Is Phemex available in Singapore?
Phemex does not list Singapore among the restricted territories in the Phemex Terms of Use as of 26 June 2026, so it serves residents of Singapore. Digital payment token services are regulated by the Monetary Authority of Singapore under the Payment Services Act, so confirm whether Phemex holds the required licence or exemption and the current product list before acting.
Information, not advice. This is general information, not legal, tax, or financial advice. Verify the current rules with a qualified local professional and the official regulator before acting.
How we checked this. We set this status by reading the platform's own terms of use and country eligibility, and the public register kept by the named regulator, then dated the result. Availability can change, so confirm directly with the platform and the regulator before acting. As of 26 June 2026.
As of 26 June 2026, Phemex is available to residents of Singapore. Singapore does not appear among the restricted territories in the Phemex Terms of Use, and Phemex offers spot and derivatives trading to many markets. Digital payment token services in Singapore are regulated by the Monetary Authority of Singapore under the Payment Services Act, so confirm whether Phemex holds the required licence or exemption and the current product offering before acting.
Availability for residents of Singapore
As of 26 June 2026, Phemex is available to residents of Singapore. Singapore does not appear on the list of restricted territories in the Phemex Terms of Use, and Phemex offers its services to residents of many countries. Identity verification, known as know your customer, is required before trading, and the products available can vary by country.
Singapore regulates digital payment token services through the Monetary Authority of Singapore under the Payment Services Act, which requires providers to hold a licence or an exemption and to meet anti money laundering duties. Confirm whether Phemex holds the required licence or exemption directly with the platform and the Monetary Authority of Singapore.
Because availability and licensing can change, treat this status as accurate as of 26 June 2026 and confirm the current position in the Phemex Terms of Use and with the Monetary Authority of Singapore before acting.
Access, identity checks, and products
Phemex is a custodial platform that offers crypto spot trading and derivatives, which means it holds the assets in your account on your behalf rather than giving you the private keys. The exact products offered to a country depend on local rules, so check the platform itself for the current list.
Derivatives products carry a high level of risk and are not offered everywhere. Trying to bypass a location restriction, for example by using a virtual private network or a foreign address, can breach the Phemex Terms of Use and put funds and account access at risk. The safer route is to use a platform that openly serves Singapore and to verify its status before signing up.
How crypto is taxed in Singapore
As of 26 June 2026, Singapore does not tax capital gains, so individuals who hold crypto as a long term investment are generally not taxed when they dispose of it. The Inland Revenue Authority of Singapore can treat gains as taxable income where a person trades crypto as a business or as a regular activity.
Tax rules depend on your circumstances, so confirm the current treatment with the Inland Revenue Authority of Singapore or a qualified tax professional. This is general information, not tax advice (as of 26 June 2026).
Phemex and several other platforms serve residents of Singapore as of 26 June 2026. Availability and products vary, so compare the exchanges that are genuinely available in Singapore before you choose.
Every availability status here is dated and checked against the named regulator's public register. We never place a link to a platform where it is not available.
Regulator and sources
The lead authority named on this page for Singapore is the Monetary Authority of Singapore. The availability position comes from the Phemex Terms of Use and is stated as of 26 June 2026. Confirm it on the primary sources below.
- Phemex, Terms of Use, list of restricted territories, which does not include Singapore.
- Monetary Authority of Singapore, Payment Services Act guidance on digital payment token services.
- Inland Revenue Authority of Singapore, guidance on the income tax treatment of digital tokens.
Frequently asked questions
Is Phemex available in Singapore?
As of 26 June 2026, Phemex is available to residents of Singapore. Singapore does not appear among the restricted territories in the Phemex Terms of Use. Confirm the current product list and whether the platform holds the required licence before acting.
Does Phemex need a licence in Singapore?
Digital payment token services in Singapore come under the Monetary Authority of Singapore and the Payment Services Act. Confirm whether Phemex holds the required licence or exemption with the platform and the regulator (as of 26 June 2026).
Is crypto legal in Singapore?
Yes. Holding and trading crypto is legal in Singapore, and digital payment token services are regulated by the Monetary Authority of Singapore under the Payment Services Act (as of 26 June 2026).
Who regulates crypto in Singapore?
The Monetary Authority of Singapore regulates digital payment token services under the Payment Services Act (as of 26 June 2026).
How is crypto taxed in Singapore?
As of 26 June 2026, Singapore does not tax capital gains, but the Inland Revenue Authority of Singapore can tax gains as income where a person trades as a business. Confirm the current position with the tax authority or a qualified professional. This is general information, not tax advice.
Rules change frequently. Exchange availability and registration can change at short notice, and the crypto rules in Singapore continue to develop under the Monetary Authority of Singapore. The position on this page is dated 26 June 2026. Confirm the current status with the Monetary Authority of Singapore and the platform before you act.
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