Posted 12 months ago | by Ben Armstrong
Phemex Claims to Be the World’s Fastest Exchange
Cryptocurrency derivatives exchange Phemex disclosed that it may be one of the best crypto exchanges available to users due to its speed, stability, and variety of features.
The company is confident that its ecosystem allows traders to buy and sell contracts in a reliable way due to their focus on users. The company claims that it can offer latency speeds of under one millisecond and its infrastructure can handle more than 300,000 transactions at any given second.
Phemex Claims to be Faster and More Stable than Other Exchanges
Some of the more established exchanges in the marketplace have suffered outages whenever Bitcoin has experienced major price changes.
Phemex offers 99.9999% availabilty. This satisfies and benefits users who have been left disgruntled by disruption during crucial moments of volatility using other exchanges.
There are eleven trading pairs available, including seven derivatives and four spots, which offers up to 100 times leverage and connect the United States dollar with Bitcoin (BTC), Ether (ETH), Chainlink, Tezos (XTZ), Litecoin (LTC), and GOLD.
Trading Cryptocurrency with Zero Trade Fees
Spot trading can be expensive in the crypto industry, Phemex provides a new approach that is especially attractive to traders who perform transactions frequently.
The company is the first exchange to adopt zero fees for spot trading with a membership feature that allows users to sign up for a subscription. The prices start at 9.99 USDT for a monthly plan, 19.99 USDT for 3 months, and 69.99 USDT for a year.
More to Love With Phemex
Other benefits for subscribers include:
- Unlimited trading across BTC, ETH, XRP, and LINK
- The ability to place conditional orders, make hourly and unlimited withdrawals (while standard users are allowed withdraw three times a day)
- 30-day premium trials to share with a friend per each month of premium you get.
- Customer support team available 24/7 in multiple languages
Jack Tao, the CEO of Phemex, encourages people to get in touch with him via Telegram and Twitter!
Launched in November 2019, the company hit headlines in the mainstream media. Phemex reports that it managed to amass more than 150,000 users within a few months. Its peak trading volumes exceeded $1 billion back in February of 2020.
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