Spotlighting our expert reviews on: @Phemex_official
Phemex is a derivatives focused cryptocurrency exchange founded in 2019 by former Morgan Stanley executive Jack Tao, earning recognition for its fast matching engine and competitive futures trading fees.
Our OG expert reviewers note that Phemex delivers strong trading infrastructure, solid derivatives liquidity and an experience tailored toward active traders. However, the 2025 security breach that resulted in roughly $70 million being stolen remains a major concern, even though all affected users were reimbursed. Additional complaints around withdrawal freezes, bonus disputes, customer support and regulatory scrutiny continue to affect trust. While Phemex remains a capable platform for short term trading, many users remain cautious about keeping significant funds on the exchange.
Does Phemex’s strong trading technology outweigh the reputational damage from its 2025 hack or is security history still the deciding factor when choosing an exchange?
Category: Centralized Exchange
24H Volume: $726.364
Markets: 409
Fees: Spot: 0.10% maker, 0.10% taker
Future: 0.01% maker, 0.06% taker
Token: $PT
Year Established: 2019
Country: Singapore
OG (Trust) Score: 26.66
OG Score Rank: #16/46
Reviewed by 4 OG Auditors.
More on the OG audit review and the Exchange info here: ogaudit(.)com/exchanges/phemex
https://t.co/pjQqgsnojE
