Phemex is a cryptocurrency derivatives platform and is the fastest Bitcoin futures trading platform.
Phemex empowers everyone to efficiently manage risk and trade simply. It is building the world’s most trustworthy cryptocurrency derivatives trading platform.
Phemex was founded in 2019 by eight former employees of Morgan Stanley. The company is headquartered in Singapore.
Phemex leverages a “User Oriented” approach to develop far more powerful features than any existing exchange for traders to easily buy & sell contracts with trust.
Phemex allows the trading of crypto contracts backed not only by crypto assets, but also by traditional financial products, such as stock indexes, interest rates, FOREX, commodities, metals, energy, and more.
Phemex built our own Hierarchical Deterministic Cold Wallet System, which assigns an independent deposit address to each user, so that all assets are kept in cold wallets. The company currently has 105,000 registered users.
Phemex has raised $3.5M in a Seed round on Mar 12, 2020. The investment was led by NGC Ventures.