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    Singaporean Phemex crypto exchange launches Gold perpetual Contract

    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
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    Wall Street Heavyweights Launch Crypto Derivatives Exchange

    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.
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