Phemex's TradFi platform exceeded $10 billion in trading volume in its first month of launch, driven primarily by strong market demand for tokenized gold and commodity contracts amid geopolitical tensions. Gold instruments such as XAU and PAXG perpetual contracts led this growth, with active users increasing 340% month-over-month. Chief Executive Officer Federico Variola stated that the platform provides 24/7 around-the-clock service, enabling users to trade during critical market volatility periods, positioning it as a unified trading hub for both digital and traditional assets.

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