Phemex Launches 24/7 TradFi Futures with Zero-Fee Carnival

Phemex, a crypto exchange, has introduced Phemex TradFi, enabling 24/7 futures trading on traditional financial assets such as stocks and precious metals. This launch allows users to manage both crypto and traditional assets in a unified framework. Future updates will include commodities, foreign exchange, and global indices.

To encourage adoption, Phemex offers a 0-Fee TradFi Futures Carnival for three months, alongside a $100,000 incentive pool and a first-trade protection mechanism. This initiative allows traders to engage without the usual exchange hour constraints, enhancing price discovery outside standard trading sessions.

CEO Federico Variola emphasized the evolution of market trading, aiming for continuous access and unified settlement platforms. With this launch, Phemex expands from a crypto-exclusive platform to a global, multi-market derivatives hub.