Phemex Improves RPI Ecosystem and Sets New Liquidity Benchmarks
In a bold move to enhance user experience and trading efficiency, Phemex, a user-focused cryptocurrency exchange, announced an important upgrade to its Retail Price Improvement (RPI) order system. This upgrade aims at providing significant improvements in liquidity for retail investors, marking a transformative change in how trading pairs operate on the platform.
Enhancements to the RPI Ecosystem
By reinforcing strategic partnerships with top-tier institutional liquidity providers, Phemex's upgraded RPI ecosystem now boasts unmatched market depth, setting new benchmarks that outpace conventional industry standards. According to a recently conducted comprehensive market analysis at the end of 2025, this upgrade has triggered a remarkable increase in liquidity for Phemex's core assets. For instance, liquidity for the trading pair BTC/USDT has now reached twice the average industry mark. Similarly, liquidity for ETH/USDT has achieved an impressive five times the average market liquidity, showcasing the effectiveness of Phemex's strategies.
More specifically:
- - BTCUSDT: Liquidity depth has doubled compared to industry averages.
- - ETHUSDT: Now five times more liquid than the average.
- - SOLUSDT: Has also soared to five times compared to high-performing market standards.
- - Top 12 Trading Pairs: Overall liquidity consistently stands three times higher than the requirements of leading exchanges.
Focus on Retail Investors
RPI Orders have been meticulously crafted as maker orders tailored for retail customers, specifically those who engage in manual trading without the use of APIs. This upgrade results in a more condensed order book and more aggressive pricing strategies, contributing to narrower spreads. It paves the way for a phenomenon known as