what's phemex?
Phemex is a centralized cryptocurrency exchange founded in 2019 by Jack Tao, a former Morgan Stanley executive, specializing in spot and derivatives trading. It supports trading of major cryptocurrencies like BTC, ETH, and altcoins with up to 100x leverage on futures contracts, while handling high transaction volumes with low latency. The platform offers features such as instant crypto purchases, educational resources, referral programs, and passive income opportunities through staking and savings. Phemex emphasizes security, user-friendly mobile apps, and global accessibility, including promotions like deposit bonuses and fee discounts for VIP users. It serves both beginners and professional traders with tools for algorithmic trading and sub-accounts.
Phemex upgraded liquidity functionality with RPI orders for maker-only USDT-M/USDC-M futures.
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Upgraded liquidity functionality by introducing RPI orders that add maker-only liquidity for USDT-M and USDC-M futures.
Launched an end-of-year promotion offering new sign-ups a $100 position voucher, $20 trading bonus, and VIP 2 trial with withdrawable profits.
Launched Moving Grid, a grid bot feature that automatically adjusts its trading range with price movements to adapt to trending and volatile markets.
Co-hosts event at Rosewood Hotel with 350 hand-picked guests featuring builders from Polygon, Aave, Chainlink, NEAR, Aptos, and Ledger.
Platform celebrates 6th anniversary with a $6,000,000 prize pool promotion featuring rewards including a Rolex, iPhones, and cash prizes.
New user promotion launches with $100 position airdrop and bonus credits for the first 50 early deposits.
Co-hosts the 7th edition of LONGITUDE event with Cointelegraph on December 11 in Abu Dhabi, featuring panels on privacy, security, RWAs, and institutional adoption.
Platform launches futures trading bonus program with tiered rewards: $70 for $1M+ volume, $400 for $5M+ volume, and $850 for $10M+ volume.
Platform experienced a security hack on January 23.
Platform enables live trading of $MON token after Monad mainnet launch.
Month-long 6th anniversary festival now features $6,000,000 in total rewards, doubling the previously announced $3M prize pool, with rewards distributed across spot, futures, earn, fiat, and referral venues.
Exchange unveils new brand identity and reports reaching 10M+ users while entering 6th year, with plans for new products, stronger infrastructure, and deeper onchain integration.
Platform launches 6th Anniversary event with prize pool scaling up to $3M based on total activity, featuring mystery boxes, check-ins, and leaderboard competitions.
Platform launches APEX Futures Competition with $450,000 prize pool running November 4 to December 1, featuring daily ROI challenges, weekly/monthly rankings, and mystery box missions.
Platform launches new promotion offering $1,600 deposit bonus and $20,000 trading bonus with no KYC requirements.
Platform launches volume-based bonus promotion for futures traders with rewards ranging from $70 for $1M+ trading volume to $850 for $10M+ volume.
Platform offers gifted access spots to TradingStable service for traders.
New limited-time deposit campaign offers $3,000 cashback bonus for deposits of $10,000 or more.
New Market Confidence Campaign goes live to provide trader support through volatile market conditions.
Platform introduces sign-up promotion with $1,000 cash back for $5,000 deposits and 1 ETHEREUM top trading bonus.
Platform announces support for Slerf migration, enabling the token transition process for the Slerf project.
New promotional campaign launches offering 1-month VIP access and instant BTC Vault access to first 200 users signing up via partnership link.
Trading competition goes live offering iPhone 16 Pro Max and additional crypto rewards.
New promotion launches offering $50 bonus for $200+ deposits with one trade, up to $800 + 1 SOL in trading rewards, and monthly competition where 5 traders win 1 SOL each.
Platform upgrade introduces automated funding rate arbitrage bots accessible to all users.
BICO perpetual futures now available with 20x leverage.
New deposit bonus program offers up to $1,299 cashback on $15,000 deposits, plus automatic VIP Level 2 status with 50% spot and 40% futures fee discounts.
Trading fee discounts and futures/spot bonuses now available through welcome package promotion.
$5M trading competition launches June 9-30 with three prize pools: $3M team, $1.5M top trader, and $0.5M newcomer rewards