Because Bitcoin x Phemex
BecauseBitcoin and Phemex announce their collaboration to empower cryptocurrency traders
Valentin
November 2, 2023
BecauseBitcoin is thrilled to announce its partnership with Phemex, a prominent cryptocurrency derivatives trading exchange.
Phemex has been rapidly gaining popularity since its launch in 2019, thanks to its low fees, deep liquidity, user-friendly interface, and a wide range of offerings, including spot, contract, and margin trading.
Phemex caters to a diverse clientele, from crypto newcomers to seasoned investors. The platform offers a wealth of resources, including educational guides, charts, a quick registration process, a convenient mobile app, referral programs, and opportunities for passive income generation. One of the standout features of Phemex is its capability to handle 300,000 transactions per second, with an order response time of less than 1 millisecond. They are also one of the first exchanges to implement the RAFT Algorithm which allows 7*24 uptime, no downtime, especially during periods of high market volatility.
About Phemex's Founders and Background
Phemex was founded in November 2019. The CEO and founder, Jack Tao, brings a wealth of experience to the project. He is a former Software Engineer and VP of Morgan Stanley, with over a decade of expertise in developing algorithmic trading platforms. Jack Tao's traditional finance background has been instrumental in shaping Phemex into a cutting-edge cryptocurrency exchange.
Why choose Phemex?
Phemex's Global Presence and Supported Assets
Phemex is currently serving over 5 million active users in more than 200 countries. While offering access to over 250 assets, the platform boasts 137+ contract trading pairs and 238+ spot trading pairs. Cryptocurrencies available for trading include BTC, ETH, USDT, DOGE, XRP, LINK, ADA, and numerous others.
Transparent Fee Structure
Phemex's fee structure is designed to provide flexibility and cost-effectiveness to its users. The platform charges a 0.1% spot fee for market makers and takers, with discounts available for high-volume traders. Contract trading fees are based on a Maker-Taker model, with 0.06% for Market Takers and 0.01% for Market Makers. Phemex also offers higher fee discounts - VIP fees - for high volume traders. Additionally, Phemex does not impose fees on crypto deposits to trading accounts.
Leverage and Margin Trading
Phemex empowers traders with up to 100x leverage, offering leverage trading for a range of perpetual contracts, including ETHUSD, BTCUSD, LTCUSD, LINKUSD, XRPUSD, and XTZUSD.
… and much more
BecauseBitcoin and Phemex share a commitment to honesty, integrity, and transparency within the cryptocurrency space. This partnership will bring valuable insights and educational resources to traders, enabling them to navigate the complex and exciting world of cryptocurrency trading with confidence.