Phemex integrates BTCUSD USD-margin contract for trading

Phemex is a premier cryptocurrency spot and derivatives exchange. It is the fastest platform for trading perpetual contracts.

The company recently announced that a BTCUSD linear trading contract is now available. You can access it on the official Phemex website.

What is Phemex?

Phemex was launched in November 2019. The founder of the platform, Jack Tao, realized how poorly developed the cryptocurrency market was and decided to revolutionize it. Tao is a Morgan Stanley veteran with more than 10 years of experience in investment banking. Phemex is based in Singapore, the world’s leading financial centre.

Contract trading and spot exchange are available on the platform. Spot transactions generate more than 500 million in US dollars per day. And together with derivatives, the volume of the exchange is more than two billion dollars.

Users of the platform enjoy a convenient service with access to the most popular crypto pairs. Each user can create their own workspace independently thanks to a large number of tools and get all necessary market information on the site. The company has 24/7 live customer support in multiple languages.

Leverage trading is one popular feature of the platform. This means trading cryptocurrencies with borrowed funds from the exchange. Thus, traders are able to enter into transactions with a larger volume than they originally own. Leverage helps to increase the potential profit from each contract.

The company integrates different promotions as well as collaborates with other companies in order to give Phemex customers the chance to win additional bonuses. 

Phemex aims to create a convenient and fast space for margin cryptocurrency trading. It seems that the team behind the project has achieved this goal. 

Source: https://www.fintechnews.org/phemex-integrates-btcusd-usd-margin-contract-for-trading/