Phemex Exchange Meets DeFi Bulls, Launches Perpetual Contracts for YFI and LEND
press release

Phemex Exchange Meets DeFi Bulls, Launches Perpetual Contracts for YFI and LEND

THELOGICALINDIAN - n-a

Cryptocurrency and derivatives barter Phemex has listed seven new abiding arrangement trading pairs: ADA/USD, ALGO/USD, COMP/USD, DOT/USD, LEND/USD, YFI/USD, BCH/USD. 

Each brace is a beeline arrangement quoted and acclimatized in USD that can be traded with up 20x leverage.

Six of these bill are agitative DeFi projects anxiously called by the Phemex team. These will acquiesce Phemex users to participate in the more ascendant DeFi space. As with all of its abiding contracts, the barter accuse bazaar takers a 0.075% fee, while bazaar makers accept a 0.025% acquittal as an allurement to accommodate liquidity. 

With the accession of these seven new pairs, Phemex now offers a absolute of 14 abiding affairs including a non-crypto GOLD/USD asset. Phemex additionally offers nine atom trading markets.

If users subscribe to their bargain exceptional memberships, they can barter on these atom markets after any agency fees. 

Since ablution at the end of 2019, Phemex has already accustomed itself as one of the top ten best acquired exchanges according to CoinMarketCap.  Their absurd advance is acceptable due to the acquaintance of their amount developers and founding team. The aggregation is led by accomplished Morgan Stanley veterans.

Their ambition is to arch the acceptable banking industry with the cryptocurrency industry. An cold that they abide to access by consistently and consistently absolution bigger articles and services.   

A abundant archetype of their charge is the absolute bracket order action they afresh released. Although this apparatus was accepted with acceptable banking exchanges, Phemex is the aboriginal crypto barter to action such a function. The aggregation additionally affairs on abacus added bequest assets such as stocks, minerals, forex, and abundant added in the future.