# Phemex > Break Through, Break Free Phemex helps users trade cryptocurrencies and derivatives with advanced features including spot trading, futures contracts, and staking services. Phemex helps traders access cryptocurrency markets through spot trading, derivatives, and earning products. With it, users can trade with up to 100x leverage, copy successful trading strategies, and participate in Web3 governance through Phemexia. Phemex combines traditional finance expertise with blockchain technology to provide institutional-grade trading infrastructure. - Type: Company - Sector: Finance - Status: Active - Founded: 2019-11-01 - Profile: https://thegrid.id/profiles/phemex ## Products - [Phemex Exchange](https://thegrid.id/profiles/phemex): Phemex Exchange implements centralized order matching through high-performance trading engines, enabling spot and derivatives trading with up to 100x leverage. The platform processes transactions using custom CrossEngine and TradingEngine components while maintaining cold storage security protocols. (Centralised Exchange, Live, Main Product) - [Phemexia](https://thegrid.id/profiles/phemex): Phemexia implements Web3 social infrastructure through soulbound token authentication and DAO governance mechanisms. The platform enables community-driven decision making while integrating decentralized identity management with centralized exchange operations. (Social Platform, Live) - [Phemex Lending Protocol](https://thegrid.id/profiles/phemex): Phemex Lending Protocol implements peer-to-peer lending through smart contract automation, enabling instant borrowing against cryptocurrency collateral. The system provides liquidity pools with automated interest rate mechanisms and real-time collateral monitoring. (Decentralised Borrowing & Lending, Live) - [Trading Bots](https://thegrid.id/profiles/phemex): Trading Bots implement automated trading strategies through algorithmic execution systems, supporting grid trading, martingale, and DCA strategies. The platform enables customizable trading parameters with risk management protocols and real-time performance monitoring. (AI Agent, Live) ## Assets - [Phemex Token (PT)](https://thegrid.id/profiles/phemex): PT is the utility token of Phemex exchange. It is used to pay for trading fees, deposit and withdrawal fees, and gas fees on Phemex, and can be staked to obtain vePT which grants governance power, staking rewards, trading bounties, and fee discounts. PT staking is controlled by smart contracts and fully implemented on the Optimism network, enabling holders to lock tokens for a set period to receive vePT, a non-transferable governance token that decays linearly over time and grants voting rights in the Phemex DAO. (Utility) - [Phemex Soul Pass (PSP)](https://thegrid.id/profiles/phemex): PSP is a soulbound NFT token issued by Phemex on the Ethereum blockchain. It is used to unlock governance rights over the Phemex exchange and to own a stake in the platform, as well as to participate in PT staking events to earn additional PT. As a soulbound token, it cannot be transferred to another wallet, ensuring the information it denotes is authentically linked to the account that holds it, which serves a record-keeping function for credentials and achievements accumulated on the Phemex platform that can be used to verify qualifications for various events and services. (NFT) ## Links - [Main](https://phemex.com) - [Blog](https://phemex.com/blogs) - [Whitepaper](https://phemex.gitbook.io/phemex-web3-whitepaper) - [Media Kit/branding](https://phemex.com/about/brand-style-guide) - [Twitter / X](https://x.com/Phemex_official) - [Facebook](https://facebook.com/Phemex.official) - [LinkedIn](https://linkedin.com/company/phemex) - [Telegram](https://t.me/Phemex_EN) - [Instagram](https://instagram.com/phemexofficial) - [Discord](https://discord.gg/phemexiaofficial) ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. 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