As the trading world turns its gaze on to cryptocurrencies, more and more platforms have been launched to satisfy the tremendous demand.
While many of them are attracting users on a mass scale rather than focusing on quality trade, Phemex.com has distinguished itself by offering a simple yet comprehensive and transparent platform.
If you are searching for a crypto and derivatives exchange that offers a comprehensive set of trading tools, as well as low fees, Phemex is worth a look.
Get to Know Phemex
Phemex.com was founded in 2019 by experienced Wall St. investor Jack Tao and his team. Phemex was born with the mission of simplifying and making trading tools more accessible to people around the world. It was also built with the goal of becoming the most reliable platform for crypto and derivatives trading.
Leveraging the experience, discipline, and knowledge of its leaders (former Morgan Stanley developers), Phemex not only delivers top-tier financial tools, but also peace of mind to all of its customers. All in all, Phemex has created a great trading platform that is characterized by simplicity, trust, and innovation.
Products and markets
Phemex.com offers traders a comprehensive list of solutions for digital assets trading. Users can purchase cryptocurrencies, trade these on spot markets, or trade leveraged perpetual contracts.
Their spot trading services are notable due to an innovative zero-fee model. Anyone with a premium membership is able to trade BTC, ETH, XRP, LINK, XTZ, LTC, ADA, TRX, ONT, BCH, and NEO against USDT without paying any commissions. Most of its competitors will charge you a 0.1-0.5% fee each time you buy or sell a coin.
In terms of derivatives, the platform offers BTC/USD, ETH/USD, XRP/USD, LINK/USD, XTZ/USD, LTC/USD, and even GOLD/USD perpetual contracts with up to 100x leverage. Phemex is one of the few exchanges where you are able to speculate on the price of a non-crypto asset such as gold. In the future, the company plans on…