Exchange data profile
Phemex Spot & Derivatives Market Data & Specifications
Global cryptocurrency spot and derivatives exchange featuring high-performance execution, institutional-grade perpetual futures, copy trading tools, and Phemex Financial crypto earn programs
Comprehensive market data, spot trading specifications, fee schedules, and regulatory compliance status for Phemex Exchange.
Visit Website ↗- Spot maker
- 0.10% (Standard base tier maker fee, lowerable via VIP volume schedules and PT token holding discounts)
- Spot taker
- 0.10% (Standard base tier taker fee, lowerable via VIP volume schedules and PT token holding discounts)
- Supported coins
- 300+
- Trading pairs
- 350
Last audited: August 13, 2026
Market overview
- Founded
- 2019
- Headquarters
- Singapore / Global Operations (Serving 5+ Million Registered Users)
- Daily volume tier
- Tier 1 / Tier 2 (> $1 Billion Global Trading Volume)
- Proof of reserves
- Verified (Cryptographic Merkle Tree Solvency Audits & On-Chain Proofs)
- Reserve audit date
- 2026-Q2 Financial and Reserve Disclosures
- Audit method
- Independent Cryptographic Asset Verification & On-Chain Solvency Frameworks
Platform features
- Spot Trading & Advanced Order Book Infrastructure
- Perpetual Futures Contracts with Customizable Leverage up to 100x
- Phemex Financial Staking and Crypto Earn Products
- Professional Copy Trading Ecosystem for Derivatives Strategy Replication
- Low-Latency REST and WebSocket APIs for Institutional Traders
Spot trading fees
| Fee Type | Rate |
|---|---|
| Spot maker fee | 0.10% (Standard base tier maker fee, lowerable via VIP volume schedules and PT token holding discounts) |
| Spot taker fee | 0.10% (Standard base tier taker fee, lowerable via VIP volume schedules and PT token holding discounts) |
| BNB / platform discount | Not applicable (Operates independent platform fee structures and native platform token benefits) |
| VIP fee tiers | Yes |
| Fiat deposit fee | Varies by third-party fiat gateway partner (MoonPay, Banxa, Mercuryo, Coinify) |
| Fiat withdrawal fee | Varies by asset-specific network routing, blockchain gas costs, and gateway channels |
Security & compliance
- KYC requirement
- Mandatory Tier-based Identity Verification (Level 1 and Level 2 KYC required for full platform trading access)
- Insurance / reserve fund
- Multi-signature cold storage asset partitioning and dedicated platform risk mitigation reserves
- VIP fee tiers
- Yes
- Fiat deposit fee
- Varies by third-party fiat gateway partner (MoonPay, Banxa, Mercuryo, Coinify)
- Fiat withdrawal fee
- Varies by asset-specific network routing, blockchain gas costs, and gateway channels
Two-factor authentication
- Google Authenticator
- SMS Verification
- Email OTP
- Anti-Phishing Code
- Fund Password
Regulatory registrations and licenses
- International digital asset operational registrations and compliance frameworks
Highlights and considerations
Highlights
- Global cryptocurrency exchange serving over 5 million registered users across 200+ countries
- Competitive baseline spot and derivatives trading fees set at 0.10% with progressive VIP volume tier discounts
- Robust derivatives suite supporting perpetual futures up to 100x leverage and professional copy trading
- Multi-signature cold storage security architecture and routine cryptographic Proof of Reserves audits
Considerations
- Mandatory KYC identity verification required for full platform trading and asset withdrawal capabilities
- Advanced derivatives and high-leverage products carry significant liquidation risks during sharp market corrections
- Fiat deposit options rely primarily on integrated third-party gateway providers rather than native direct banking rails
Frequently asked questions
What are Phemex spot trading fees?
What are Phemex futures and derivatives trading fees?
How many cryptocurrencies does Phemex support?
Is Phemex safe and does it publish Proof of Reserves?
Does Phemex require identity verification (KYC)?
Recommended alternatives
Full review
Phemex, established in November 2019 by a team of former Wall Street executives and quantitative traders, operates as a prominent centralized cryptocurrency exchange providing advanced spot markets, high-performance perpetual futures contracts, and professional financial services. Serving an active user base exceeding 5 million registered participants across more than 200 countries and regions worldwide, Phemex is engineered to deliver ultra-low latency transaction execution, deep order book liquidity, and institutional-grade risk management controls. The platform supports an inventory of over 300 digital cryptocurrencies and more than 350 trading pairs, bridging foundational capital assets such as Bitcoin (BTC), Ethereum (ETH), USDT, and Solana (SOL) with structured derivative instruments and yield-generating financial tools. This technical and operational profile documents its spot and derivatives fee schedules, supported asset metrics, security architecture, and market position as of August 2026.
Spot Market Liquidity & Execution Architecture
Phemex maintains consistent order book depth across mainstream digital assets and high-capitalization trading pairs, heavily concentrated on major liquidity drivers like BTC/USDT and ETH/USDT. The exchange's matching infrastructure is engineered to handle massive order throughput with low latency and tight bid-ask spreads, minimizing slippage during periods of high market volatility. High-frequency traders and quantitative developers connect via enterprise-grade REST and WebSocket APIs to execute automated trading strategies across spot and perpetual futures markets with high precision.
Fee Architecture, VIP Tiers & Platform Token Discounts
The standard baseline spot and derivatives trading fee on Phemex is structured competitively at 0.10% for both makers and takers across standard accounts. Active participants, high-volume traders, and professional market makers can significantly optimize operational transaction expenses by scaling trailing 30-day trading volume thresholds across progressive VIP tier schedules, or by utilizing platform token holdings for transaction fee deductions.
Derivatives Trading, Copy Trading & Phemex Financial Earn
A core operational strength of Phemex is its robust derivatives suite, offering USDT-margined perpetual futures contracts with customizable leverage options scaling up to 100x on major capital pairs. Furthermore, Phemex integrates a professional copy-trading ecosystem, allowing retail users to automatically mirror the strategies, position sizing, and risk management parameters of verified lead traders in real time. The platform also offers Phemex Financial earn programs, enabling users to deposit idle digital assets into rewarding yield pools with structured withdrawal flexibilities.
Security Infrastructure & Solvency Transparency
Phemex enforces multi-layered cybersecurity protocols supervised by experienced risk management teams. Core defenses include multi-factor authentication controls, fund passwords, anti-phishing codes, and withdrawal address whitelisting. Customer digital assets are secured primarily in offline multi-signature cold storage wallets utilizing strict asset segregation. To ensure complete financial transparency, Phemex incorporates cryptographic verification controls and regular Merkle tree Proof of Reserves (PoR) auditing frameworks, confirming robust asset backing.
Regulatory Compliance & Onboarding Protocols
Operating internationally across global financial jurisdictions, Phemex maintains structured compliance standards aligned with global anti-money laundering (AML) protocols. Mandatory tiered identity verification (Level 1 and Level 2 KYC) is enforced for all registered accounts to prevent illicit financial activity and secure platform access.