Does Phemex require KYC?

Excuse me, could you please clarify for me if Phemex, the popular cryptocurrency exchange platform, mandates Know Your Customer (KYC) procedures for its users? I'm particularly interested in understanding whether it's a necessity for account verification, withdrawal limits, or trading specific cryptocurrencies. Additionally, I'd appreciate any insights on the level of detail required during the KYC process and whether there are any exceptions or exemptions for certain types of users or transactions. Thank you for your time and assistance.