This has been a very, very good month to trade in crypto. People who regularly read CoinDesk are making money just by checking their phone alerts. And yet, this environment isn’t as kind to the exchanges.
Phemex, a leading futures exchange in the hybrid space, has thought long and hard about what today’s exchange needs to stay relevant tomorrow. As a result, it has implemented multiple unique features designed to help traders thrive in this bull market and in whatever conditions the future brings.The markets may be booming, but traders still face real-life challenges due to platform inefficiencies and limited trading customization.
The exchange maintains tight price spreads, typically below 0.5% for BTC and ETH pairs and below 3% for most others, even during volatile market conditions. Phemex maintains partnerships with deep liquidity pools, ensuring sufficient counterparties and minimizing the risk of significant price slippage. Further, Phemex will not temporarily shut down trading in an asset just because its price has become volatile, so users have the chance to either cut their losses or buy on the dip.