Phemex is a centralized cryptocurrency exchange founded by Jack Tao, Max, and Federico Variola, offering spot and derivatives trading, copy trading, trading bots, fiat services, and wealth-management products. Phemex's Twitter Score is 63 out of 1000 (a Good rating) as of July 2026, ranking #15,502 (top 5%) among 531,432 tracked accounts.
Phemex was founded in 2019 by former Morgan Stanley executives and has grown to serve over 10 million traders. The exchange publishes monthly proof-of-reserves data using a Merkle tree and public wallet addresses, a transparency measure designed to give users verifiable assurance over held assets. On January 23, 2025, Phemex suffered a hacker attack that, according to Immunefi, resulted in losses of approximately $69.1 million. Phemex announced a strategic shift toward an AI-native platform on February 19, 2026.
Phemex is also affiliated with the Phemexia Web3 ecosystem, which is supported by the Phemex Token (PT), an on-chain transferable utility token launched on November 30, 2023. Phemex has 468,554 followers as of July 2026 on X and has published 16,450 posts. Phemex has been mentioned by 243 accounts a total of 761 times.
Phemex's portfolio includes Optix Altcoin Options & Perpetual Protocol.
Who follows Phemex on X?
The accounts that follow Phemex include 134 founders, 20 angel investors, 290 influencers and 2 VCs. Among them are Loomdart, H.E. Justin Sun, Cointelegraph, Mario Nawfal, K A L E O and MoonPay.