From Morgan Stanley to crypto world: in a conversation with Phemex founder
Running a crypto business is no easy job. And running a crypto exchange might seem like an impossible job to do. Founded in 2019 in Singapore, Phemex has been operating as a crypto derivatives exchange. The platform rose to the “top 10 global exchanges in less than two years, with a daily peak trading volume of more than $12 billion.” Cointelegraph talked to Jack Tao, founder and CEO of Phemex, about the difficulties and risks of running a crypto exchange and where he plans to take Phemex next.Tell us about the story behind the exchange and what it was like to launch a trading platform....
Related News
An analyst at the New York-based financial services and investment management company Morgan Stanley detailed on Monday that crypto liquidity seems to be recovering. Morgan Stanley’s Sheena Shah highlighted in a note to investors that the stablecoin market capitalization is seeing fewer redemptions for the first time since April. Morgan Stanley Investors’ Note Says Crypto Winter Could Be Thawing, but Re-Leverage Demand Is Still Non-Existent The crypto winter may be starting to warm as institutional investors have halted the redemption of the crypto economy’s top two....
Morgan Stanley, a Wall Street investment bank, has gotten exposure to Bitcoin (BTC) through Grayscale, indicating that institutional adoption of digital assets is growing. Morgan Stanley Owns 28k Shares According to a June 28 filing with the US Securities and Exchange Commission, the Morgan Stanley Europe Opportunity Fund, which invests in established and growing firms […]
Phemex, a Singapore-based cryptocurrency exchange, seems to be attracting all of the industry’s attention. They’re bringing back the popular Deposit Dazzle event and rewarding all active traders with a new Bitcoin and USD bonus! With the Phemex Deposit Dazzle, users just need to deposit BTC or USDT and claim up to a $5,000 bonus in BTC and USD! The best aspect of this event is that it is very simple to join and anyone may meet the deposit criteria. Launched in 2019, Phemex is a platform led by former Morgan Stanley executives. Serving around 5 million active users in over 200....
The chief executive officer of global investment bank Morgan Stanley says that cryptocurrency, including bitcoin, is not a fad. Noting that they are not going to go away, he said: “We’re watchful of it, we’re respectful, and we’ll wait and see how the regulators handle it.”
Morgan Stanley’s CEO Says Bitcoin and Crypto Aren’t Going Away
Morgan Stanley CEO James Gorman talked about bitcoin and cryptocurrency during the bank’s third-quarter earnings call with analysts Thursday morning.
Emphasizing that crypto is not....
In yet another bullish announcement for Bitcoin this week, banking giant Morgan Stanley has filed a document with the Securities and Exchange Commission (SEC) to gain exposure to BTC. Per the document, 12 of Morgan Stanley’s investment funds will allocate capital in BTC financial products. Morgan Stanley’s investment funds eligible to gain indirect exposure to […]