, features a total incentive pool exceeding $70,000 aimed at encouraging user participation in trading tokenized gold and silver assets.
The initiative specifically promotes spot trading pairs for commodity-backed tokens, including PAXG (Pax Gold), XAUT (Tether Gold), and SLVON (a tokenized silver product). Phemex states the move reflects growing market interest in incorporating tokenized metals as components of diversified digital portfolios, bridging the liquidity of crypto markets with the perceived stability of traditional assets like gold and silver.
Open to all of the exchange's users, the program is designed with a particular emphasis on those new to spot precious metals trading. It introduces multiple participation pathways to lower entry barriers, with rewards distributed based on reaching defined trading activity thresholds. The incentive pool is allocated across categories including volume-based participation, trading consistency, and first-time engagement.
According to the exchange, this initiative is part of a broader strategic direction to expand access to asset-backed instruments alongside core crypto products. "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," Phemex explained. The move reinforces the platform's commitment to building a multi-asset ecosystem that integrates digital representations of traditional assets.
