Phemex Is a Rebellion Against Traditional Finance, and It’s Winning

Phemex Is a Rebellion Against Traditional Finance, and It’s Winning

Wall Street is often touted as the place where dreams come to life, but the world’s economic epicenter can also be an absolute nightmare. From brokers screaming at each other across trading floors to the modern electronic trading systems of today, money talks in Wall Street. However, while the NYSE houses over $28.5 trillion in assets, there’s still a lot left unsaid. On Wall Street, it is believed that history doesn’t repeat itself, but rhymes. The world’s financial systems have failed consistently over time, but when Phemex’s founder Jack Tao....


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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....

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