Phemex, a prominent user-centric cryptocurrency exchange, has unveiled a substantial enhancement to its Retail Price Improvement (RPI) order system. This upgrade is part of a strategic initiative to solidify partnerships with leading institutional liquidity providers. The revamped RPI ecosystem now showcases exceptional liquidity depth, setting new industry standards.
A recent comprehensive market audit, conducted in late 2025, indicates that the RPI upgrade has catalyzed a remarkable increase in liquidity for Phemex”s core trading assets. Internal comparative analysis of public order book depth (±0.1% from mid-price) against the averages of top-tier exchanges reveals striking results:
- BTCUSDT: Liquidity depth has doubled compared to the standard industry benchmark.
- ETHUSDT: Liquidity has surged to five times the average market level.
- SOLUSDT: Liquidity has reached 5.5 times the high-performance market standard.
- Aggregate liquidity for the top 12 trading pairs consistently measures at three times the baseline required by leading exchanges.
The architecture of RPI orders is specifically designed for retail customers, catering to non-API manual traders. This comprehensive upgrade facilitates a denser order book and more competitive pricing, effectively narrowing spreads and delivering price improvements that frequently surpass the visible order book.
By ensuring that RPI orders engage solely with retail maker liquidity, thus circumventing high-frequency API algorithms, Phemex”s enhanced RPI system has enabled the platform to sustain a significant advantage in liquidity across over 210 trading pairs. This initiative underscores Phemex”s dedication to creating a transparent and high-performance trading environment, empowering retail users to execute trades with the same accuracy and quality as institutional players.
Since its inception in 2019, Phemex has gained the trust of over 10 million traders globally. The platform is committed to offering spot and derivatives trading, copy trading, and wealth management solutions, all designed with user experience, transparency, and innovation at the forefront. Phemex”s forward-thinking approach ensures that traders at all levels have access to reliable tools and evolving opportunities for growth and success.
For further details, visit Phemex.
