Phemex, a prominent crypto exchange, has introduced significant upgrades to its Retail Price Improvement (RPI) order system. By strengthening ties with top institutional liquidity partners, the RPI ecosystem now provides market-leading depth, surpassing industry standards.
According to a 2025 market audit, the upgrade has notably increased liquidity for Phemex's key assets. BTCUSDT liquidity depth doubled the industry benchmark, while ETHUSDT surged to five times the market erage. SOLUSDT reached 5.5 times the high-performance market standards. Furthermore, liquidity for the top 12 trading pairs became threefold compared to top-tier exchanges' requirements.
This RPI system upgrade optimizes liquidity by interacting solely with retail maker orders, excluding high-frequency API algorithms, thus enhancing trading precision and execution quality for retail users.
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