{"id":12951,"date":"2021-10-07T21:54:22","date_gmt":"2021-10-07T21:54:22","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/phemex-is-a-rebellion-against-traditional-finance-and-its-winning\/"},"modified":"2021-10-07T21:54:22","modified_gmt":"2021-10-07T21:54:22","slug":"phemex-is-a-rebellion-against-traditional-finance-and-its-winning","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/phemex-is-a-rebellion-against-traditional-finance-and-its-winning\/","title":{"rendered":"Phemex Is a Rebellion Against Traditional Finance, and It\u2019s Winning"},"content":{"rendered":"

Wall Street is often touted as the place where dreams come to life, but the world\u2019s 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\u2019s still a lot left unsaid.<\/span><\/p>\n

On Wall Street, it is believed that history doesn\u2019t repeat itself, but rhymes. The world\u2019s financial systems have failed consistently over time, but when Phemex\u2019s founder Jack Tao initially joined Morgan Stanley in 2009, nothing could have prepared him for the restrictive design financial markets utilized towards retail investors. From censoring trades inflating fees to conducting deals with exclusive partners away from the public\u2019s attention, Jack started seeing the system as it was \u2014 skewed in favor of the rich and influential.<\/span><\/p>\n

The name \u2018Phemex\u2019 comes from two words \u2014 \u2018Pheme,\u2019 the Greek God of fame, who was a conduit for the public\u2019s opinion, and \u2018MEX\u2019 (short for mercantile exchange). Phemex believes our financial systems can be better, but only when everyone has an equal footing, and no one\u2019s views can eclipse the others.<\/span><\/p>\n

Jack saw the potential for a whole new world of financial services \u2014 one where everything was reset, and everyone was given a fighting chance. During his search to figure out ways to implement his design, Jack eventually discovered blockchain. <\/span><\/p>\n

His adventure began as a Bitcoin miner, joining a reputed cryptocurrency exchange to begin investing into the technology. However, technical loopholes and poor regulation caused Jack to lose a significant part of his holdings through an exchange malfunction. This was a problem.<\/span><\/p>\n

In his mind, digital assets represented the ideals of decentralized control, financial freedom, and individual sovereignty, but these ideals were only being implemented on the surface. Phemex\u2019s origin story truly begins here.<\/span><\/p>\n

In 2019 Jack, along with eight other Morgan Stanley executives, founded Phemex to enable a blockchain-powered future for the world\u2019s economies, where power would never become saturated within a select few, and opportunities could never be stifled.<\/span><\/p>\n

Peddling Freedom<\/span><\/h2>\n

The concept of money has remained centralized from the start. Before Bitcoin, the idea that a currency could hold value without a trusted intermediary was completely foreign. Blockchain is humanity\u2019s response to the inefficient management of capital by centralized entities, allowing for censorship-resistance, distributed control, and trustless value transfer without borders.<\/span><\/p>\n

In the last two years alone, Phemex has expanded into<\/span> one of the top-ranking global derivatives exchanges in the cryptocurrency industry, boasting a user-base of 1.5 million, with a quarterly trade volume of over $266<\/span> billion. Designed from scratch by a squad of Wall Street veterans, Phemex was made to bring financial services to the masses using its intuitive design, lightning-fast trading engine, and positive approach to community feedback.<\/span><\/p>\n

With its team of experts in the realm of finance, Phemex is marching towards its goal of being the most secure and dependable <\/span>digital asset<\/span><\/a> exchange in the world.<\/span><\/p>\n

Break Through, Break Free<\/span><\/h2>\n

The general sentiment that inefficient middlemen spoil the system catalyzed the birth of cryptocurrencies, and blockchain technology offers people the ability to trade without restrictions. The traditional stock market consists of roughly $80 trillion in assets, and with so much money on the line, it can be hard to remember that there\u2019s a real person involved behind every shifting market metric.<\/span><\/p>\n

This month, <\/span>Phemex<\/span><\/a> is also giving its user interface a complete overhaul, including a full redesign of its visual design so users can more easily take part in the ongoing blockchain revolution. Contrary to popular belief, the world\u2019s financial systems weren\u2019t designed to be unfair, but that doesn\u2019t change the fact that they are.<\/span><\/p>\n

Trading is fundamentally competitive, but that doesn\u2019t mean the competition can\u2019t be unbiased. Phemex wants to power an economy fueled by freedom, equal opportunity, and organic growth by allowing its users to make meaningful market contributions on their own terms.<\/span><\/p>\n

By removing barriers created by exclusivity or privilege, Phemex offers a platform where winners are decided based on their abilities and foresight \u2014 not their connections.<\/span><\/p>\n

Cryptocurrency investors are on an adventure to break through the obstacles formed by the world\u2019s traditional financial ecosystems. Carve your own path, and break free with Phemex<\/a>.<\/span><\/p>\n

This is a sponsored post. Learn how to reach our audience here<\/a>. Read disclaimer below.<\/em><\/p>\n

Listen to the latest Bitcoin.com Podcast:<\/p>\n<\/p>\n

Bitcoin News
\nSponsored, Phemex<\/p>\n","protected":false},"excerpt":{"rendered":"

Wall Street is often touted as the place where dreams come to life, but the world\u2019s 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…<\/p>\n","protected":false},"author":0,"featured_media":12952,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-12951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12951"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=12951"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12951\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/12952"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=12951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=12951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=12951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}