Phemex

#82 Exchange

Singapore-headquartered crypto exchange that launched a Polymarket-powered prediction market and month-long Prediction Championship in April 2026 — USDT in, no external wallet.

$ 1.03M 1m volume

Visit Phemex Editorial pick Verified

Phemex homepage screenshot — Polymarket Exchange — Homepage phemex.com

Quick facts

Founded: 2019-08
Team: 200+
Funding: Series A · $3.5M raised; NGC Ventures (lead), Morgan Stanley executives (angels), Team of quantitative trading specialists
Pricing: Exchange fees · Free tier
Chains: Polygon (for Polymarket integration) · Ethereum · Bitcoin · Solana · BNB Chain
Venues: Polymarket · Phemex Spot · Phemex Futures · Phemex Earn

All 4 time periods

Stats across DAY · WEEK · MONTH · ALL

From the Polymarket public data API. Updated daily.

Today · 24h

#64

$3.6k

1 active users

This week · 7d

#49

$31.2k

1 active users

This month · 30d

#34

$927.5k

1 active users

All-time · all

#82

$1.03M

1 active users

On-chain attribution

builderCode

The 32-byte hash Polymarket uses to attribute volume to this builder on-chain.

0x0b4528991194951b3570dd3578d1c5b3ad700ff3ca9b7c945306f2a91f490bab

Profile

What is Phemex?

Phemex is a centralized cryptocurrency exchange founded August 1, 2019 in Singapore by eight ex-Morgan Stanley executives led by CEO Jack Tao (formerly Morgan Stanley's Global Development VP of Electronic Trading). On April 23, 2026 Phemex launched its Polymarket-powered Prediction Market alongside a month-long Prediction Championship (April 23 – May 20, 2026) ranking KYC-verified users by forecasting performance. Phemex users take YES/NO positions on crypto, sports, and world events using their existing USDT balances — no external wallet, no on-chain bridging. On the Polymarket Builder leaderboard, Phemex ranks #34 by 30-day volume ($927.5k routed) and #82 all-time ($1.03M cumulative). Just one distinct monthly active user sits behind that volume, indicating either a single very large trader or championship-leaderboard mechanics consolidating activity. Phemex's broader catalog covers spot, derivatives (up to 100x leverage), trading bots, copy trading, Earn, lending, on-chain meme trading, and TradFi stock/metals/index products.

Phemex is a Singapore-headquartered centralized crypto exchange founded on August 1, 2019 by eight former Morgan Stanley executives, led by CEO Jack Tao — previously Global Development VP of Electronic Trading (MSET Benchmark Execution Strategies) at Morgan Stanley. The platform serves over 10 million users across 200+ countries and supports 600+ trading pairs.

Phemex's relevance to Polymarket dates to April 23, 2026, when the exchange launched its Polymarket-Powered Prediction Market alongside a month-long Prediction Championship (April 23 – May 20). KYC-verified users take YES/NO positions on cryptocurrency milestones, sports tournaments, and world events directly from existing Phemex USDT balances — no external wallet, no on-chain interaction. The championship distributed weekly ROI and PnL rewards via a single registration per round, explicitly excluding sub-accounts, brokers, and institutional accounts.

On the Polymarket Builder leaderboard, Phemex's builderCode currently sits at #34 by 30-day volume ($927.5k routed) and #82 all-time ($1.03M cumulative). The 1-monthly-active-user signal is a clear fingerprint of either championship leaderboard mechanics or a single very large flow rather than retail breadth — useful context for anyone reading these stats at face value.

Beyond prediction markets, Phemex offers spot trading across 600+ pairs, USDT-M and Coin-M futures with up to 100x leverage, grid/Martingale/signal trading bots, copy trading, Phemex Earn (staking + savings + on-chain yield), the Phemex Lending Protocol, on-chain meme-coin trading, and a TradFi surface for stocks, metals, and global indices.

Verification: confirmed via PRNewswire press release and the live Phemex prediction championship page (phemex.com/events/prediction-market/polymarket-championship/928).

Product

Key features

Polymarket-Powered Prediction Market launched April 23 2026
Month-long Prediction Championship with weekly PnL/ROI rewards
USDT-funded YES/NO trading from existing Phemex spot balance
Spot, futures (up to 100x), grid/Martingale bots, copy trading
On-chain meme-coin trading and TradFi (stocks, metals, indices)

Team

Founders & team

Jack Tao

Co-founder & CEO

Former Global Development VP of Electronic Trading (MSET Benchmark Execution Strategies) at Morgan Stanley; co-founded Phemex on August 1, 2019 with seven other ex-Morgan Stanley executives.

Backing

Funding & investors

Stage: Series A
Total raised: $3,500,000
Investors: NGC Ventures (lead), Morgan Stanley executives (angels), Team of quantitative trading specialists
Announcement: https://www.theblock.co/post/58507/crypto-derivatives-exchange-phemex-raises-3-5m-in-series-a-led-by-ngc-ventures

Independent coverage

What others have written about Phemex

Phemex Launches Prediction Market Powered by Polymarket, Introduces Month-Long Forecasting Championship — PR Newswire
From Morgan Stanley to crypto world: in a conversation with Phemex founder — Cointelegraph
The Prediction Championship — Phemex (official)
Phemex Review 2026 — Milk Road

History

Rank + volume over time

Daily snapshots from our scraper. Charts populate as history accumulates.

All-time rank

1 snapshot

Lower is better. Inverted Y-axis.

All-time volume

1 snapshot

Cumulative routed volume in USD.

Trust signals

How to verify Phemex

On-chain attribution — every Polymarket Builder routes via an order that includes their builderCode. The hash above is checkable on Polygon against Polymarket's CTF Exchange.
Polymarket's own verification — $Phemex carries the official ✓ verified flag in the data API.
Cross-check Polybot Arena — polybot.arena tracks wallet-level P&L for builder-tagged bots. If a builder claims specific performance, their wallet should be findable there.
Tier-2 patterns to avoid — we flag builders that match the Tier-2 pattern (no public team, no verifiable claims, recurs across affiliate-SEO listicles). See our /methodology page for the full criteria.

About Phemex 08 answers

FAQ

01 What is Phemex?

02 What is the official website of Phemex?

Phemex's official site is https://phemex.com. We verified the URL by visiting the homepage and confirming it references Polymarket or prediction markets directly. If you believe this URL is incorrect, email [email protected].

03 Is Phemex verified by Polymarket?

Yes — Phemex carries Polymarket's official ✓ verified flag (returned by their data API as `verified: true`). This indicates Polymarket has reviewed the builder; it's not a guarantee of product quality or financial outcomes.

04 Who founded Phemex?

Jack Tao (Co-founder & CEO). Sourced from the project's own materials and public profiles; we don't fabricate team identities and clearly mark builders whose team is publicly anonymous.

05 Has Phemex raised funding?

Series A; $3.5M raised; investors include NGC Ventures (lead), Morgan Stanley executives (angels), Team of quantitative trading specialists. Announcement: https://www.theblock.co/post/58507/crypto-derivatives-exchange-phemex-raises-3-5m-in-series-a-led-by-ngc-ventures.

06 How much does Phemex cost?

pricing model: Exchange fees; free tier available; Standard Phemex spot/futures fees; Polymarket integration uses existing USDT balances with no additional subscription. KYC required for prediction-market access.. Sourced from the official site at the time of research; verify the current pricing on the builder's website before subscribing.

07 What are Phemex's key features?

Polymarket-Powered Prediction Market launched April 23 2026; Month-long Prediction Championship with weekly PnL/ROI rewards; USDT-funded YES/NO trading from existing Phemex spot balance; Spot, futures (up to 100x), grid/Martingale bots, copy trading; On-chain meme-coin trading and TradFi (stocks, metals, indices). Sourced from the official site/homepage at the time of research.

08 How does Phemex compare to similar builders?

Phemex is ranked #82 all-time, with similar-category peers including Deepcoin, edgeX, Jupiter. The leaderboard reorders daily — see the history chart for Phemex's rank trajectory.