Ex-Morgan Stanley employees launched the Phemex cryptocurrency exchange (https://phemex.com/).
From the pros, you can distinguish:
➕ Possible using 100 times leverage.
➕Commissions: (-0.025% - maker), (+ 0.075% - taker).
➕ Automated trading through the API is available.
➕ There is a registration bonus and a deposit bonus.
Of the minuses, it can be noted:
➖Cups are not as dense as on https://www.bitmex.com/ and
➖ A small number of traded pairs: BTC / USD, ETH / USD, XRP / USD.
➖ The quality of the displayed graphical information for technical analysis.
➖ The exchange is not regulated yet, the company plans to obtain a license from the financial regulator of Singapore.
Summarizing the above, it should be noted that Phemex has the potential, subject to the regulatory rules established in the global crypto community.
Entering the market of a new platform with the possibility of margin trading is always a good opportunity to find arbitrage conditions.
Regards, BitJackass (https://t.me/BitJackass)