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Phemex

CEXRank #70

Launched: 2019-11-25

Volume 24h
$2.30B
Volume 7d
$16.27B
Volume 30d
$70.87B
Vol. Change 24h
-5.65%
Trading Pairs
1,083
Coins Listed
651
Monthly Visits
7.65M
Weekly Visits
1.78M
Best Referral Code
D6QRG9
Liquidity (24h)
$684
Traffic Score
790
Maker / Taker Fee
0.01% / 0.06%

Phemex Trading Volume History

Daily 24h volume snapshots collected by DEXCEX

$2.91B$2.42B$1.93B$1.43BMar 28Apr 12Apr 28
Latest
$2.30B
Avg
$2.28B
Range
$1.56B$2.79B
Period change
+3.35%

Trade on Phemex

Access 1,083 trading pairs across 651 coins directly on Phemex.

Tags

order-book-exchangeauto-order-book-exchange

Top trading pairs on Phemex

Showing top 15 of 1,083 live pairs by 24h trading volume.

#PairPrice
1
BTC/USD
$75,969.02
2
BTC/USDT
$75,984.17
3
BTC/USDT
$75,950.56
4
ETH/USD
$2,275.74
5
SOL/USD
$83.4029
6
ETH/USDT
$2,277.23
7
USDC/USDT
$0.999788
8
BTC/USDC
$75,983.81
9
ETH/USDT
$2,276.1
10
ETH/USDC
$2,276.18
11
SOL/USDT
$83.4196
12
BNB/USDT
$622.8226
13
XRP/USDT
$1.3746
14
SOL/USDT
$83.4323
15
TRX/USDT
$0.322732

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.

Phemex in the CEX Ranking on dexcex.io

Phemex is tracked in the CEX Ranking on dexcex.io alongside every other major centralized exchange. It currently sits at #70 in our CEX Ranking based on 24h trading volume, exchange score, liquidity and web traffic.

Compare Phemex's 24h volume and fees against other top venues in the CEX Ranking on dexcex.io, then check how its listed assets perform inside the crypto rankings to spot which markets are driving its volume.

dexcex.io combines the DEX Ranking, the CEX Ranking and full crypto rankings in one portal, so you can move from this Phemex profile straight into the broader market context without leaving the site.

Frequently Asked Questions about Phemex

What is Phemex and is it a DEX or CEX?
Phemex is a centralized exchange (CEX), launched on 2019-11-25. As a CEX, it acts as an intermediary matching buyers and sellers with order books and custodial wallets.
How does Phemex work?
Phemex operates as a centralized exchange where users create an account, deposit funds (crypto or fiat), and place buy or sell orders through the platform's order book. The exchange matches orders between buyers and sellers and holds user funds in custodial wallets. Phemex currently offers 1,083 trading pairs across 651 listed cryptocurrencies.
How does Phemex differ from other centralized exchanges?
Phemex stands out among CEXs with a 24-hour trading volume of $2.30B. It is currently ranked #70 among CEX platforms on DEXCEX. Key differentiating factors for CEXs include fee structure (Phemex charges 0.01% maker / 0.06% taker), number of supported assets, trading products (spot, futures, margin), regulatory status, and security measures.
What is Phemex's 24h trading volume?
Phemex currently has a 24-hour trading volume of $2.30B, which has changed by -5.65% compared to the previous day. The 7-day volume is $16.27B and the 30-day volume is $70.87B. CEX volume is a key indicator of exchange liquidity and activity.
How many trading pairs does Phemex support?
Phemex currently supports 1,083 trading pairs across 651 listed coins. More trading pairs generally means more options for traders to diversify their crypto portfolio.
What are Phemex's trading fees?
Phemex charges a maker fee of 0.01% and a taker fee of 0.06%. Fees can vary depending on trading volume tier, VIP status, and whether you use the platform's native token for fee discounts.
Where does Phemex rank among CEX exchanges?
Phemex is ranked #70 in the CEX ranking on DEXCEX based on trading volume, liquidity score, web traffic and other key metrics.
What is the difference between a DEX and a CEX?
A DEX (decentralized exchange) lets users trade crypto directly from their wallets via smart contracts — there is no central authority holding funds. A CEX (centralized exchange) acts as a middleman, holding user deposits and matching orders through a centralized order book. DEXs offer self-custody and transparency, while CEXs typically provide faster execution, fiat on-ramps, and more advanced trading products. Phemex is a CEX, providing a managed trading environment with additional features.
How much web traffic does Phemex receive?
Phemex receives approximately 7.65M monthly visits (1.78M weekly). Web traffic is an important metric for evaluating exchange popularity and user adoption in CEX rankings.
What is Phemex's liquidity score?
Phemex has a liquidity score of 684.0 out of 1000. A higher liquidity score means tighter spreads, less slippage, and better execution for traders. Liquidity is one of the most important factors when choosing a centralized exchange.
Is Phemex safe to use for crypto trading?
Phemex is listed on DEXCEX. As a centralized exchange, security depends on the platform's infrastructure, insurance funds, and regulatory compliance. Always enable two-factor authentication and withdraw large holdings to personal wallets. DEXCEX provides data and rankings but does not endorse any specific exchange.