Former Morgan Stanley Developers Launch Crypto Derivatives Exchange
Eight former core developers from financial services company Morgan Stanley (NYSE:) have launched Phemex, a new cryptocurrency derivatives trading platform, in Singapore.
In a press release shared with Cointelegraph on Dec. 4, the former Morgan Stanley developers claim the platform is ten times faster than traditional crypto trading platforms, while offering 100x leverage to both retail and institutional investors in (BTC), (ETH) and (XRP) perpetual contracts.
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