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Phemex
CEXOpen Interest
$101.79mKey Metrics
Volume (30d)$3.612b
7d$1.545b
24h$146.95m
All-time$6.385b
Turnover (30d)35.5x
Markets67
Reference Assets67
Asset Groups11
Share of CEX OI0.7%
Est. Fees (30d)$2.17m
24h$88,167
All-time$3.83m
Est. Annual$26.37m
Taker Fee6 bps
Markets
| Market | Open Interest | Volume | Price | Funding | Est. Fees | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | Asset Type | Access Model | Pair | Interval | ||||||||||||
| phemex:copperusdtCopper | Commodity Perp | Permissioned | $4.08m | +1.08% | $191,187 | $1.19m | $2.67m | COPPER-USDT | $6.65 | +1.08% | +0.006% | 0% | 4h | 100x | $114.71 | $1,604 |
| phemex:xauusdtGold | Commodity Perp | Permissioned | $3.89m | +6.05% | $839,087 | $8.6m | $28.69m | XAU-USDT | $4,065 | +1.52% | +0.06% | +2.81% | 4h | 100x | $503.45 | $17,215 |
| phemex:qqqusdtInvesco QQQ Trust, Series 1 | ETF Perp | Permissioned | $2.69m | +0.35% | $9.5m | $90.83m | $247.88m | QQQ-USDT | $725.49 | +1.88% | +0.034% | 0% | 8h | 10x | $5,701 | $148,729 |
| phemex:googlusdtAlphabet Inc. | Stock Perp | Permissioned | $2.65m | +2.87% | $42,923 | $395,057 | $1.58m | GOOGL-USDT | $325.10 | +2.09% | +0.033% | 0% | 4h | 10x | $25.75 | $948.68 |
| phemex:aaplusdtApple Inc. | Stock Perp | Permissioned | $2.22m | +0.20% | $143,832 | $1.41m | $2.28m | AAPL-USDT | $346.95 | +1.04% | -0.07% | 0% | 4h | 10x | $86.30 | $1,366 |
| phemex:koruusdtDirexion Daily MSCI South Korea Bull 3X ETF | ETF Perp | Permissioned | $2.09m | +53.51% | $12.98m | $144.39m | $296.28m | KORU-USDT | $13.09 | +15.94% | 0% | 0% | 8h | 10x | $7,786 | $177,769 |
| phemex:xbrusdtCrude Oil (Brent) | Commodity Perp | Permissioned | $2.09m | -0.16% | $39,356 | $462,554 | $2.47m | XBR-USDT | $111.21 | -0.21% | 0% | 0% | 4h | 100x | $23.61 | $1,480 |
| phemex:skhyusdtSK hynix Inc. ADR | Stock Perp | Permissioned | $2.03m | +141% | $17.98m | $131.07m | $208.1m | SKHY-USDT | $156.54 | +7.54% | +0.013% | 0% | 8h | 10x | $10,789 | $124,860 |
| phemex:nvdausdtNVIDIA Corporation | Stock Perp | Permissioned | $2m | +1.63% | $54,988 | $386,872 | $1.35m | NVDA-USDT | $219.59 | +1.85% | -0.004% | 0% | 4h | 10x | $32.99 | $807.66 |
| phemex:ngusdtNatural Gas | Commodity Perp | Permissioned | $1.86m | +0.28% | $155,029 | $1.36m | $15.16m | NG-USDT | $3.07 | +0.72% | +0.13% | +2.86% | 4h | 3x | $93.02 | $9,097 |
| phemex:skuuusdtGraniteShares 2x Long SK Hynix Daily ETF | ETF Perp | Permissioned | $1.84m | +12.25% | $856,804 | $5.29m | $10.84m | SKUU-USDT | $19.30 | +15.16% | -0.023% | 0% | 8h | 20x | $514.08 | $6,505 |
| phemex:muxusdtMcEwen Inc. | Stock Perp | Permissioned | $1.78m | +4.17% | $1.4m | $11.61m | $38.97m | MUX-USDT | $964.71 | +5.61% | +0.016% | +1.37% | 8h | 10x | $842.39 | $23,382 |
| phemex:samsungusdtSamsung Electronics Co., Ltd. | Stock Perp | Permissioned | $1.76m | +2.04% | $10.86m | $73.91m | $110.69m | SAMSUNG-USDT | $181.39 | +8.15% | +0.077% | 0% | 8h | 10x | $6,519 | $66,415 |
| phemex:intcusdtIntel Corporation | Stock Perp | Permissioned | $1.75m | +5.02% | $842,945 | $6.46m | $9.61m | INTC-USDT | $95.35 | +5.67% | +0.004% | 0% | 8h | 10x | $505.77 | $5,768 |
| phemex:rklbusdtRocket Lab Corporation | Stock Perp | Permissioned | $1.74m | +5.50% | $951,338 | $7.24m | $22.87m | RKLB-USDT | $58.57 | +9.31% | -0.005% | 0% | 8h | 10x | $570.80 | $13,719 |
| phemex:xagusdtSilver | Commodity Perp | Permissioned | $1.73m | -10.99% | $6.65m | $56.2m | $136.83m | XAG-USDT | $54.16 | +2.25% | +0.018% | +3.13% | 4h | 100x | $3,988 | $82,098 |
| phemex:sndkusdtSandisk Corporation | Stock Perp | Permissioned | $1.72m | +25.08% | $966,115 | $6.63m | $28.22m | SNDK-USDT | $1,361 | +7.79% | >-0.001% | 0% | 8h | 50x | $579.67 | $16,935 |
| phemex:hyundaiusdtHyundai Motor Company | Stock Perp | Permissioned | $1.67m | +0.61% | $90,857 | $819,182 | $2.77m | HYUNDAI-USDT | $222.04 | +1.12% | 0% | 0% | 8h | 10x | $54.51 | $1,663 |
| phemex:snxxusdtTradr 2X Long SNDK Daily ETF | ETF Perp | Permissioned | $1.66m | +10.46% | $2.72m | $92.08m | $164.4m | SNXX-USDT | $9.76 | +15.78% | -0.018% | 0% | 8h | 20x | $1,632 | $98,640 |
| phemex:mvllusdtGraniteShares 2x Long MRVL Daily ETF | ETF Perp | Permissioned | $1.65m | +10.16% | $1.17m | $9.41m | $28.61m | MVLL-USDT | $29.89 | +13.13% | -0.017% | 0% | 8h | 10x | $700.01 | $17,164 |
| phemex:dramusdtRoundhill Memory ETF | ETF Perp | Permissioned | $1.64m | +30.48% | $13.56m | $82.76m | $129.57m | DRAM-USDT | $52.76 | +7.30% | -0.006% | 0% | 8h | 10x | $8,135 | $77,744 |
| phemex:mrnausdtModerna, Inc. | Stock Perp | Permissioned | $1.63m | +4.40% | $907,186 | $7.96m | $17.66m | MRNA-USDT | $204.95 | +4.06% | -0.011% | 0% | 8h | 20x | $544.31 | $10,596 |
| phemex:soxlusdtDirexion Daily Semiconductor Bull 3X ETF | ETF Perp | Permissioned | $1.63m | +35.36% | $17.98m | $179.2m | $387.24m | SOXL-USDT | $103.42 | +14.94% | +0.036% | 0% | 8h | 10x | $10,785 | $232,347 |
About Phemex
Phemex is a derivatives-focused cryptocurrency exchange founded in 2019 by former Morgan Stanley executives including Jack Tao, launched its trading platform in November 2019 and claims more than 10 million users. Federico Variola serves as CEO, named in official Phemex blog and LinkedIn posts, while Jack Tao's current role is not publicly disclosed. The venue launched TradFi traditional-asset futures in February 2026 with a zero fee promotion that ran through May 2026, and now lists more than 130 such contracts covering US stocks, ETFs, equity indices, precious metals, energy and four pre-IPO names, SpaceX, Anthropic, OpenAI and QNTX. All are USDT-settled linear perpetuals on the same engine as its crypto futures, tagged in the public API with perpProductSubType TradFi or PreMarket, with funding every 8 hours on most TradFi contracts and every 4 hours on some. Base futures fees are 0.01 percent maker and 0.06 percent taker now that the launch promotion has ended. Phemex's terms name Phemex Poland sp. z o.o. as a group entity and apply Singapore governing law, and the exchange restored withdrawals within days of a January 2025 hot wallet hack that third-party analysts estimated at $69 to 85 million.
Entity
Legal entityNot specifically disclosed. Terms name Phemex Poland sp. z o.o. (Katowice, Poland) as a group entity.
HeadquartersWidely described as founded in Singapore, and its terms apply Singapore governing law, but no operational headquarters is formally disclosed. The only entity named in its terms is registered in Katowice, Poland.
Founded2019
Primary chainCex
Entity structure
Current terms of use name only Phemex Poland sp. z o.o. (Katowice, Poland, KRS 0001121869) among Phemex group entities, with Singapore governing law and SIAC arbitration. No Singapore, BVI or Seychelles operating entity is disclosed in current terms, and the corporate structure behind the derivatives venue is otherwise undisclosed.
Regulation
Phemex discloses no licenses from major financial regulators, and no MiCA authorization was found in EU registers. Its terms of use name Phemex Poland sp. z o.o. in Katowice as a group entity, with Singapore governing law and disputes referred to SIAC arbitration in Singapore. No regulatory enforcement actions against Phemex were identified in this review. The most notable operational event is the January 2025 hot wallet breach, estimated by third-party analysts at $69 to 85 million and attributed to the Lazarus Group, after which Phemex published an incident timeline, released proof of reserves and resumed withdrawals within days.
Markets
Open Interest by asset group
Asset classes
Fees & revenue
Revenue modelPerp Maker/Taker Fees
ConfidenceIssuer-Disclosed
Perp Maker Fee1 bps
Perp Taker Fee6 bps
Margin Settlement AssetsUSDT
Fees Last Verified2026-07-30
perpProductSubType=TradFi/PreMarket API flag. TradFi zero-fee promo ran from launch through 2026-05.
Milestones
- 2019Founded by former Morgan Stanley executives
- 2019-11Trading platform launched with crypto contract trading
- 2023-11Phemex Token (PT) launched with spot listing and staking
- 2025-01Hot wallet hack estimated by analysts at $69 to 85 million, withdrawals resumed within days
- 2026-02TradFi traditional-asset futures launched with a zero fee promotion through 2026-05
- 2026-05Pre-IPO perpetual suite debuts with SpaceX, Anthropic, OpenAI and QNTX
- 2026-08131 TradFi and 4 PreMarket perpetual contracts live per public API