Phemex

Derivative Trading Volume(24h)

$1,707,582,051.24

19,760 BTC

Open Interest

$3,514,709,645.72

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About Phemex

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.

Financial reserves

Updated at 12:03:12 AM

Total: $11,015,711.87

Reported directly by the exchange

Token	Balance	Price	Value
USDT 0xf7D1...78ca49	10,896,508.48	$0.9995	$10,891,734.3

Only wallets with >500,000 USD balance are shown
* Balances from these wallets may be delayed

Token Allocation

Disclaimer:
All information and data relating to the holdings in the third-party wallet addresses are based on public third party information. CoinMarketCap does not confirm or verify the accuracy or timeliness of such information and data.

CoinMarketCap shall have no responsibility or liability for this public third party information and data. CoinMarketCap shall have no duty to review, confirm, verify or otherwise perform any inquiry or investigation as to the completeness, accuracy, sufficiency, integrity, reliability or timeliness of any such information or data provided.

Markets

SpotSpot
PerpetualPerpetual
FuturesFutures

Pair

All

#	Currency	Pair	Price	Index Price	Basis	Volume	Volume %	Funding rate	Open interest
1	Bitcoin	BTC/USD	$86,361.40	$86,403.75	0.05%	$278,161,381	16.29%	0.01%	$1,804,510,459.19
2	Bitcoin	BTC/USDT	$86,380.19	$86,405.86	0.03%	$273,557,092	16.02%	0.00%	$129,107,248.78
3	Bitcoin	BTC/USDC	$86,366.20	$86,407.88	0.05%	$181,209,191	10.61%	<0.01%	$37,790,430.98
4	Solana	SOL/USDT	$122.64	$122.72	0.07%	$111,448,294	6.53%	0.00%	$33,663,058.82
5	Ethereum	ETH/USDC	$2,825.23	$2,826.78	0.05%	$101,132,127	5.92%	0.01%	$99,891,819.65
6	Ethereum	ETH/USDT	$2,825.57	$2,826.71	0.04%	$94,778,885	5.55%	<0.01%	$117,745,577.17
7	Ethereum	ETH/USD	$2,825.69	$2,826.64	0.03%	$57,694,247	3.38%	<0.01%	$372,094,105.12
8	BNB	BNB/USDT	$833.75	$833.36	-0.05%	$49,955,851	2.93%	-	$31,769,340.09
9	Sui	SUI/USDT	$1.40	$1.40	0.09%	$34,110,565	2.00%	<0.01%	$4,770,071.77
10	XRP	XRP/USDT	$1.83	$1.83	0.08%	$22,036,200	1.29%	-0.01%	$48,662,211.46
11	Chainlink	LINK/USDT	$12.12	$12.13	0.06%	$15,305,891	0.90%	<0.01%	$11,740,432.84
12	Sui	SUI/USD	$1.40	$1.40	0.13%	$12,309,475	0.72%	0.00%	$5,663,221.00
13	Dogecoin	DOGE/USDT	$0.1248	$0.1249	0.05%	$10,292,478	0.60%	0.01%	$22,910,819.41
14	Cardano	ADA/USDT	$0.3612	$0.3614	0.04%	$10,202,041	0.60%	0.01%	$20,599,922.11
15	Optimism	OP/USDT	$0.2686	$0.2687	0.05%	$9,344,310	0.55%	0.01%	$3,300,262.80
16	Bitcoin Cash	BCH/USDT	$531.64	$531.85	0.04%	$9,217,081	0.54%	<0.01%	$2,635,385.11
17	Bittensor	TAO/USDT	$228.32	$228.33	<0.01%	$8,944,576	0.52%	0.01%	$1,849,259.06
18	Arbitrum	ARB/USDT	$0.1811	$0.1814	0.18%	$8,837,261	0.52%	0.01%	$4,438,747.83
19	Stellar	XLM/USDT	$0.2079	$0.2081	0.09%	$7,960,174	0.47%	0.01%	$4,339,913.51
20	Litecoin	LTC/USDT	$75.05	$75.11	0.08%	$7,508,183	0.44%	0.01%	$8,903,828.47
21	Ethena	ENA/USDT	$0.2006	$0.2007	0.05%	$6,777,516	0.40%	<0.01%	$1,260,211.92
22	XRP	XRP/USDC	$1.83	$1.83	0.05%	$6,558,928	0.38%	0.01%	$1,449,114.52
23	Ethereum Classic	ETC/USDT	$11.96	$11.97	0.10%	$5,928,323	0.35%	-0.01%	$1,463,993.67
24	Fartcoin	FARTCOIN/USDT	$0.2886	$0.2888	0.07%	$5,621,313	0.33%	<0.01%	$6,003,357.49
25	NEAR Protocol	NEAR/USDT	$1.46	$1.46	0.07%	$4,743,967	0.28%	0.01%	$2,866,647.27
26	dogwifhat	WIF/USDT	$0.3471	$0.3478	0.20%	$4,626,624	0.27%	0.01%	$2,323,835.72
27	Zcash	ZEC/USDT	$391.47	$391.66	0.05%	$4,506,962	0.26%	0.01%	$1,343,036.64
28	River	RIVER/USDT	$3.15	$3.14	-0.17%	$4,412,498	0.26%	<0.01%	$1,139,746.39
29	Midnight	NIGHT/USDT	$0.06391	$0.06415	0.37%	$4,284,821	0.25%	-0.04%	$3,016,981.60
30	Avalanche	AVAX/USDT	$11.73	$11.73	0.06%	$3,966,931	0.23%	0.01%	$30,304,587.48
31	Cysic	CYS/USDT	$0.2484	$0.249	0.25%	$3,909,546	0.23%	<0.01%	$1,048,356.78
32	Four	FORM/USDT	$0.3385	$0.3385	-0.03%	$3,861,716	0.23%	0.01%	$858,502.56
33	Aave	AAVE/USDT	$176.50	$176.58	0.05%	$3,763,447	0.22%	0.01%	$3,591,954.25
34	Giggle Fund	GIGGLE/USDT	$61.97	$62.03	0.09%	$3,586,321	0.21%	<0.01%	$487,019.92
35	OFFICIAL TRUMP	TRUMP/USDT	$5.04	$5.05	0.11%	$3,413,427	0.20%	-0.01%	$2,645,243.08
36	Aster	ASTER/USDT	$0.6791	$0.6797	0.09%	$3,384,279	0.20%	<0.01%	$2,128,457.35
37	MANTRA	OM/USDT	$0.06824	$0.06833	0.13%	$3,275,954	0.19%	<0.01%	$797,953.80
38	Ondo	ONDO/USDT	$0.3821	$0.3826	0.13%	$3,251,562	0.19%	<0.01%	$3,015,953.73
39	Folks Finance	FOLKS/USDT	$6.43	$6.45	0.41%	$3,208,828	0.19%	-0.06%	$1,334,910.51
40	Audiera	BEAT/USDT	$2.68	$2.74	2.34%	$3,163,157	0.19%	-1.46%	$2,305,737.41
41	Portal To Bitcoin	PTB/USDT	$0.003228	$0.003232	0.11%	$3,128,998	0.18%	<0.01%	$793,378.80
42	Momentum	MMT/USDT	$0.1834	$0.1834	<0.01%	$3,100,237	0.18%	-0.06%	$4,141,217.04
43	TerraClassicUSD	USTC/USDT	$0.007506	$0.007517	0.15%	$3,064,525	0.18%	-0.07%	$1,263,182.51
44	Toncoin	TON/USDT	$1.47	$1.47	0.10%	$3,032,485	0.18%	0.01%	$2,395,241.69
45	Solana	SOL/USDC	$122.65	$122.72	0.05%	$3,015,138	0.18%	0.01%	$1,527,558.60
46	World Liberty Financial	WLFI/USDT	$0.1232	$0.1236	0.25%	$3,004,373	0.18%	-0.02%	$562,643.08
47	Power Protocol	POWER/USDT	$0.3523	$0.352	-0.09%	$3,002,343	0.18%	<0.01%	$1,136,385.84
48	Aptos	APT/USDT	$1.47	$1.47	0.08%	$2,973,043	0.17%	0.01%	$1,188,385.49
49	Injective	INJ/USDT	$4.55	$4.56	0.13%	$2,948,705	0.17%	<0.01%	$1,918,594.30
50	Curve DAO Token	CRV/USDT	$0.3458	$0.346	0.06%	$2,914,188	0.17%	0.01%	$1,995,442.07

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CoinMarketCap

Exchanges

Phemex

Cryptos: 28.47M

Exchanges: 907

Market Cap:

$2.91T

1.67%

24h Vol:

$116.29B

17.18%

Dominance: BTC: 59.3% ETH: 11.7%

ETH Gas:

Fear & Greed:

22/100

API