Phemex, the user-centric cryptocurrency exchange, has introduced an innovative trading platform known as Phemex TradFi. Designed to facilitate round-the-clock trading in traditional financial futures—covering assets like stocks and precious metals—this initiative aims to bridge the gap between conventional finance and the crypto world. Starting February 6, users can participate in a unique zero-fee carnival, enjoying three months of trading futures on stock contracts without incurring fees. Furthermore, the platform features a substantial incentive fund of $100,000 to encourage disciplined trading strategies among users. In a remarkable move to enhance user confidence, Phemex offers a mechanism that refunds the trading premium for any eligible user whose first TradFi futures transaction results in a loss.
The launch of Phemex TradFi signifies a significant step as the exchange enters the multi-market derivatives segment, allowing traders to manage their exposure to both crypto assets and traditional financial products within a singular futures framework settled in USDT. Unlike traditional spot markets limited by stock exchange hours, TradFi futures trading empowers users to respond to global macroeconomic events at any time—be it late at night, on weekends, or during stock market closures—without needing to switch platforms or settlement systems.
For traders seeking a seamless experience between different markets, Phemex TradFi offers a straightforward operational model. Here, users have the flexibility to concurrently trade traditional futures alongside crypto assets. The pricing is set through a transparent mechanism informed by the balance of market makers and takers, moving away from execution practices dependent on performance differentials. This strategy allows traders to adopt a more systematic approach to risk management using specialized tools. Additionally, TradFi futures support position copying, expanding Phemex's strategic trading ecosystem into traditional markets.
Federico Variola, CEO of Phemex, remarked, “As markets become increasingly intertwined and operate beyond traditional fixed hours, platforms must evolve as well.” The ambition of Phemex TradFi isn't just to replicate traditional markets; it's about redefining access by providing around-the-clock availability, a cohesive settlement system, and risk-aware tools within a single trading environment reflective of modern trading practices.
This TradFi futures launch marks Phemex's transformation from solely a cryptocurrency-focused exchange into a broader derivatives platform tailored for globally connected markets. By expanding asset categories, Phemex aims to equip traders with options that foster integrated, resilient, and forward-looking trading strategies across both digital and traditional finance. Founded in 2019, Phemex has garnered the trust of over 10 million traders worldwide, offering spot and derivative trading options, position copying, and robust wealth management products that prioritize user experience, transparency, and innovation. Their forward-thinking approach endeavors to empower users with reliable tools, inclusive access, and growth opportunities that cater to traders at all levels.
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