Phemex Perpetual launched $USELESS, allowing users to trade with up to 20x leverage on $USELESS / USDT

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. 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. Phemex was founded by former Morgan Stanley executives with a vision to redefine finance for the future in 2019. What began as a challenge to the inefficiencies and exclusivity of traditional systems has evolved into a mission to build a truly open, efficient, and empowering financial world. As blockchain technology matures, Phemex continues to lead by placing users at the center of innovation — creating a platform that combines institutional-grade reliability with user-first accessibility. We’re building not just for today’s traders, but for the next generation of investors who believe in a borderless, transparent, and efficient financial ecosystem. At Phemex, our journey is driven by one belief: the future of finance belongs to everyone. To build a forward-thinking crypto platform that puts users first, delivering reliable tools, inclusive access, and evolving opportunities to grow and succeed.