Phemex just added 7 new trading pairs
Seven new trading pairs have appeared on the Phemex exchange
Phemex also offers 9 spot trading markets
Phemex is the first exchange to implement bracketing orders
International consortium of news organizations developing transparency standards.
Phemex Cryptocurrency and Derivatives Exchange has just added 7 new pairs for trading perpetual contracts: YFI / USD, ADA / USD, ALGO / USD, COMP / USD, DOT / USD, LEND / USD, BCH / USD.
Each pair is a line contract, quoted and settled in US dollars, which can be traded with up to 20x leverage. Six of the new coins are exciting DeFi projectsDecentralized Finance (DeFi) is a blockchain-based financial services that offer users access to open, efficient and … More, carefully selected by the Phemex team. Trading them opens the door for Phemex users to participate in the increasingly dominant DeFi space. As with all of its perpetual contracts, the exchange charges market takers a 0.075% fee, while market makers receive a 0.025% payment as an incentive to provide liquidity..
With 7 new trading pairs, Phemex offers a total of 14 perpetual contracts, including the non-cryptocurrency asset GOLD / USD. Phemex also offers 9 spot trading markets. Users subscribed to low-cost premium memberships can trade these spot markets without any commissions.
Since launching in late 2019, Phemex has already established itself as one of the top 10 derivatives exchanges by coinmarketcap.com. Their meteoric rise is likely due to the expertise of their core developers and founding team. The company is headed by talented veterans of Morgan Stanley. Their goal is to connect the traditional financial industry with the cryptocurrency industry. Their goal is the high standards they approach by continually and consistently delivering improved products and services..
A perfect example of their accomplishments is the recently released exclusive Bracket Order feature. This tool was distributed on traditional financial exchanges, Phemex is the first exchange to implement this feature for cryptocurrency trading. The company also plans to add other traditional assets such as stocks, minerals, forex and more in the future..
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