Phemex is a digital asset trading platform created by former Morgan Stanley executives in 2019 that combines institutional-grade reliability with a user-first interface. The exchange supports spot and derivatives trading, copy-trading features, and a suite of crypto wealth-management products. Serving more than 10 million traders globally, the company positions itself as an open and efficient alternative to traditional finance. Its vision centers on transparency and constant innovation to enable a borderless financial ecosystem. The firm asserts that its platform is built to accommodate both today’s active traders and future investors. With the new capital, Phemex plans to accelerate development of its core exchange technology, broaden product offerings, and reinforce its global operational infrastructure. These initiatives aim to strengthen user experience and support continued user-base growth. The business has not publicly disclosed revenues but states the latest funding will advance its long-term strategy of redefining finance for a wider audience.

Total raised

$12M

Funding rounds

2

Latest round

Seed

Latest activity

Feb 2026