Cryptocurrencies futures trading has become extremely popular in recent times. Here at TTM we have reviewed many other derivative exchanges including PrimeXBT, ByBit, CoinEx, and more.
Today, we will be talking about a newcomer on the scene, Phemex.
Let's get started with this Phemex review by taking a little look into some information about the company itself.
What is Phemex?
Phemex is a new crypto derivatives trading company launched in Singapore is looking to bring institutional-grade derivatives trading to the crypto space.
Phemex was founded in 2019 by Jack Tao, a former Morgan Stanley veteran. The exchange is owned and operated under the company name Phemex Financial Pte. Ltd – a legally registered entity in Singapore.
Led by a team with a vast Wall Street trading experience, Phemex joins an expanding pool of crypto derivative brokers establishing a presence in Singapore.
The Phemex team consists of several Morgan Stanely executives with extensive experience in providing services within the financial sector.
According to their LinkedIn page, Phemex has between 11-50 employees.
Features
When looking at a potential exchange for derivatives trading cryptocurrencies with leverage, it is always wise to be aware of the features of the platform in order to make an informed decision on whether or not you would like to use it in the future.
So, let’s dig into some of the main features of the Phemex trading platform.
- BTC & USD contract settlements
- Up to 100x leverage trading
- Multiple order types
- Hierarchical Deterministic Cold Wallet System (HDCWS)
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