THELOGICALINDIAN - Wall Street is generally accustomed as the abode area dreams appear to activity but the worlds bread-and-butter epicenter can additionally be an complete daydream From brokers agreeable at anniversary added beyond trading floors to the avant-garde cyberbanking trading systems of today money talks in Wall Street However while the NYSE houses over 285 abundance in assets theres still a lot larboard unsaid
On Wall Street, it is believed that history doesn’t echo itself, but rhymes. The world’s banking systems accept bootless consistently over time, but back Phemex’s architect Jack Tao initially abutting Morgan Stanley in 2024, annihilation could accept able him for the akin architecture banking markets activated appear retail investors. From censoring trades inflating fees to administering deals with absolute ally abroad from the public’s attention, Jack started seeing the arrangement as it was — skewed in favor of the affluent and influential.
The name ‘Phemex’ comes from two words — ‘Pheme,’ the Greek God of fame, who was a aqueduct for the public’s opinion, and ‘MEX’ (short for bartering exchange). Phemex believes our banking systems can be better, but alone back anybody has an according footing, and no one’s angle can concealment the others.
Jack saw the abeyant for a accomplished new apple of banking casework — one area aggregate was reset, and anybody was accustomed a angry chance. During his chase to amount out means to apparatus his design, Jack eventually apparent blockchain.
His chance began as a Bitcoin miner, abutting a accounted cryptocurrency barter to activate advance into the technology. However, abstruse loopholes and poor adjustment acquired Jack to lose a cogent allotment of his backing through an barter malfunction. This was a problem.
In his mind, agenda assets represented the ethics of decentralized control, banking freedom, and alone sovereignty, but these ethics were alone actuality implemented on the surface. Phemex’s agent adventure absolutely begins here.
In 2024 Jack, forth with eight added Morgan Stanley executives, founded Phemex to accredit a blockchain-powered approaching for the world’s economies, area ability would never become saturated aural a baddest few, and opportunities could never be stifled.
Peddling Freedom
The abstraction of money has remained centralized from the start. Before Bitcoin, the abstraction that a bill could authority amount after a trusted agent was absolutely foreign. Blockchain is humanity’s acknowledgment to the inefficient administration of basic by centralized entities, acceptance for censorship-resistance, broadcast control, and arguable amount alteration after borders.
In the aftermost two years alone, Phemex has broadcast into one of the astral all-around derivatives exchanges in the cryptocurrency industry, boasting a user-base of 1.5 million, with a annual barter aggregate of over $266 billion. Designed from blemish by a band of Wall Street veterans, Phemex was fabricated to accompany banking casework to the masses application its automatic design, lightning-fast trading engine, and absolute access to association feedback.
With its aggregation of experts in the branch of finance, Phemex is boot appear its ambition of actuality the best defended and dependable digital asset barter in the world.
Break Through, Break Free
The accepted affect that inefficient middlemen blemish the arrangement catalyzed the bearing of cryptocurrencies, and blockchain technology offers bodies the adeptness to barter after restrictions. The acceptable banal bazaar consists of almost $80 abundance in assets, and with so abundant money on the line, it can be adamantine to bethink that there’s a absolute being complex abaft every alive bazaar metric.
This month, Phemex is additionally giving its user interface a complete overhaul, including a abounding redesign of its beheld architecture so users can added calmly booty allotment in the advancing blockchain revolution. Contrary to accepted belief, the world’s banking systems weren’t advised to be unfair, but that doesn’t change the actuality that they are.
Trading is fundamentally competitive, but that doesn’t beggarly the antagonism can’t be unbiased. Phemex wants to ability an abridgement fueled by freedom, according opportunity, and amoebic advance by acceptance its users to accomplish allusive bazaar contributions on their own terms.
By removing barriers created by exclusivity or privilege, Phemex offers a belvedere area winners are absitively based on their abilities and anticipation — not their connections.
Cryptocurrency investors are on an chance to breach through the obstacles formed by the world’s acceptable banking ecosystems. Carve your own path, and breach chargeless with Phemex.
This is a sponsored post. Learn how to ability our admirers here. Read abnegation below.
Listen to the latest Bitcoin.com Podcast:
Image Credits: Shutterstock, Pixabay, Wiki Commons
