Phemex launches TradFi stock futures with up to 10x leverage

Phemex launches TradFi stock futures with up to 10x leverage
Phemex launches tradfi stock futures

Phemex has launched a new set of TradFi stock futures, including contracts based on JPMorgan Chase, Walmart, Visa, Berkshire Hathaway, Fluence Energy, Roundhill Memory ETF, and Rocket Lab, with up to 10× leverage and trading beginning at 12:00 UTC on May 19.

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Phemex has announced the addition of several TradFi stock futures contracts, referencing traditional financial assets such as JPMorgan Chase, Walmart, Visa, Berkshire Hathaway, Fluence Energy, Roundhill Memory ETF, and Rocket Lab. These derivatives are settled in USDT and enable margin-based trading with up to 10× leverage, following the mechanics of Phemex's existing crypto perpetual futures.

The new futures products operate 24/7 with no market-close restrictions, allowing positions to be opened or managed at any time. The platform provides a unified interface and the same order types and risk controls as its crypto products, and positions are subject to margin requirements and standard risk mechanisms. Trading for these futures began at 12:00 UTC on May 19.

Phemex is a cryptocurrency exchange offering spot and contract trading for a wide range of digital assets, including Bitcoin, Ethereum, and Tether, with support for leverage up to x100 on contracts. The platform features low trading fees, premium account options that can reduce spot trading fees to 0%, a demo account, investment programs, and educational resources with crypto earning opportunities. More details about the broker can be found in the broker profile on Traders Union.

For context, in an earlier news about Phemex, the broker launched a Multi-Bot Trading Season with a 60,000 USDT prize pool, encouraging users to create and operate various trading bots. For more information, see the previous Phemex update on Traders Union.

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