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Phemex introduces 24/7 TradFi futures trading with 0-Fee Carnival, creating an all-in-one trading hub

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Phemex introduces 24/7 TradFi futures trading with 0-Fee Carnival, creating an all-in-one trading hub
  • Phemex, a user-first crypto exchange, announced the launch of Phemex TradFi, a new futures trading offering.
  • Futures linked to commodities, foreign exchange, and global indices will be introduced in subsequent phases.
  • Phemex TradFi is designed for traders seeking simplicity and continuity across markets.

Apia, Samoa, February 9, 2025 — Phemex, a user-first crypto exchange, announced the launch of Phemex TradFi, a new futures trading offering that allows users to access traditional financial assets, including stocks and precious metals, on a 24/7 basis.

Futures linked to commodities, foreign exchange, and global indices will be introduced in subsequent phases.

The launch marks Phemex’s entry into multi-market derivatives, enabling traders to manage exposure to both crypto and traditional assets within a single, USDT-settled futures framework.

To support early adoption, Phemex is introducing a 0-Fee TradFi Futures Carnival, offering three months of zero trading fees, starting from February 6, on stock futures alongside a $100,000 incentive pool aimed at structured and risk-aware participation, and a first-trade protection mechanism that reimburses eligible users with trading bonus if their initial TradFi futures trade results in a loss.

Unlike spot markets that are constrained by exchange hours, TradFi futures continue price discovery outside standard trading sessions.

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By bringing this derivative structure into a crypto-native environment, Phemex allows users to respond to global macro events as they unfold, whether during nights, weekends, or market closures—without switching platforms or settlement systems.

Phemex TradFi is designed for traders seeking simplicity and continuity across markets.

Users can trade crypto and traditional futures side by side, benefit from transparent maker-taker pricing rather than spread-based execution, and apply strategy-driven tools to manage risk more systematically.

Copy trading support for TradFi futures is also planned, extending Phemex’s strategy trading ecosystem into traditional markets.

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“As markets become more connected and operate beyond fixed sessions, platforms need to evolve with them” commented Federico Variola, CEO of Phemex.

“Our goal with Phemex TradFi is not to replicate traditional markets, but to rethink how they are accessed — bringing continuous availability, unified settlement, and risk-aware tools into a single trading environment that reflects how traders actually operate today.”

The introduction of TradFi futures signals Phemex’s evolution from a crypto-native exchange into a broader derivatives platform built for always-on global markets.

As additional asset classes roll out, Phemex aims to offer traders a more integrated, resilient, and forward-looking way to navigate both digital and traditional finance.

About Phemex

Founded in 2019, Phemex is a user-first crypto exchange trusted by over 10 million traders worldwide. The platform offers spot and derivatives trading, copy trading, and wealth management products designed to prioritize user experience, transparency, and innovation.

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With a forward-thinking approach and a commitment to user empowerment, Phemex delivers reliable tools, inclusive access, and evolving opportunities for traders at every level to grow and succeed.

For media inquiries, please contact: [email protected]

For more information, please visit: https://phemex.com/

Media contact Oyku Yavuz PR Lead [email protected]

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This article is authored by a third party, and CoinJournal does not endorse or take responsibility for its content, accuracy, quality, advertisements, products, or materials. Readers should independently research and exercise due diligence before making decisions related to the mentioned company.

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Crypto World

BTC Leads Recovery While Altcoin Indicators Hit Cycle Lows

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Cryptocurrencies, Business, Ethereum, Bitcoin Price, Adoption, Markets, Cryptocurrency Exchange, Tokens, Price Analysis, Market Analysis, DeFi, Altcoin Watch

Bitcoin’s (BTC) recent recovery above $71,000 suggests that the price bottom is officially in, and bullish momentum can be seen across the crypto market. TOTAL2, which tracks the market cap of all crypto assets excluding Bitcoin, has held support at its 200-week moving average, but is an altcoin season in the making?

The divergence between Bitcoin’s rally and the muted altcoin price action is beginning to draw attention to altseason indicators, raising the question of whether the broader market may soon follow BTC’s lead.

TOTAL2 tests long-term support just below $1 trillion

The TOTAL2 market cap peaked near $1.7 trillion in October 2025 but currently sits at $970 billion, a drawdown of roughly 43%. The decline accelerated in January after the market cap broke a three-year ascending trendline near $1.15 trillion.

Market attention has now shifted to the higher-timeframe support. On the weekly chart, the TOTAL2 market cap trades close to its 200-week moving average near $900 billion, a level that held during market corrections in September 2024 and April 2025.

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Cryptocurrencies, Business, Ethereum, Bitcoin Price, Adoption, Markets, Cryptocurrency Exchange, Tokens, Price Analysis, Market Analysis, DeFi, Altcoin Watch
Weekly TOTAL2 market cap chart. Source: Cointelegraph/TradingView

The daily chart shows consolidation beneath the former trendline and the $1.1 trillion to $1.25 trillion resistance band, a zone that previously held large liquidity clusters.

The altcoin positioning metrics align with the drop in TOTAL2. CryptoQuant data highlighted that 36.8% of altcoins are trading near their historical lows, excluding Bitcoin, Ether (ETH), and stablecoins.

Cryptocurrencies, Business, Ethereum, Bitcoin Price, Technology, Adoption, Markets, Cryptocurrency Exchange, Price Analysis, Market Analysis, DeFi
Percentage of altcoins near ATL. Source: CryptoQuant

These elevated readings appear when capital concentrates in larger assets. XWIN Research said that spot Bitcoin ETF inflows and the growing number of tokens have intensified competition for liquidity across smaller assets over the past year.

Related: Hyperliquid’s HYPE price will hit $150 by August, predicts Arthur Hayes

Average altcoin performances near cycle lows

Data from CryptoQuant outlined how deeply altcoins have underperformed Bitcoin. The average altcoin trades 44.4% below its 200-day simple moving average (SMA), a level historically seen near bear-phase bottoms.

Cryptocurrencies, Business, Ethereum, Bitcoin Price, Technology, Adoption, Markets, Cryptocurrency Exchange, Price Analysis, Market Analysis, DeFi
Average altcoin and Binance-listed token performance relative to 200D-SMA. Source: CryptoQuant

The exchange data shows similar weakness. Only 4.59% of Binance-listed altcoins trade above their 200-day SMA, confirming a strong Bitcoin-led phase.

The altcoin expansion typically begins with Ether’s (ETH) leadership. The ETH/BTC pair has not established an uptrend and continues to trade inside a descending channel on the weekly chart.

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A move above 0.036 may mark the first break of the channel’s local resistance and signal improving relative strength for ETH. A stronger shift in capital rotation could emerge if the pair reclaims 0.043, a level that previously acted as resistance before the broader decline in 2025.

Cryptocurrencies, Business, Ethereum, Bitcoin Price, Technology, Adoption, Markets, Cryptocurrency Exchange, Price Analysis, Market Analysis, DeFi
ETH/BTC one-week chart. Source: Cointelegraph/TradingView

Until these levels are reclaimed, Bitcoin-led momentum continues to dominate the recovering crypto market.

Market analysts are also debating whether the next altcoin cycle will resemble past rallies. Bitwise Chief Investment Officer Matt Hougan recently said that future altcoin seasons may not lift the entire market equally, arguing that the capital will most likely be concentrated in projects with stronger adoption and real-world applications.

Related: Bitcoin vs gold: ETF flows point to early capital rotation signs