# Phemex > A user-first crypto exchange Phemex is a centralized cryptocurrency exchange. It lets users trade spot and derivatives markets, copy other traders, and earn yield on their holdings. Phemex is a centralized cryptocurrency exchange that serves retail and institutional traders. It offers spot, margin, and perpetual futures trading with leverage, plus card and fiat-deposit purchases of crypto. Users manage trading, earning, and conversions from one account on web and mobile apps. Futures contracts settle in stablecoins or in the traded coin. Copy trading lets users follow experienced traders, while trading bots automate grid, martingale, and signal strategies. Earn products cover savings, onchain earn, and staking through a launch pool, and a lending protocol offers instant borrowing against crypto collateral. Alongside the exchange, Phemex runs Web3 products built around its PT token and the Phemexia community. The exchange publishes proof of reserves and offers VIP, referral, and institutional programs. Phemex is used by retail traders, automated-strategy users, and institutional clients. - 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 is a centralized cryptocurrency exchange offering spot, margin, and perpetual futures trading, with futures settled in stablecoins or in the traded coin. Users buy crypto with cards or fiat deposits, convert between assets, and trade onchain tokens from the same account. Copy trading lets users follow other traders, and earn products include savings, onchain earn, and a launch pool for staking rewards. The platform publishes proof of reserves and runs a VIP program with fee discounts. Mobile apps on iOS and Android provide full access. (Centralised Exchange, Live, Main Product) - [Phemexia](https://thegrid.id/profiles/phemex): Phemexia is a Web3 community platform built around Phemex Soul Pass, a soulbound token that unlocks governance rights and community benefits. Holders take part in DAO governance and PT staking events. (Social Platform, Live) - [Phemex Lending Protocol](https://thegrid.id/profiles/phemex): Phemex Lending Protocol is a lending service where users borrow against their crypto collateral without selling it. Borrowing is instant with one click, and suppliers earn interest from the available liquidity. (Decentralised Borrowing & Lending, Live) - [Trading Bots](https://thegrid.id/profiles/phemex): Phemex Trading Bots are automated trading tools that run strategies around the clock on spot and futures markets. Users deploy grid, martingale, and signal bots with customizable parameters. (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) - [YouTube](https://www.youtube.com/channel/UCtPeiP4cn2K19fH3y7o2tOg) ## Legal This data is provided under two licensing models. Model 1 - open data. 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