Our Story
In his past life, our founder Jack spent 11 years as a senior executive at Morgan Stanley. He learned how to build reliable and efficient systems, but over time also recognized fatal limitations of traditional finance. Unreasonable fees, exclusive dealings, inefficient systems...he realized that the current banking ecosystem was fundamentally skewed in favor of the privileged few. Jack envisioned a new financial paradigm where the slate is wiped clean and everyone can access the same opportunities and freedoms.
This outlook drove Jack to embrace blockchain technology. He started out as a Bitcoin miner, and also joined a reputable cryptocurrency exchange to begin investing. However, technical loopholes on that exchange caused the platform to malfunction and Jack lost a portion of his investments. The experience revealed that while cryptocurrency embodied ideals of free finance and individual sovereignty, existing platforms still lacked maturity. Jack was inspired to relinquish his old identity and, together with several other Morgan Stanley colleagues, began to devise a new crypto platform. By collectively leveraging their strong technical backgrounds and decades of Wall Street expertise, the founding team created Phemex.
Phemex facilitates a future powered by blockchain technology that provides us all with richer, more meaningful lives. We seek to empower users in a world with boundless opportunity, greater equality, and massive freedom. By handing people the ability to craft their own destiny, Phemex eliminates privilege and exclusivity. This new paradigm offers everyone the same starting point and limitless possibilities. Winners will be determined purely by their diligence, foresight, and capacity to rapidly adapt.
Break through! Discard the burdensome labels that the traditional system has placed on you. We’re here to serve as a trustworthy partner in your journey to a new economic frontier.
What is Phemex
Our name derives from the combination of Pheme and MEX.
Pheme is the Greek God of fame who represented the public’s voice. MEX stands for mercantile exchange. Together, they symbolize our vision for an enhanced financial future in which everyone’s voices are heard and old identities are cast away in favor of equal opportunities.
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.
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.
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.