SAFE Updated: April 10, 2026

Phemex

SingaporeFounded 2019 Official Site
7.7
out of 10.0

$1.2B

24h Volume

5M+

Users

280

Trading Pairs

Active

License

Score Breakdown

License Status
30%7.0
User Reviews
20%7.8
Withdrawal Speed
25%8.5
Technical Transparency
25%7.5

Overview

Built by ex-Morgan Stanley executives, focusing on derivatives and spot trading.

License: MAS registered (Singapore)

Strengths

  • Fast execution
  • Low fees on premium plan
  • Good derivatives market

Weaknesses

  • Newer exchange
  • Limited fiat options