Jack Tao: For me, Phemex is more than just another cryptocurrency derivatives exchange. I spent over a decade on Wall Street as a VP at Morgan Stanley, and if that taught me anything, it’s that the world of financial services as it stands today isn’t designed for retail investors.
I encountered blockchain technology in its early days and even earned some Bitcoin from mining.
However, despite the community’s philosophy of decentralization, transparency, and distributed control, I found few of these ideals implemented on mainstream exchanges. This is what led to Phemex’s inception.