Phemex, a cryptocurrency exchange led by 8 former Morgan Stanley Executives announced that they will be supporting TRX and USDT trading on their platform with zero fees.
We are proud to announce that @Tronfoundation officially joins our cryptocurrency family📢
You can now trade TRX/USDT on Phemex with zero added fees!📈📈
— Phemex (@Phemex_official) July 6, 2020
The exchange currently supports trading for multiple cryptocurrencies such as Bitcoin, Ethereum, Ripple, Chainlink, and TRON Foundation’s very own TRX.
Asides from trading with zero fees on their platform they have several trading programs to offer for their clients, they have a spot trading with offers zero fees and open to their premium and trial users. They also have contract trading with support a 100x leverage and BTC/USD settlement and simulated trading which is trading with zero risks.
Besides the amazing trading programs that they offer, they ensure that their customers are secured with their platform and Phemex has designed and implemented a Hierarchical Deterministic Cold Wallet System which assigns separate cold wallet deposit addresses to each user in order to have a secured wallet.
All the deposits are periodically gathered in the company’s multi-signature cold wallet via offline signature.
Besides the secured wallet security system, they also have multiple security features from their systems, user account security, and trading engine safety.
Who is Phemex?
Phemex is a professional-grade crypto exchange offering both Bitcoin spot and options trading. Their platform provides an innovative zero-fee trading model where fees are not charged per transaction.
The exchange is founded by ex-Morgan Stanley executives and headquartered at Singapore, the company officially went live on November 25th, 2019. The company aims at providing institutional-grade trading tools and security.
The addition of TRX into the Phemex platform makes it more accessible for customers to start trading TRX and not worrying about fees for every deal they make.
For more news and updates, see Tron Spark.