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ABOUT US
pheme
Our Story
Back in 2017, as experienced professional Wall Street traders and investors, Jack Tao and other founding members of Phemex identified a lack of professionalism, trustworthiness, and customer support within the crypto industry. In the following two years, the number of users engaging in cryptocurrency trading increased significantly. Nevertheless, existing exchanges showed little to no improvement. Realizing the seriousness of the problem, the team left Wall Street and founded Phemex in the summer of 2019. They then dedicated themselves to building a simple, efficient, but most importantly, a trusted cryptocurrency trading platform. Then, on November 25th, 2019, the Phemex platform officially went live.
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Why Phemex
Pheme (Fama) is the personification of fame and of the public's voice in Greek mythology. While MEX stands for mercantile exchange. This name was chosen to highlight our vision and our dedication to stand as the most trustworthy trading platform.
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Our Mission
To empower everyone to trade simply and manage risk efficiently
From day one, our mission was and will always continue to be the empowerment of individuals. We want everyone in this world to have access to the right set of tools that will allow them to manage risk efficiently and trade simply. We sincerely believe this to be a fundamental right that all traders should enjoy.
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Our Vision
Become the most trustworthy cryptocurrency and derivatives trading platform
We see ourselves becoming a leading financial services provider in this industry, one that is unrivaled in trustworthiness, honesty, and integrity. Above all else, we wish to stand out for how we treat our customers. However, we will never compromise or abandon our firm commitment to deliver the highest level of quality products and services as we continue to grow with our community.
03
Our Values
Led by 8 former Morgan Stanley Executives, Phemex's goal is to build the worlds most trustworthy cryptocurrency derivatives trading platform. We leverage a “User-Oriented” approach to develop far more powerful features than any existing exchange.
Above all, we place customers first. All of our features and tools are designed with this philosophy in mind. This is why our development team is directly available and constantly gathering feedback, comments, and requests from our community on social media.
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MSB Registration
Phemex is the most trustworthy platform. We are now a fully registered Money Services Business (MSB) with the Financial Crimes Enforcement Network Department. Safely deposit and trade your funds on a platform that is entirely worry-free.
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CORE TEAM
Jack Tao
Jack Tao
Jack, our CEO, is an 11-year veteran executive from Morgan Stanley, where he worked as the MSET BXS global development leader before departing to co-found Phemex. Jack's primary area of expertise is in building high throughput, low latency, large scale algorithm trading platforms both in C++ and Java. He is also an expert on q/KDB+. Jack has been enthusiastic about blockchain technology and cryptocurrencies since 2016. He is both devoted and determined to create a revolutionary cryptocurrency trading platform with the eventual goal of developing a new economy for global users.
Yang Du
Yang Du
Yang has been working in the financial industry for 12 years. He joined Phemex in 2019 as the leading system architect. Previously, he worked in the same role for HKEX and was a core developer for Morgan Stanley and Ericsson. His areas of expertise include research & design of algorithmic and strategic trading systems, ultra-low latency matching engines, and market data systems. Yang strongly believes that technology can both ease and improve our lives. This is why he remains committed to making Phemex more accessible and intuitive.
Cecilia Wang
Cecilia Wang
Cecilia joined Phemex in 2019 as Chief Marketing Officer. Prior to this, she served as the CEO of J.C.Moritz for 7 years. This market research and strategy firm provided services to the world's top management consulting, private equity, venture capital, and Fortune 500 companies. Cecilia is a proven professional with more than 10 years of executive experience in creating, developing, and managing both businesses and teams while aggressively generating growth.
Federico Variola
Federico Variola
Federico is a Ph.D. candidate at Fudan University. His research specializes in cyber warfare and the intersection between conventional concepts of national security and new technologies. Federico first encountered Phemex while researching the prospective role of cryptocurrencies in the international community. Soon after, he joined the team as a business development manager. Federico possesses working and academic experience in Europe, Russia, and China. He is eager and excited to be a part of what he believes will be a fundamental shift in transnational relations and the global economy.
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Phemex is a professional and trustworthy global cryptocurrency and derivatives trading platform.
© Copyright 2020 Phemex All rights reserved
PHEMEX RISK WARNING
INVESTING INHERENTLY INVOLVES RISKS, DO SO AT YOUR OWN RISK.
THIS PHEMEX RISK WARNING ILLUSTRATES POTENTIAL RISKS THAT YOU MAY FACE WHILE USING PHEMEX.COM AND ALL OF ITS ASSOCIATED SERVICES, AND AIMS TO HELP YOU EVALUATE AND DETERMINE YOUR OWN CAPABILITIES. PLEASE MAKE SURE THAT YOU CAREFULLY READ AND FULLY UNDERSTAND THE TERMS, ARTICLES AND/OR CONDITIONS OF THIS PHEMEX RISK WARNING. BY CONTINUING TO USE PHEMEX.COM YOU HEREBY ACKNOWLEDGE THAT YOU HAVE ACCEPTED THE RISKS DISCLOSED UNDER THIS PHEMEX RISK WARNING. PHEMEX RESERVES THE RIGHT TO MODIFY ANY OF THE TERMS OF THIS PHEMEX RISK WARNING WITHOUT PRIOR NOTICE. IF ANY OF THE TERMS HEREUNDER ARE UNACCEPTABLE TO YOU, YOU SHOULD NOT USE PHEMEX.COM. CRYPTOCURRENCY TRADING IS HIGH-RISK AND SPECULATIVE, IT IS IMPORTANT THAT YOU UNDERSTAND THE RISKS BEFORE YOU START TRADING.
THE RISKS OF INVESTING WITH PHEMEX.COM INCLUDE, BUT ARE NOT LIMITED TO, THE FOLLOWING:
1. PRICE RISKS:
PRICES CAN AND DO FLUCTUATE ON ANY GIVEN DAY. THIS IS ESPECIALLY TRUE FOR CRYPTOCURRENCY TRADING – UNEXPECTED CHANGES IN MARKET SENTIMENT CAN LEAD TO SHARP AND SUDDEN MOVEMENT IN PRICE. IT IS NOT UNCOMMON FOR THE VALUE OF CRYPTOCURRENCIES TO QUICKLY DROP BY HUNDREDS, IF NOT THOUSANDS OF DOLLARS.
2. REGULATORY RISKS:
CRYPTOCURRENCY TRANSACTIONS MAY FACE POLICY REGULATORY RISKS IN CERTAIN JURISDICTIONS AND MAY BE SUSPENDED OR PROHIBITED AT ANY TIME. THEREFORE, WE ADVISE YOU MAKE A CAREFUL JUDGMENT BEFORE TRADING AND TAKE THE TIME TO UNDERSTAND THE POLICY REGULATIONS OF YOUR TRADING REGION AND EVALUATE THE ECONOMIC RISK OF LOSING THE ENTIRE INVESTMENT.
3. TAX RISKS:
CRYPTOCURRENCY TRADING MAY BE SUBJECT TO TAXATION. YOU ARE SOLELY RESPONSIBLE FOR WITHHOLDING, COLLECTING, REPORTING, PAYING, SETTLING AND/OR REMITTING ANY AND ALL TAXES TO THE APPROPRIATE TAX AUTHORITIES IN ANY SUCH JURISDICTION(S) IN WHICH YOU MAY BE LIABLE TO PAY TAX. PHEMEX SHALL NOT BE RESPONSIBLE FOR WITHHOLDING, COLLECTING, REPORTING, PAYING, SETTLING AND/OR REMITTING ANY TAXES (INCLUDING, BUT NOT LIMITED TO, INCOME, CAPITAL GAINS, SALES, VALUE ADDED OR SIMILAR TAX) WHICH MAY ARISE FROM YOUR PARTICIPATION IN THE CRYPTOCURRENCY TRADING.
4. REGION LIMITATION RISKS:
PHEMEX CANNOT AND DOES NOT PROVIDE SERVICES TO COUNTRIES OR TERRITORIES WHERE CRYPTOCURRENCY TRADING ACTIVITIES ARE SPECIALLY LICENSED, ACCREDITED, OR REGULATED IN OTHER WAYS. YOU SHALL CHECK THE APPLICABLE LAWS IN YOUR REGION AND BE FULLY RESPONSIBLE FOR ANY NEGATIVE IMPACT THAT MAY ARISE FROM YOUR RESIDENT COUNTRY’S REGULATIONS. IF YOU ARE TRAVELLING TO ANY SUCH COUNTRIES, YOU ACKNOWLEDGE THAT OUR SERVICES MAY BE UNAVAILABLE AND/OR BLOCKED.
5. RISKS OF CHANGE OR TERMINATION OF SERVICE:
PLEASE NOTE THAT PHEMEX IS IN THE PROCESS OF UNDERTAKING A LEGAL AND REGULATORY ANALYSIS OF BITCOIN TRADING WITH MARGIN. FOLLOWING THE CONCLUSION OF THIS ANALYSIS, PHEMEX MAY DECIDE TO AMEND THE INTENDED FUNCTIONALITY IN ORDER TO ENSURE COMPLIANCE WITH ANY LEGAL OR REGULATORY REQUIREMENTS TO WHICH PHEMEX IS SUBJECT. WE SHALL PUBLISH A NOTICE ON OUR WEBSITE OF ANY CHANGES OR MODIFICATIONS TO THE FUNCTIONALITY AND IT IS YOUR RESPONSIBILITY TO REGULARLY CHECK OUR WEBSITE FOR ANY SUCH NOTICES. ON THE CONCLUSION OF THIS ANALYSIS, WE WILL DECIDE WHETHER OR NOT TO CHANGE THE FUNCTIONALITY OF THE WEBSITE.
6. RISKS OF CRYPTOCURRENCY CONTRACT TRADING:
RISKS OF CRYPTOCURRENCY DERIVATIVE CONTRACT TRADING: TRADING DERIVATIVE CONTRACTS POSES ADDITIONAL RISKS NOT FOUND WITH TRADITIONAL CURRENCIES. CRYPTOCURRENCIES ARE ASSOCIATED WITH SUBSTANTIAL PRICE MOVEMENTS, HIGHER MARKET VOLATILITY, AND MORE CHARGES OR FEES. THESE FACTORS CAN LEAD TO INCREASED GAPPING OR SLIPPAGE COSTS.
CONTRACT TRADING OFTEN EMPLOYS LEVERAGE, WHICH INCREASES EXPOSURE TO BOTH PROFITS AND LOSSES. IF THE MARKET MOVES IN A DIRECTION THAT OPPOSES YOUR POSITION, YOU WILL EXPERIENCE A RAPID AND SIGNIFICANT LOSS. IT IS YOUR RESPONSIBILITY TO SET A STOP LOSS INSTRUCTION TO MITIGATE YOUR EXPOSURE AND TO AVOID FORCED LIQUIDATIONS. IN THE CASE OF A LIQUIDATION YOU WILL BEAR ALL THE LOSSES. PLEASE NOTE THAT ONCE AN ORDER IS SUBMITTED AND FILED BY OUR TRADING PLATFORM, IT IS FINAL AND IRREVOCABLE. YOU MUST ACCEPT ALL RISKS AND CONSEQUENCES OF YOUR TRADES.
THE ABOVE IS A NON-EXHAUSTIVE LIST. TAKING ALL OF THE ABOVE INTO CONSIDERATION, PRIOR TO USING PHEMEX.COM FOR CRYPTOCURRENCY TRADING, YOU PROMISE THAT YOU:
1. ARE OF AN AGE OF MAJORITY (AT LEAST 18 YEARS OF AGE), MEET ALL ELIGIBILITY AND RESIDENCY REQUIREMENTS, ARE FULLY ABLE AND LEGALLY COMPETENT TO USE PHEMEX.COM AND THUS ENTER INTO AN AGREEMENT WITH PHEMEX - ENSURING THAT IN DOING SO YOU WILL NOT VIOLATE ANY OTHER AGREEMENT TO WHICH YOU ARE A PARTY;
2. HAVE THE NECESSARY AND RELEVANT EXPERIENCE AND KNOWLEDGE TO DEAL WITH AND MANAGE CRYPTOCURRENCIES AND BLOCKCHAIN-BASED SYSTEMS, WITH A FULL UNDERSTANDING OF THEIR FRAMEWORKS AND ARE AWARE OF ALL THE MERITS, RISKS AND ANY RESTRICTIONS ASSOCIATED WITH CRYPTOCURRENCIES AND BLOCKCHAIN-BASED SYSTEMS, BEING SOLELY RESPONSIBLE FOR ANY EVALUATIONS BASED ON SUCH KNOWLEDGE;
3. ARE NOT A FOREIGN OR DOMESTIC POLITICALLY EXPOSED PERSON (PEP);
4. WILL NOT BE USING PHEMEX.COM FOR ANY ILLEGAL ACTIVITY, INCLUDING BUT NOT LIMITED TO, MONEY LAUNDERING AND THE FINANCING OF TERRORISM.
PLEASE NOTE THAT ALL DATA ANALYSIS, PROJECTIONS, CONTENT, RESEARCH, TOOLS, AND COIN SYMBOLS ARE FOR EDUCATIONAL AND ILLUSTRATIVE PURPOSES ONLY. THEY DO NOT IMPLY OUR RECOMMENDATION OR SOLICITATION TO BUY OR SELL A PARTICULAR ASSET OR TO ENGAGE IN ANY PARTICULAR INVESTMENT STRATEGY. PROJECTIONS OR OTHER INFORMATION REGARDING THE LIKELIHOOD OF VARIOUS INVESTMENT OUTCOMES ARE HYPOTHETICAL IN NATURE AND DO NOT REFLECT ACTUAL INVESTMENT RESULTS OR A GUARANTEE OF FUTURE RESULTS. YOU ALONE ARE RESPONSIBLE FOR EVALUATING THE MERITS AND RISKS ASSOCIATED WITH THE USE OF CRYPTOCURRENCY TRADING ON PHEMEX.COM. WE ADVISE YOU, TO THE EXTENT NECESSARY, TO CONSULT AN APPROPRIATE FINANCIAL ADVISER, ACCOUNTANT, LAWYER, OR TAX PROFESSIONAL PRIOR TO ENGAGING IN CRYPTOCURRENCY TRADING.
WE STRONGLY SUGGEST THAT YOU TAKE THE TIME TO MAKE AN INFORMED DECISION WHETHER TO ENGAGE IN CRYPTOCURRENCY TRANSACTIONS AND REASONABLY ALLOCATE DIGITAL ASSETS ACCORDING TO YOUR OWN FINANCIAL SITUATION.
THE TERMS USED IN THIS PHEMEX RISK WARNING SHALL HAVE THE SAME MEANINGS AS IN THE PHEMEX TERMS OF USE EXCEPT WHERE STATED OTHERWISE.