Phemex, a crypto exchange headquartered in Apia, Samoa, announced that its TradFi (Traditional Finance) platform surpassed $10 billion in trading volume in its first month. The surge was fueled by escalating geopolitical tensions, driving demand for tokenized gold and commodity contracts as safe-haven assets.
Gold Contracts Dominate as Traders Seek Safety
Instruments tied to gold—including XAU (Gold) and PAXG perpetual contracts—accounted for a large share of the volume spike. Phemex's 24/7 trading infrastructure allowed users to execute gold and equity trades outside traditional market hours, including midnight, weekends, and during breaking geopolitical events. The platform recorded a 340% quarter-over-quarter increase in active users.
Unified Account Merges Crypto and Traditional Assets
The TradFi platform offers tokenized access to stocks, commodities, and indices alongside crypto assets. Key advantages include round-the-clock market access, configurable leverage, zero market-hours restrictions, and a single unified account spanning both digital and traditional holdings. CEO Federico Variola stated: "Hitting $1 billion in daily TradFi volume validates our thesis that traders want a single, always-on platform for both digital and traditional assets. While legacy brokerages close at 4 PM, our users execute gold and equity trades at midnight, on weekends, and during breaking geopolitical events—exactly when markets move the most. This is the future of trading infrastructure."
Asset Expansion and New Features Ahead
Moving forward, Phemex will expand its asset lineup and launch innovative features to serve the converging demands of traditional market participants and crypto traders. By dismantling barriers between TradFi and digital assets, the exchange aims to become the premier unified hub for global wealth generation.
Founded in 2019, Phemex serves over 10 million traders worldwide, offering spot, derivatives, copy trading, and wealth management products. This content is a press release for informational purposes only and does not constitute financial advice.