Phemex is a global cryptocurrency derivatives trading platform launched in 2019 by former Morgan Stanley executives. Headquartered in Singapore, it offers both spot and futures trading with a strong focus on security, speed, and user experience. Unlike many exchanges, Phemex provides zero-fee spot trading, making it attractive for retail traders. The platform supports major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), along with altcoins and futures contracts with leverage up to 100x.
One of Phemex’s standout features is its high-performance trading engine, capable of processing 300,000 transactions per second (TPS), ensuring minimal latency. It also emphasises security with cold storage for 100% of user funds and two-factor authentication (2FA). Phemex offers additional services like copy trading, staking, and a learn-to-earn program through its Phemex Academy, helping users improve their crypto knowledge.
The exchange has gained popularity for its user-friendly interface, competitive fees, and no-KYC requirement for basic trading, though higher withdrawals require verification. Phemex also runs frequent promotions and a native token (Phemex Token, PT) for discounts and rewards. With its combination of advanced trading tools and accessibility, Phemex has positioned itself as a strong contender in the crypto derivatives market, appealing to both beginners and professional traders.
https://phemex.com