February 20, 2024

Phemex Cryptocurrency Exchange

Ex-Morgan Stanley employees launched the Phemex cryptocurrency exchange (https://phemex.com/).
The advantages include:
➕Possiblyusing 100 times leverage.
➕Commissions: (-0.025% - maker), (+0.075% - taker).
➕Automated trading via API is available.
➕There is a registration bonus and a deposit bonus.

Of the minuses, it can be noted:
➖The glasses are not as dense as on https://www.bitmex.com/ and
➖A small number of traded pairs: BTC/USD, ETH/USD, XRP/USD.
➖Quality of displayed graphical information for technical analysis.
➖The exchange is not yet regulated; the company plans to obtain a license from the financial regulator of Singapore.

To summarize the above, it should be noted that Phemex has potential, subject to compliance with the regulatory rules established in the global crypto community.
The entry of a new platform into the market with the possibility of margin trading is always a good opportunity to find arbitrage conditions.

Sincerely, BitJackass (https://t.me/BitJackass)