How does Phemex work?

So, tell me, how exactly does Phemex operate? I'm curious about their platform and how traders can leverage their services to their advantage. Do they offer a wide range of cryptocurrencies to trade? What kind of security measures do they have in place to protect user funds? And are their fees competitive compared to other cryptocurrency exchanges? I'm eager to learn more about how Phemex functions and what sets it apart from the competition.