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Phemex's Milestone Achievement: $10 Billion Monthly Trading Volume

Phemex, a cryptocurrency exchange designed with a focus on its users, has recently made headlines by revealing its traditional finance (TradFi) trading platform's impressive milestone of exceeding $10 billion in trading volume within its inaugural month. This remarkable achievement has been attributed to a surge in demand for tokenized gold and commodity contracts, a consequence of escalating geopolitical tensions.

The uptick in trading activity is highlighted by specific instruments related to gold, including the XAU (Gold) and PAXG perpetual contracts. Traders have flocked to Phemex's 24/7 trading infrastructure to safeguard their investments in secure assets. The TradFi platform not only accommodates cryptocurrency assets but also facilitates tokenized access to stocks, commodities, and indices, leading to a substantial 340% increase in active users compared to the previous quarter.

The platform's unique advantages, such as constant market access, customizable leverage, and the absence of limitations associated with traditional market hours have cemented its status as a preferred choice for traders navigating market volatility across various asset classes.

"Achieving a daily TradFi volume of $1 billion confirms our hypothesis that traders desire a singular, continuously accessible platform for both digital and traditional assets," remarked Federico Variola, CEO of Phemex. "While conventional brokerage firms close at 4 PM, our users conduct gold and stock transactions at midnight, on weekends, and during pivotal geopolitical events—precisely when market movements are most profound. This is indeed the future of trading infrastructure."

Looking ahead, Phemex plans to gradually expand its asset offerings and introduce innovative features to seamlessly cater to the expanding needs of both traditional market participants and cryptocurrency traders. By dismantling barriers between traditional finance and digital assets, Phemex positions itself as a leading unified platform for the future of global asset accumulation.

About Phemex

Founded in 2019, Phemex is a user-friendly cryptocurrency exchange that has earned the trust of over 10 million traders globally. The platform offers spot and derivatives trading, copy trading, and wealth management products, emphasizing user experience, transparency, and innovation. With a forward-thinking approach and a mission to empower users, Phemex provides reliable tools, broad accessibility, and evolving opportunities for traders of all experience levels to thrive and succeed.

For further details, please visit Phemex.