Cryptocurrency derivates exchanges are becoming increasingly popular. However, although traders are familiar with options such as Bybit and BitMEX, one exchange is rapidly making a name for itself. Specifically, Phemex is a new exchange that is gaining tens of thousands of users at breakneck pace. This Phemex review breaks down all the pros and cons of the crypto derivatives exchange. 

Crypto derivatives exchange market hotter than ever in 2020

The cryptocurrency derivatives trading industry is currently experiencing a monumental boom. 2019 saw massive growth in virtual currency derivatives trading, with plenty of new options coming entering the market. 

In their ”2019 Cryptocurrency Derivatives Exchange Industry Annual Report”, crypto analytics firm TokenInsight recounts a trade volume increase to a whopping $3 trillion last year. Daily average crypto derivatives trading volume during 2019 was roughly $8.5 billion, which 2020 is already on track to...