ArbiLayer
Centralized exchangeProof of reserves

Phemex

Singapore-founded crypto exchange offering spot, perpetual futures, trading bots and copy trading, with monthly Merkle-tree proof of reserves.

Volume (24h)$939.58MUSDT markets tracked live
Coins234with USDT pairs
Spot / Perp markets176 / 134tracked by ArbiLayer
Base fees0.01% / 0.06%maker / taker, futures

About Phemex

Singapore-founded crypto exchange offering spot, perpetual futures, trading bots and copy trading, with monthly Merkle-tree proof of reserves.

Spot
Maker0.1%
Taker0.1%
Base tier
USDT-M futures
Maker0.01%
Taker0.06%
Base tier
  • Pay with PT: 20% off spot and 10% off futures fees
  • VIP levels recalculated daily on 30-day volume, assets or vePT holdings; top tier reaches 0% futures maker

Withdrawals: network-dependent, per asset

New users

Up to $15,000 in trading vouchers via Rewards Hub

  • Complete KYC
  • Make a first deposit
  • Complete a first trade
Claim on Phemex ↗Terms and regional eligibility vary. Check the offer page before signing up.

Phemex VIP

VIP program ↗

Tier is based on 30-day trading volume, 30-day average asset balance or vePT holdings.

TierRequirementSpot makerSpot takerFutures makerFutures taker
RegularDefault0.1%0.1%0.01%0.06%

Proof of reserves

✓ Reserves verifiedReport ↗
Proof of reserves
Published
Snapshot
Feb 1, 2026
Method
Merkle tree
Frequency
Monthly
  • BTC 137%
  • ETH 149%
  • USDT/USDC 113.7%
  • SOL 147%
  • XRP 140%

Company

Founded
2019
Headquarters
Singapore
Token
PTFee discounts (20% spot, 10% futures), vePT counts toward VIP level, launchpad access, revenue-linked burns

Leadership

FVFederico VariolaCEO

Products

SpotPerpetual futuresTradFi contractsTrading botsCopy tradingEarnLaunchpad

Licences & registrations

US FinCEN MSB registrationLithuania VASP registration

Not available in

United StatesCanadaUnited KingdomChinaHaitiSouth Africa

Incidents & regulatory history

  1. 2025January 2025 hot-wallet hack attributed to Lazarus Group; losses estimated at $69M-$85M, covered by the company; cold wallets unaffected.

Volume, last 7 days

7 days agonow

Top markets

ArbiLayer does not track live markets on this exchange yet.
Sources · checked Oct 1, 2026
  1. phemex.com
  2. phemex.com
  3. forklog.com
  4. fxempire.com
  5. halborn.com