Phemex Will Delist the INIT / USDT Spot Trading Pair on July 16, 2026

Cryptocurrency exchange Phemex has announced it will remove the INIT/USDT spot trading pair from its platform on July 16, 2026. The delisting is part of the exchange's regular review of listed assets.

According to the official schedule, the INIT/USDT pair will be taken offline at 10:00 UTC on July 16. All pending trade orders for the pair will be automatically cancelled at that time. Users who hold INIT tokens will need to withdraw them before the deadline, as withdrawals will also cease at 10:00 UTC on the same day.

Deposits of INIT will be disabled immediately at the delisting time. After that, any withdrawal requests must be submitted directly to Phemex's customer support team via email at [email protected] for manual processing.

The move comes without any stated reason from the exchange, though delistings typically occur when a token's trading volume or project activity falls below listing standards. INIT holders should act before the cutoff to avoid potential loss of access to their tokens.