Last updated：--
View ChartPhemex Token (PT) is the native utility and governance token of the Phemex exchange, launched in November 2023 as an ERC-20 token on the Ethereum blockchain. It is described as an on-chain, transferable utility token designed to deliver a broad range of benefits across the Phemex platform and the wider Phemexia Web3 ecosystem. PT operates on a blockchain that ensures transparency, immutability, and decentralization, and it integrates with Web3 technology so users can interact with decentralized applications and smart contracts. PT has a maximum supply of 1,000,000,000 PT and a total supply of 979,830,751 PT, of which 110,137,007 PT is reported as circulating. Phemex is positioning PT as a cornerstone of its transition from a centralized exchange toward a hybrid model that blends centralized finance with decentralized finance elements.
Phemex was founded in Singapore in 2019 according to its own profile and most exchange directories (some company databases list 2016). Phemex was founded in 2019 in Singapore by a team of eight former Morgan Stanley employees, including founder and CEO Jack Tao and co-founder Max, the designer of the satoshi-maze puzzle. Jack Tao served as CEO from the company's inception. Phemex has raised $3.5 million in funding from NGC. In November 2025, Federico Variola was announced as the Chief Executive Officer of Phemex in conjunction with a major platform rebranding. At the time of the rebranding, Variola stated that the new logo and platform design embody what Phemex stands for today — precision, performance, and progress — and reflect a mindset of building for the future while staying true to a core of efficiency and reliability.
PT functions as the platform token of the global cryptocurrency exchange Phemex. It facilitates Phemex's initiative to implement decentralized decision-making and transform from a centralized exchange into a hybrid exchange. The token powers platform incentives such as trading discounts, staking rewards, launchpad access, and decentralized governance through the Phemex DAO. Staking of PT is controlled by smart contracts and is fully implemented on-chain. When users stake PT, they receive vePT (vote-escrowed PT), a non-transferable token that grants access to governance and other benefits. Phemex is building a hybrid semi-centralized platform, and the Phemexia ecosystem is a semi-decentralized framework intended to give users more control through on-chain governance. Innovations include the Phemex Soul Pass, a Soulbound Token (SBT), and PhemexPulse, a social trading platform that allows users to interact, follow top traders, and participate in community events such as airdrops.
PT stands out as the utility and governance token of an established exchange that was founded in 2019 and initially gained recognition for its derivatives trading services. Phemex describes PT as representing an ownership stake in the platform and granting utility benefits; it is a utility and governance token, not an equity security. Its integration with Web3 technology allows users to interact with decentralized applications, while the staking mechanism is fully on-chain and controlled by smart contracts. The introduction of vePT provides a governance layer that empowers holders to influence the future direction of the platform. Phemex states that it uses a proprietary Deterministic Hierarchical Cold Wallet system and publishes monthly proof-of-reserves and proof-of-solvency; however, no third-party smart contract security audit has been submitted for PT. Phemex states that the exchange serves more than 5 million users. Balancing this, bearish commentary cited in public sources points to weak financial performance, declining user growth, rising competition and regulatory uncertainty, and the token has fallen well below its November 2024 high.
PT offers a diverse array of benefits and use cases. Holders can stake PT to receive vePT, a non-transferable vote-escrowed token that grants governance rights and platform benefits; no fixed yield is published. The token plays a crucial role in trading rewards, incentivizing active participation on the platform. PT is central to the governance of the Phemex DAO, allowing token holders to participate in decision-making processes and influence the platform's future direction. Additional utilities listed by Phemex include reduced trading fees, access to premium features, launchpad access and revenue-sharing opportunities on the platform. Staking PT yields vePT, which can be used to obtain decentralized governance rights. PT's utility extends to enhancing user engagement and loyalty, fostering a robust community around the Phemex platform.
The Phemex ecosystem encompasses a wide range of products and services. Spot trading provides a market for the direct purchase and sale of cryptocurrencies, including a simplified Convert tool for instant swaps. Margin trading allows users to borrow funds to trade with leverage. Futures trading is a core offering, allowing users to trade USDT-margined perpetual contracts with leverage of up to 100x. The platform also offers automated trading bots, social trading features, Phemex Earn yield-generating products, fiat on-ramp services, and Web3 on-chain services through Phemexia. PhemexPulse is a social trading platform for community interaction. Phemex has also partnered with Université Paris Dauphine-PSL to advance research in decentralized finance and cryptocurrency. In November 2025, Phemex announced a significant rebranding initiative that included a new logo, a redesigned platform interface, updated 3D visuals, a unified icon system, and lighter layouts, marking the third logo change in the company's history.
PT is not mined. It is an ERC-20 token on Ethereum, and new PT is not created through proof-of-work. Users stake PT through on-chain smart contracts and receive vePT, a non-transferable vote-escrowed token that grants governance rights and platform benefits; Phemex does not publish a fixed staking reward rate. On Phemex's Web3 PT stake page, users can choose to stake their PT. The staking process is controlled by smart contracts and is fully implemented on-chain. vePT is a non-transferable token received when staking PT, and it can be used to obtain decentralized governance rights. This staking mechanism aligns token holders with the long-term development of the Phemex platform and the Phemex DAO.
Because PT is an ERC-20 token on Ethereum, it can be stored in compatible wallets that support ERC-20 assets. Users should always verify the official smart contract address before interacting with any PT-related contract. No third-party smart contract security audit has been submitted for PT, so users should independently review the contract before interacting with it. Phemex states that it uses a proprietary Deterministic Hierarchical Cold Wallet system and publishes monthly proof-of-reserves and proof-of-solvency. For personal security, users should enable all available account protections, avoid sharing private keys or seed phrases, and be cautious of phishing attempts. Crypto markets are highly volatile, and PT is no exception, so users should study all available statistics before adding crypto assets to their portfolio. Keeping tokens in a secure wallet and using official platform channels for staking and governance are recommended practices.
Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)
Choose Phemex Token products that suit your trading style
Thank you for your interest in BTCC. Currently, spot and futures trading services for PT are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Phemex Token (PT) is C$0.380025. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated PT to USD rate at the top of BTCC’s price page. In terms of market scope, Phemex Token records a 24h trading volume of C$239.720645K (reflecting total buying and selling activity over the last 24 hours), with a total market cap of C$44.575372M. Its current circulating supply stands at -- out of a maximum supply cap of 1B.
The price volatility of Phemex Token (PT) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Bank of Canada or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (--) to max supply (1B), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Phemex Token (PT) hit an all-time high (ATH) of C$2.324109 on 2024-11-25 10:15, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at C$0.362439 on 2026-10-15 13:55. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading PT futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (C$239.720645K), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s PTUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Phemex Token, simply log into your BTCC account with USDT margin available, navigate to the PTUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for PTUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: C$0.380025), you can practise opening/closing positions, adjusting leverage, and setting TP/SL for PTUSDT with zero financial risk.
Trading Phemex Token (PT) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for PTUSDT, and review its live price (C$0.380025) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
PT/EUR
PT/CAD
PT/GBP
PT/HKD
PT/KRW
PT/JPY
PT/AUD
PT/SGD
PT/CHF
PT/INR
PT/TRY
PT/USD
PT/CNY
PT/VND
PT/TWD
PT/NZD
PT/SAR
Bitcoin
Ethereum
Tether USDt
BNB
XRP
Solana
Dogecoin
Cardano
Avalanche
