Phemex, a user-first crypto exchange, launched a month-long anniversary campaign on November 19, offering a total reward pool of $6 million. Running until December 19, the initiative spans five core venues: Spot, Futures, Earn, Fiat, and Referral, each tailored to different user behaviors.
Spot: Zero Fees and CandyDrop Rewards
Spot traders gain access to 0-fee trading and CandyDrop token rewards. CandyDrop is Phemex's airdrop distribution mechanism that grants free tokens to users holding or trading designated assets.
Futures: Trading Competition with Luxury Prizes
The Futures venue features a trading competition where participants can open lucky boxes and compete for premium prizes, including Rolex watches and iPhone 17 Pro Max. Top traders by daily volume receive additional bonuses.
Earn and Fiat: Competitive APYs, Zero-Fee Deposits
Earn offers flexible and fixed products with competitive APYs. Fiat users enjoy zero-fee card deposits throughout the period, lowering entry costs. Referral missions provide extra rewards for community-driven participation.
Federico Variola, CEO of Phemex, commented: “Our platform now serves traders with distinct habits and goals, so our anniversary campaign is designed in the same way — multiple venues, real utility, and rewards that match how people actually use Phemex. It reflects the broader strategy behind our ecosystem expansion.”
User Base Doubled, Ecosystem Upgraded
Over the past year, Phemex's user base grew from 6 million to over 10 million, and the exchange completed a full rebrand, transforming into a diversified crypto trading ecosystem. The 6th anniversary campaign marks the beginning of a broader series of initiatives, including seasonal events, trading festivals, product upgrades, and global community programs.
Founded in 2019, Phemex now serves over 10 million traders worldwide with spot and derivatives trading, copy trading, and wealth management products. The platform prioritizes user experience, transparency, and innovation.