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Events / Phemex Hits $10B Monthly TradFi Volume
Business trading platform growth

Phemex Hits $10B Monthly TradFi Volume

Analysis based on 9 articles · First reported Mar 12, 2026 · Last updated Mar 18, 2026

Sentiment
40
Attention
2
Articles
9
Market Impact
Direct
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Market Impact

The growth of Phemex highlights a shift in financial markets towards unified platforms offering 24/7 access to both traditional and digital assets. This trend could increase market liquidity and accessibility, especially for commodities like Gold during geopolitical events.

Financial services Cryptocurrency Fintech
Event Summary

Phemex, a crypto exchange founded in 2019, has achieved $10 billion in monthly TradFi (traditional finance) volume, with a 340% increase in active users quarter-over-quarter. This surge is attributed to its 24/7 trading infrastructure, configurable leverage, and unified account for crypto and traditional assets. Gold-related instruments, including XAU and PAXG perpetual contracts, were a significant contributor to this volume as traders sought safe-haven exposure. CEO Federico Variola emphasized that this growth validates their thesis that traders desire a single, always-on platform. Phemex plans to further expand its asset lineup and features to cater to the converging demands of traditional and crypto traders.

Key Actions
100 Phemex achieved $10 billion in monthly TradFi volume
90 Phemex increased active users by 340% quarter-over-quarter
80 Phemex expanded asset lineup and launched innovative features
Entities Involved
priv
Phemex
Phemex has seen a significant increase in trading volume and active users, reaching $10 billion in monthly TradFi volume and a 340% increase in active users quarter-over-quarter. This validates its business model of offering a unified platform for both digital and traditional assets.
Importance 100 Sentiment 70
per
Federico Variola
Federico Variola, CEO of Phemex, commented on the platform's success, stating that reaching $1 billion in daily TradFi volume validates their thesis about trader demand for a single, always-on platform.
Importance 70 Sentiment 50
cmdt
Gold
Gold-related instruments, including XAU and PAXG perpetual contracts, accounted for a significant share of the volume surge on Phemex as traders sought safe-haven exposure.
Importance 60 Sentiment 20
Relationships
Federico Variola related ↔ Phemex
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