Phemex Limited

Phemex is a global cryptocurrency exchange and derivatives trading platform founded in 2019 by former Morgan Stanley executives. Headquartered in Singapore, the company's mission is to build a forward-thinking crypto platform that prioritizes users, offering reliable tools, inclusive access, and opportunities for growth. Its overarching vision is "Freedom Through Finance," aiming to create an open financial world where institutional-grade tools are accessible to everyone.

Phemex provides a comprehensive suite of services for both retail and institutional traders, including high-liquidity spot trading for over 600 crypto assets and advanced futures trading with perpetual contracts offering up to 100x leverage. The platform also integrates automated strategy trading bots, professional copy trading, and secure wealth management products under "Phemex Earn," which includes fixed and flexible savings, staking, and on-chain earning opportunities. Additionally, Phemex employs a "semi-centralized" hybrid model that incorporates Web3 features like DAO governance and identity NFTs.

Led by CEO Federico Variola, Phemex serves over 10 million users globally and emphasizes security through a 100% Proof of Reserves system and high-performance infrastructure. Recent developments include the launch of a Prediction Market powered by Polymarket in April 2026, expanding with daily crypto forecasting events, and a strategic "AI-native shift" announced in February 2026 to integrate artificial intelligence across its platform. While striving for global regulatory compliance, holding a US FinCEN MSB license and Lithuanian VASP registration, Phemex has faced regulatory actions in jurisdictions like Ontario, Canada, for operating without proper registration.