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Centralized Exchange
Launched Nov 25, 2019
Volume (24h)
$97,565,431
5,743 BTC 3.68%
Cryptocurrencies
219
Markets
284
Phemex
Centralized Exchange
Volume: $97,565,431 Phemex

It is a quantitative metric calculating how many cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours on this specific crypto exchange. It's a direct supply & demand indicator of the exchange.

Learn this metric

It is a quantitative metric calculating how many cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours on this specific crypto exchange. It's a direct supply & demand indicator of the exchange.

Learn this metric

The total number of different crypto pairs that's available to be traded on this specific exchange.

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The total number of different crypto pairs that's available to be traded on this specific exchange.

Learn this metric

The total number of coins/tokens available to be traded on this specific exchange.

Learn this metric

The total number of coins/tokens available to be traded on this specific exchange.

Learn this metric

It is a quantitative metric in percentage describing how many cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours on this specific crypto exchange, compared to the previous 24 hours.

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Exchange Volume in BTC

The current exchange Volume Dominance among all other exchanges in the market.

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Exchange Market Rank

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Current volume of Phemex is $97,565,431

Phemex Social Signals & Traffic Tracker
Phemex twitter
Twitter Stats
@Phemex_official

Followers

526,967

0.24%

Following

413

0.24%

Tweet count

5,670

1.14%

Joined at Sep 11, 2019
Phemex reddit
Reddit Stats

Currently, official Phemex Reddit account doesn’t exist or wasn’t submitted. 🔆

Phemex telegram
Telegram Stats
@Phemex_EN

Title

Phemex English

Members

105,536

5.81%

Phemex traffic
Website Traffic
phemex.com

Website Rating (DR)

71 / 100

0.00%

Ahrefs Rank

78,875

1.04%

Organic Traffic (mo.)

377,314

26.83%

Phemex github
GitHub Organization

Currently, official Phemex GitHub Organization account doesn’t exist or wasn’t submitted. 🔆

Phemex github
GitHub Public Repository

Currently, official Phemex GitHub Public Repository doesn’t exist or wasn’t submitted. 🔆

Project's main Github metrics, like how many public repositories it has, the type of the account (organization or personal), and when was the GitHub account created. Stats are updated weekly.

Project's main GitHub public repository metrics, like the number of stars, watchers, forks, and the programming language used. Stats are updated weekly. If the project doesn't have a public repository, and only a private one, its metrics will not appear here.

Project's main Telegram metrics, like channel title & member count. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly.

Project's main Twitter metrics, like Follower count, how many accounts they are following, and how many Tweets the account has posted to date. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly. Below, you can see the Project's Twitter feed.

Project's main Reddit metrics, like Subreddit subscriber count, community type (public, restricted, private, premium-only), and the number of Subreddit moderators. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly. Below, you can also find Project Subreddit's most trending topics, updated daily.

Project's main Website traffic metrics, like Website Domain Authority, Ahrefs rank, and monthly Organic Traffic. The graph shows the dynamics of these metrics throughout recent months. Stats are updated monthly.

Phemex Statistics

Phemex Volume
$97,565,430.83
Volume in BTC
5,743 BTC
Volume Change 24h
$3,590,407.85
3.68%
Cryptocurrencies
219
Markets
284
Market Dominance
0.21%
Market Rank
#54

Phemex Exchange Overview

Phemex is a Centralized exchange that ranks #54 on BitDegree Exchange Tracker. Phemex has a trading volume of $97,565,431 in the last 24 hours and $13,248,425,919 in the last 7 days.

Phemex currently has 219 cryptocurrencies, 0 fiat currencies and 284 markets (cryptocurrency trading pairs). The most popular trading pair on Phemex is BTC/USDT.

Read the full expert review of Phemex reported here: Phemex Review.

Compare Phemex side-by-side with other exchanges here: Exchange Comparison Tool.

Phemex is a Singaporean centralized cryptocurrency exchange (CEX). Launched in 2019, the Phemex crypto exchange offers spot and derivatives markets, margin and copy trading, and a P2P marketplace. Additionally, customers can access earning and savings programs and join the VIP program.

The Phemex cryptocurrency exchange is KYC-compliant and requires ID verification. Services are restricted to users from regions including Canada (Quebec and Alberta), South Korea, China, the USA, and the UK. Trading can be accessed on desktop and mobile devices.

Markets

Phemex supports both crypto-crypto and crypto-fiat trading. There are more than 240 Phemex trading pairs listed, using more than 230 digital and fiat assets. Supported fiat currencies include the US dollar (USD) and the Turkish lira (TRY).

The Phemex spot markets include stablecoin, fiat, DeFi, NFT, and metaverse. Traders that handle large-scale transactions can also access over-the-counter (OTC) trading services. Individual and commercial traders can join various programs, including Phemex VIP, All-Star, and Institution Client.

Margin trading, known as Contract Trading on the platform, offers contracts with up to 100x leverage. Additionally, customers can access copy trading. It’s a mechanism that allows you to select strategies used by prominent traders on the Phemex crypto exchange and copy them.

The Phemex exchange fees follow a multi-tier structure and the maker-taker model. There are eight tiers, going from VIP0 to VIP7. The base rate for non-VIP (VIP0) users is 0.1% for both makers and takers.

The VIP discounts are determined by the 30-day Phemex trade volume, as well as the average hourly balance during the previous day. The required data is updated daily. VIP1 users pay maker-taker fees of 0.07% and 0.09%, respectively. Starting at VIP6, maker fees are down to zero.

By default, the Phemex crypto price rate is listed in USD. However, customers trading with the Turkish lira will have their fees calculated using this currency. For crypto-TRY trading pairs, the base fee rate is 0.08%. VIP users may be eligible for maker discounts of up to 0.02%. The taker fee rate is fixed at all VIP levels.

For Contract and perpetual trading, the default Phemex crypto fees are 0.01% for makers and 0.06% for takers. Makers that add quotes to the order book are eligible for rebates. Funding fees are charged regularly on both long and short positions. However, there are no overnight fees.

There are no fees on crypto deposits. The minimum required Phemex crypto price to deposit an asset may vary. For example, the minimum Bitcoin deposit is 0.00000001 BTC, while for Ethereum, it’s ​​0.00000001 ETH. Withdrawal fees are also asset-dependent and are charged in the withdrawn currency.

Other Services

The Phemex cryptocurrency exchange offers additional financial services. The P2P Marketplace supports direct crypto purchases. Digital assets can be bought from other users using fiat. Credit card purchases are also supported.

Phemex Prediction Markets is a unique service on the exchange. The company has been the first to introduce this type of product in the crypto space. Rather than a traditional Phemex spot or derivatives market, users participate in prediction pools by voting on possible future outcomes of events, like who will become the next US president.

Phemex Savings enables customers to earn passive income using a flexible or fixed-interest contract. Users can deposit crypto assets into a savings account. In some instances, accumulated interest can be redeemed early.

Phemex Launchpool is a staking platform that also enables passive income. It’s not to be confused with the Phemex Launchpad, which is a platform for new and upcoming tokens. Users can gain early access to airdrops and new releases. Token allocation and costs may vary between different projects.

Phemex offers its users a Learn and Earn program. Customers can access interactive resources and receive various trading bonuses, vouchers, and discounts for completing educational modules.

Developers can access Phemex API services. By generating an API key, users can access information about the Phemex volume, up-to-date market data, and trading positions.

About the Company

The Phemex cryptocurrency exchange was founded by Jack Tao in November 2019. The development team involved several industry professionals from Morgan Stanley. The company headquarters are located in Singapore. By 2022, the platform had amassed more than 5 million registered users.

Phemex was initially launched as a derivatives exchange. The company behind the platform, Phemex Financial Pte, maintains all funds in cold wallets to reinforce financial security. Additionally, trading data is maintained in firewall-protected cloud servers. Users can create main and sub-accounts to manage their assets.

According to data from 2020, the Phemex crypto exchange can handle at least 300,000 transactions per second (TPS). In February of that year, three months after its launch, it was reported that the Phemex trade volume exceeded $1 billion, with more than 150,000 users signing up.

In October 2021, Phemex launched its Turkish division, Phemex TR. The platform runs separately from the global Phemex exchange, although the latter also provides Turkish language support.

In December 2021, during its second anniversary, Phemex launched an NFT campaign, “Choose Your Reality”. In March 2022, Phemex introduced new metaverse tokens to its listings.

In August 2022, following changes in South Korean cryptocurrency regulations, the Phemex crypto exchange suspended its Korean language service. That month, support for the Turkish lira within the broader Phemex ecosystem was introduced.

Jack Tao is the CEO of the Phemex crypto exchange. He has over a decade of experience in business development, having previously worked as the VP of Electronic Trading at Morgan Stanley.

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