Phemex is making significant strides in the trading landscape by launching a comprehensive 24/7 futures platform that allows users to trade traditional financial assets such as stocks and precious metals alongside cryptocurrencies, all while enjoying zero fees for the initial three months.
Since February 6, users have been able to access Phemex TradFi, which represents the exchange’s entry into the realm of traditional finance. This innovative platform offers the convenience of trading without the constraints of standard market hours. In addition, the platform has introduced a special promotion dubbed the 0-Fee TradFi Futures Carnival, which not only eliminates trading fees for the first three months but also features a $100,000 incentive pool aimed at encouraging participation.
Traders can engage in various assets, including gold ($PAXG, $XAU), silver ($XAG), and U.S. stocks, all while leveraging up to 100x their investments. Phemex’s platform boasts a unified USDT-settled system that enhances the trading experience by providing transparency through maker-taker pricing, as opposed to traditional spread-based execution. Furthermore, users can benefit from a first-trade protection feature, which offers reimbursement in the event of a loss on their inaugural trade.
Federico Variola, CEO of Phemex, emphasized that the company aims to modernize and improve access to traditional finance. He stated, “Our goal with Phemex TradFi is not to replicate traditional markets, but to rethink how they are accessed.” This sentiment underlines Phemex’s commitment to providing continuous availability and risk-aware tools in a single, cohesive trading environment.
The advent of Phemex TradFi is poised to reshape the trading experience by enabling both crypto and traditional market activities within one platform, simplifying the trading process. This strategic move signifies Phemex’s evolution into a multi-asset derivatives platform rather than just a cryptocurrency-centric exchange. The plan is to further expand the variety of asset classes offered, including commodities, foreign exchange, and global indices.
With a user base exceeding 10 million since its establishment in 2019, Phemex is focused on constantly enhancing its offerings. The introduction of TradFi futures not only aims to bridge the gap between digital and traditional finance but also reflects a long-term vision of integrating various markets.
Phemex’s user-friendly approach, along with its innovative features, positions the platform as a potential game-changer in the trading domain, especially as it seeks to eliminate the barriers traders often face within traditional market frameworks. This forward-thinking strategy promises a more inclusive and flexible trading experience, setting a new standard in the financial industry.