It includes a vertically arranged order book, charting feature from, and separate widgets for the order form, order position, order history, etc. Right now, Phemex offers only a web-based trading platform that is quite intuitive and easy to use. The platform is also suitable for large and institutional traders as it provides a state-of-the-art FIX API for the smooth onboarding of traditional institutional clients.īyBit Offer: Get upto $30,030 Bonus on your First Deposit using this link to sign up. The platform can easily support 300,000 TPS and has a latency of less than 1 millisecond, ensuring instant trade execution. Phemex has built a user-centric platform that meets the evolving needs of crypto margin trading with ease. (Result: ByBit Winner) Trading Platform Comparisonīoth exchanges have a pretty solid trading platform that offers ease of use as well as security. It also offers three order life options that include good-till-canceled, immediate-or-cancel, and fill-or-kill. Whereas, ByBit offers only three order types, limit, market, and conditional orders. Phemex offers more flexibility to users and helps to make the most of the market. It also offers two advanced order functions like post-only order, close-on-trigger order. Phemex offers five different order types: market, limit, conditional, stop-loss, and take-profit orders. In one instance recorded in June 2019, Bybit has received a daily trading volume of $1 billion and $2 billion on consecutive days. On the other hand, Bybit gets an average daily trading volume of over $800 million, of which nearly 75% comes from BTC/USD pairs. It has more trading pairs also in comparison with ByBit, including GOLD. Phemex, being a newly launched crypto derivative platform, gets an impressive average daily trading volume of over $500 million and is continuously rising.
Currently, it offers perpetual swaps in BTC, ETH, and XRP and has plans to support traditional financial contracts soon. The platform is the fastest in the segment and is highly scalable with 300,000 TPS. Phemex is a Singapore-based crypto derivatives platform launched on 25th Nov 2019 and is founded by eight ex-Morgan Stanley executives. In a short period, it has attracted considerable interest from all types of traders, beginners to professionals, for its super intuitive and easy-to-handle platform.Ĭurrently, it has over 400,000 registered users from throughout the world. Bybit was established in March 2018 and is one of the leading crypto margin trading platforms.
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