#crypto exchange #Phemex #RPI

Phemex Upgrades RPI Ecosystem

In a major development in the cryptocurrency trading space, Phemex, a user-centered crypto exchange, has announced an upgrade to its Retail Price Improvement (RPI) order system. This enhancement is set to significantly improve liquidity for more than 210 trading pairs, marking a pivotal moment for the platform. The upgrade taps into Phemex's strategic partnerships with top-tier liquidity providers, thereby delivering unmatched depth to its RPI system that far exceeds industry benchmarks.

Transformative New Liquidities

According to fresh data from an extensive market assessment conducted in late 2025, the RPI upgrade has spotlighted a remarkable surge in liquidity across Phemex's core assets. Comparative analysis of order book depth (± 0.1% off mid-price) revealed some impressive statistics against leading exchanges:

• - BTCUSDT: Liquidity depth is now twice the industry standard.
• - ETHUSDT: Achieves liquidity five times higher than market averages.
• - SOLUSDT: Records liquidity that has soared to 5.5 times above the market norms.
• - Top 12 Trading Pairs: Collectively exhibit liquidity consistently three times the baseline standards of the highest exchanges.

Understanding RPI Orders

RPI orders have been specifically designed as Maker orders suitable for retail customers—those engaged in manual trading without API access. The RPI upgrade facilitates a denser order book and more aggressive pricing mechanisms, which help in tightening spreads and providing a