Phemex

Singapore-based cryptocurrency derivatives exchange Phemex, has unveiled its latest product: a proprietary perpetual contract pegged on gold and settled in nominal USD.   Each contract is worth 0.001 troy ounce of gold, and its price is deter

Eight former core developers from Morgan Stanley, have announced the launch of Phemex, a cryptocurrency derivatives trading platform. Phemex is 10x faster than traditional crypto trading platforms with the ability to manage 300,000 TPS — the fastest matching engine online. Additionally, Phemex’s low latency system architecture delivers an order entry and response time of less than 1 millisecond while maintaining stable APIs for algorithmic trading.