Phemex Enhances RPI Ecosystem, Establishing New Liquidity Standards for Over 210 Trading Pairs

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3365e77214b03e142f2a067480311b79 Phemex Upgrades RPI Ecosystem, Setting New Liquidity Benchmarks Across 210+ Pairs

APIA, Samoa, Dec. 26, 2025 — Phemex, a user-first crypto exchange, has unveiled a significant enhancement to its Retail Price Improvement (RPI) order system. Through strengthened collaborations with premier institutional liquidity providers, the upgraded RPI ecosystem now offers market-leading order book depth that substantially exceeds standard industry measures.

Recent findings from a late-2025 market audit show the RPI enhancement has driven a substantial increase in liquidity for Phemex’s primary trading assets. According to internal analysis comparing public order book depth (±0.1% from mid-price) against averages from leading exchanges:

  • BTCUSDT: Current liquidity depth is double the standard industry benchmark.
  • ETHUSDT: Liquidity has achieved a remarkable 5 times the average market level.
  • SOLUSDT: Liquidity has increased to 5.5 times the standard for high-performance markets.
  • Top 12 Trading Pairs: Combined liquidity consistently measures 3 times the baseline requirement for top-tier exchanges.

RPI orders are designed as Maker orders for retail clients (non-API manual traders). This update results in a considerably thicker order book and more competitive pricing, which tightens spreads and delivers “price improvement” that frequently beats the prices shown on the visible order book.

By directing RPI orders to interact only with retail maker liquidity—thereby circumventing high-frequency API algorithms—Phemex’s improved system enables the platform to sustain a liquidity advantage for over 210 trading pairs. This underscores Phemex’s dedication to creating a transparent, high-performance trading environment where retail traders can access execution quality and precision on par with major institutional players.

About Phemex
Established in 2019, Phemex is a user-centric cryptocurrency exchange trusted by more than 10 million global traders. The platform provides spot and derivatives trading, copy trading, and wealth management solutions, all created to emphasize user experience, transparency, and innovation. Through a progressive vision and a focus on empowering users, Phemex supplies dependable tools, broad access, and dynamic opportunities for traders of all experience levels to develop and prosper.

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