“Web3 will revolutionize how the world interacts with the Internet of Value”

Ishan Pandey: Hi Jack, welcome to our series “Behind the Startup.” Would you mind telling us about yourself and the story behind Phemex?

Jack Tao: For me, Phemex is more than just another cryptocurrency derivatives exchange. I spent over a decade on Wall Street as a VP at Morgan Stanley, and if that taught me anything, it’s that the world of financial services as it stands today isn’t designed for retail investors.

I encountered blockchain technology in its early days and even earned some Bitcoin from mining.

However, despite the community’s philosophy of decentralization, transparency, and distributed control, I found few of these ideals implemented on mainstream exchanges. This is what led to Phemex’s inception.

Ishan Pandey: Could you...

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