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      Phemex TradFi Platform Surpasses $10 Billion In First-Month Trading Volume

      Published: just now

      Phemex

      Phemex, a crypto exchange, has reported that its traditional finance (TradFi) trading platform recorded more than $10 billion in trading volume during its first month of operation, with gold-related instruments accounting for a significant portion of activity.
       

      The platform, which offers tokenised access to stocks, commodities and indices alongside crypto assets, attributed the milestone in part to heightened demand for safe-haven exposure amid geopolitical tensions. Gold instruments, including XAU and PAXG perpetual contracts, were among the most actively traded products during the period.
       

      Phemex said active users on the TradFi platform grew 340% quarter-over-quarter. The exchange positions the platform's round-the-clock availability, configurable leverage and unified account structure spanning crypto and traditional assets as key differentiators from conventional brokerages.
       

      Federico Variola

      Federico Variola, Chief Executive Officer, Phemex


      Federico Variola, Chief Executive Officer, Phemex commented:

      “Reaching $1 billion in daily TradFi volume validates our thesis that traders want a single, always-on platform for both digital and traditional assets. While legacy brokerages close at 4 PM, our users are executing gold and equity trades at midnight, on weekends, and during breaking geopolitical events — exactly when markets move the most. This is the future of trading infrastructure.”
       

      Phemex said it intends to expand its asset lineup and introduce new features as it looks to serve both traditional market participants and crypto traders through a single platform.
       

      Founded in 2019, Phemex is a user-first crypto exchange trusted by over 10 million traders worldwide. The platform offers spot and derivatives trading, copy trading and wealth management products.
       

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      Bhargav is a Business Analyst at LF, working at the intersection of business strategy, marketing, PR, communications, and operations. I enjoy transforming ideas into meaningful initiatives, building better processes, strengthening brand presence, and creating solutions that drive measurable impact.

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