Head-to-head
Kraken vs. Phemex
Data as of Oct 20, 2026
| Criterion | ||
|---|---|---|
| Score | 80.4 | 85.9Best |
| Regulation | MiCA-CASP | FinCEN-MSB |
| Trading Cost | 1.2 % | 0.2 %Best |
| Spread | 0.012 bpsBest | 1.3298 bps |
| Reported 24h Volume | $845.2MBest | $727M |
| Market Breadth | 1,461 marketsBest | 1,018 markets |
FAQ
Frequently Asked Questions
Which broker scores higher, Kraken or Phemex?
Phemex scores higher: 85.9 vs. 80.4 for Kraken.
Which broker has the lower trading costs, Kraken or Phemex?
Phemex has the lower trading costs: 0.2 % vs. 1.2 % for Kraken.
Which broker has the narrower spread, Kraken or Phemex?
Kraken has the narrower spread: 0.012 bps vs. 1.3298 bps for Phemex.
Which broker has the higher reported 24h volume, Kraken or Phemex?
Kraken has the higher reported 24h volume: $845.2M vs. $727M for Phemex.
Which broker offers the greater market breadth, Kraken or Phemex?
Kraken offers the greater market breadth: 1,461 markets vs. 1,018 markets for Phemex.
Is Kraken regulated?
Kraken is regulated by MiCA-CASP.
Is Phemex regulated?
Phemex is regulated by FinCEN-MSB.