Topic: Phemex rewire (Read 67 times)

What is Phemex?
As a cryptocurrency exchange by promotion markets like Bitcoin, Phemex is also a derivatives exchange. what is a derivative? Derivative is a financial product that duplicates the same value or price as a target cryptocurrency. For instance, the price of a Bitcoin derivative equals the price of a real bitcoin. Into and out of these derivatives you can conjecture on the price of Bitcoin without actually needing to buy or sell the coin itself.
These kind of exchanges are very well-liked with experienced traders as they allow you to buy and sell with high strength. Leveraged financial instruments are very risky, but offer you more potential for quicker profits. At the same time, you could also lose your money extremely fast. One of the reasons for Phemex’s launch is suitable to the ongoing and persistent steadiness issues that trouble other competitors such as BitMEX.
From May 2020 Phemex also offer an innovative zero-fee spot trading service. With it, you can trade BTC, ETH, XRP, LINK, XTZ, LTC, ADA, TRX, ONT, BCH, and NEO against USDT on the platform without having to pay any commissions. You can compare this to most popular exchanges that charge 0.10-0.50% each time you buy or sell a cryptocurrency.
It has a very powerful processors that the platform can process 300,000 trades per second. This number of trades in times of high volatility you can feel secure knowing that your trades will definitely process. We can never see any other derivatives do the sam.
Phemex also has its own app for Android and iOS which no competitor does not have this.
In conclusion,I think Phemex has a very bright future, and soon we will hear it more and more.