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Phemex announces launch of On-chain Earn for simplified yield generation
Phemex has announced the upcoming launch of 'On-chain Earn,' a new platform feature designed to allow users to generate yield on assets such as BTC with simplified on-chain staking, requiring no DeFi setup or external wallets. The service, set to be available from July 2, aims to streamline yield earning through a single action within the exchange.
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Phemex has announced the introduction of 'On-chain Earn,' a service that allows users to generate staking yields on selected cryptocurrencies while keeping assets within the exchange. According to the published details, the product supports assets such as ETH and SOL at launch and is designed to simplify on-chain yield earning with a single action, removing the need for external wallets, DeFi configurations, or gas fees. The platform emphasizes direct on-platform staking, institutional-grade protections, and transparent reward mechanisms, and it also introduces exclusive pools with the potential for users to receive additional reward points. Specific details on supported rates, minimum deposits, and eligibility criteria were not disclosed in the announcement.
Phemex is a cryptocurrency exchange offering spot and contract trading with a wide range of digital assets and the US dollar as the sole fiat option. The platform provides features such as reduced spot trading fees through premium accounts, up to 100x leverage on contracts, demo accounts, and educational guides that include opportunities to earn cryptocurrency. More information about Phemex's features and services can be found in its broker profile on Traders Union.
For more context, see the previous Phemex update on Traders Union, which detailed the launch of the 2026 Ultimate Championship—a major football-themed trading and prediction event with a $7 million USDT prize pool. Read the full story in this earlier news about Phemex.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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