NMLSRegulated
United States Crypto Asset Transfer License (MT)
PHEMEX
Basic Information
Country/RegionUnited Kingdom
Operating Period5-10 years
Company Name--
Contact Number--
Websitehttps://phemex.com/
Exchange AbbreviationPHEMEX
RiskNotice
3 risk alerts
- License No.
- 2222013
- Regulatory Jurisdiction
- United States
- Licensed Entity
- Phemex LTD
- Effective Date
- 2020-07-10
- Sharing Status
- No
User Feedback
3
Phemex primarily focuses on offering derivatives trading, including perpetual contracts, which are similar to futures contracts but without an expiration date, and options contracts that provide users the right to buy or sell assets at a predetermined price.
I deposited on 18th. The customer service did not reply to my withdrawal.
Asset Reserves
Exchanges with reserves exceeding 61.67%
23 /100
$272,600,000
USDT$114.96M
Capital flows
Exchanges with 24H inflows exceeding 48.33%
3 /100
+$655,830.12
0.24% StableTrading Volume
Exchanges with 24H trading volume exceeding 41%
59 /100
$747,870,000
0.63% 09:0013:0017:0021:0000:0004:0008:00
| Currency/Name | Trade | Unit Price | Change | 24H Vol | +2%/-2% Market Depth | Liquidity |
|---|---|---|---|---|---|---|
 | 0G/USDT | $0.18 | 0.28% | 11 | $4.28K/$1.82K | 11 |
| 1INCH/USDT | $0.07 | 4.35% | 210 | $10.30K/$11.38K | 210 |
| 1INCH/USDT | $0.07 | 4.35% | 0 | $0.00/$0.00 | 0 |
| 2Z/USDT | $0.07 | 1.57% | 0 | $0.00/$0.00 | 0 |
| 2Z/USDT | $0.07 | 1.57% | 245 | $8.78K/$7.24K | 245 |
| 4/USDT | $0.01 | 2.08% | 0 | $0.00/$0.00 | 0 |
| A/USDT | $0.07 | 1.08% | 210 | $11.56K/$9.88K | 210 |
| A/USDT | $0.07 | 1.08% | 0 | $0.00/$0.00 | 0 |
| AAOI/USDT | $124.53 | 12.04% | 0 | $0.00/$0.00 | 0 |
| AAPL/USDT | $314.95 | 0.79% | 0 | $0.00/$0.00 | 0 |
Exchange Overview
Exchange Overview
What Is Phemex?
Phemex is a user-first cryptocurrency exchange serving over 10 million traders worldwide. Founded in 2019 by former Morgan Stanley executives, the platform combines institutional-grade infrastructure with accessible tools for traders at all levels. Phemex offers spot and derivatives trading, copy trading, wealth management, and fiat services — all backed by 99.999% uptime and ultra-low latency execution (5-10ms).
The exchange maintains 100% Proof-of-Reserves with Merkle Tree Verification, ensuring complete transparency. With 600+ spot trading pairs, up to 100x leverage on derivatives, and a thriving copy trading community of 17,000+ experienced traders, Phemex delivers professional-grade tools with a customer-centric approach.
Who Are the Phemex Founders?
Phemex was founded by former senior executives from Morgan Stanley who brought their Wall Street expertise to the crypto industry. The founding team saw the need for a platform that challenged the inefficiencies and exclusivity of traditional finance while putting users first. Their vision was to create an exchange that combined institutional-grade infrastructure with inclusive access, ensuring that everyone, regardless of background, can access the same financial tools and opportunities.
When Did Phemex Launch?
Phemex was founded in November 2019 and has grown to serve over 10 million users globally with strong presence across Eastern Europe, Latin America, MENA, and Southeast Asia.
---
Where Is Phemex Located?
Phemex is registered in the British Virgin Islands under Phemex Ltd, and operates with a remote-first, decentralized structure serving users globally. The company maintains an international presence with localized teams in key markets across multiple continents.
Phemex Restricted Countries
Phemex serves users worldwide, though services are restricted in certain jurisdictions due to regulatory compliance. For the current list of restricted territories, please refer to Phemex's Terms of Use. For fiat deposit and withdrawal restrictions, see the List of Supported and Restricted Countries for Fiat.
What Coins Are Supported on Phemex?
Phemex offers 600+ spot trading pairs and 500+ futures trading pairs. Popular cryptocurrencies include: BTC, ETH, USDT, USDC, BNB, SOL, XRP, ADA, DOGE, AVAX, MATIC, DOT, LINK, LTC, SHIB, UNI, ATOM, APE, AAVE, MANA, FTM, SAND, COMP, ZEC, and more.
How Much Are Phemex Fees?
Phemex maintains competitive and transparent fee structures designed to accommodate traders at all levels. The platform offers volume-based discounts for high-frequency traders and charges zero fees on cryptocurrency deposits to trading accounts. Withdrawal fees vary by asset and network conditions. For complete and current fee details, visit Phemex's Fee Structure.
Is It Possible To Use Leverage or Margin Trading on Phemex?
Yes, Phemex offers comprehensive leveraged trading. Futures: Up to 100x leverage on USDT-margined and coin-margined perpetuals with unified margin system. Margin Trading: Cross-margin and isolated margin modes with advanced order types including OCO orders and trailing stops. Automation: Grid bots, Martingale strategies, copy trading with 17,000+ traders, and basket orders.
Business Region
InfluenceAA0
2
4
6
8
10
Deposit/Withdrawal
Trade TypeP2P
InstrumentExpress
Supported Fiat
Minimum Deposit$50
Payment MethodSWIFT、SEPA、FASTERPAYMENTS、VISA、MASTER、ACH、Wire Transfer、Legend、MASTERCARD、Credit/Debit Card、Mercuryo
User Feedback 3
This brand has not yet joined WikiBit platform. All feedback is publicly displayed.
snazii
Phemex primarily focuses on offering derivatives trading, including perpetual contracts, which are similar to futures contracts but without an expiration date, and options contracts that provide users the right to buy or sell assets at a predetermined price.
FX2251110543
I deposited on 18th. The customer service did not reply to my withdrawal.
FX2251110543
The platform was likely to run away.