Phemex is a Singapore-headquartered crypto derivatives trading platform. They offer perpetual contracts with up to 100x leverage on an impressive array of coins and tokens, such as Bitcoin (BTC), Ethereum (ETH) and Chainlink (LINK).
The exchange has over two million active users across the globe, and works with in excess of 30 integrated liquidity providers to ensure the smooth operation of trades, by always providing good market depth on both sides of a trade for all listed tokens.
Phemex was founded in 2019, by CEO Jack Tao. At the moment, the US Dollar is the only fiat currency supported by Phemex, but there are over 250 trading pairs to choose from on this exchange.
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Phemex holds the mission of making everyone and not only experienced traders trade efficiently without taking any additional risk.
Phemex is run by eight ex-Morgan Stanley executives, and this exchange allows users to trade various perpetual contracts, such as ETHUSD, BTCUSD, XRPUSD, and XTZUSD, with up to 100x leverage (though this leverage isn’t available to all users, for risk management reasons.)
Phemex allows crypto traders from all over the world to trade cryptocurrencies through a medium that is safe and not too complicated to navigate. The efficiency of Phemex is very high as it is rated at number 6 in the world in terms of daily trading volume.