Market snapshot for Phemex
Centralized (CEX). Country Samoa. Established 2019. Trust rank 15. Reported 24h volume 13319.33 BTC.
Coverage: 509 active pairs across 509 tradable assets. Liquidity profile: High. Concentration: Moderately concentrated. Execution quality: Tight. Top ten pairs share 81.6%. Key pairs include BTC/USDT, XRP/USDT, SOL/USDT, ETH/USDT. Leading pair BTC/USDT. Median spread on leading markets 0.09%.
What the key metrics mean
Volume mix: USDT is the largest tracked quote currency at about 100.0% of measured flow. Data scope: 100 tickers observed, with spread readings on 100 markets. Trust rank is best read as a positioning cue, and 24h BTC volume complements it with recent activity scale. Coverage is a breadth check, more pairs and assets generally mean more choice when conditions shift. Concentration tells you if activity is focused on a few markets or distributed across many pairs. Median spread captures the common bid ask distance on top books and helps set expectations for market orders and tight limits. With a large set of active pairs, execution can vary across markets, so check whether activity is spread beyond the leaders. Tight spreads on the leaders generally support cleaner fills, especially when depth remains stable. When comparing venues, weigh breadth, concentration, spreads, and the key pairs l.
Editorial note: This analysis was prepared by the YearBull research team under the direction of Alan Zelvin, Founder and Lead Crypto Researcher. The assessment follows YearBull’s internal research methodology and editorial standards. Methodology · Editorial Policy