PHEMEX
✅ Active🏛️ Centralized
🏆 Arbi.TEAM 1/10
🏆 Arbi.TEAM 1/10
ID: phemex
📢 Public notice: Before arbitrage on PHEMEX, re-check withdrawal fee and network status right at transfer time.
🚨 Alert notice: During volatility spikes, withdrawals may be delayed and additional account risk checks may appear.
📋 Basic information
📊 Trading statistics
🪙 Coins in Arbi.TEAM578
🔗 Spreads3
📖 About exchange
Phemex
Exchange from ex-Morgan Stanley team
CEXTS —2019
—24h Volume
—Coins
—Pairs
—Rank
Basic Information
| Founded | 2019 |
| Country | British Virgin Islands |
| Type | Centralized Exchange (CEX) |
History
Phemex founded in 2019 by ex-Morgan Stanley employees. Initially focused on futures with TradFi-level performance.
In 2020 launched spot trading and PHX token. Released mobile app.
Known for zero maker fees on futures and deep liquidity.
Key Features
🏛️
Morgan Stanley Team
Investment banking experience.
📈
0% Futures
Zero maker fee.
💰
PHX Token
Fee discounts.
📱
Mobile App
High performance.
🔄
Copy Trading
Strategy copying.
Trading Fees
| Operation | Fee |
|---|---|
| Spot — Maker | 0.10% |
| Spot — Taker | 0.10% |
| Futures — Maker | 0.00% |
| Futures — Taker | 0.05% |
| PHX discount | Up to 20% |
Security
2FA and hardware keys
Cold storage
Proof of Reserves
Anomaly detection
Audits
Geography & KYC
Phemex in BVI. KYC mandatory. Unavailable in US and China.
Pros & Cons
Pros
- Zero maker fee
- TradFi team
- Fast execution
- Proof of Reserves
Cons
- Few spot altcoins
- Mandatory KYC
User Reviews
Professionals value speed and zero futures fees. Criticism on limited spot coin selection.
Phemex ideal for futures arbitrage.
Fast API with instant execution. Deep futures liquidity.