Is Phemex MiCA-regulated? Phemex license status

Verified 2026-09-23 against the ESMA CASP register

Not MiCA-Authorized

Not MiCA-authorized. Phemex has no EU licence and is absent from the ESMA CASP register; the UK FCA and Austria’s FMA both flagged phemex.com in 2024–2025.

Phemex MiCA register facts

In the ESMA CASP register: No
Headquarters (our review): Singapore
Founded: 2019
Perp pairs, global platform: 200+
Maximum leverage: 150x
Futures fees (maker / taker): 0.01% / 0.06%
Global 24h perp volumeDaily snapshot, October 3, 2026: $857M, rank 18 of 21 CEXs
$10,000 BTC market buyGlobal book, cost sweep of October 3, 2026: 6.01 bps all-in, rank 28 of 39

ESMA CASP register data through 2026-09-15. Platform rows: global platform.

What this means for EU users

Phemex was founded in 2019 by former Morgan Stanley executives. Its terms name no single global operator; a 2024 Ontario tribunal ruling identified Phemex Limited (British Virgin Islands) as the parent with a Singapore subsidiary, and only a Poland entity is named in the EU context.

It is not in the ESMA CASP register and no EU MiCA application is public.

Several regulators have warned against the exchange itself, not just clone domains: the UK’s FCA (January 2025) and Austria’s FMA (December 2024) both name phemex.com as offering services without authorization, and Spain’s CNMV listed Phemex earlier (2021).

Phemex also suffered a hot-wallet breach on January 23, 2025 and restored withdrawals within weeks, though it published no official loss figure (outside estimates ranged widely).