Phemex Is a Rebellion Against Traditional Finance, and It’s Winning

Phemex Is a Rebellion Against Traditional Finance, and It’s Winning


Wall Street is often touted as the place where dreams come to life, but the world’s economic epicenter can also be an absolute nightmare. From brokers screaming at each other across trading floors to the modern electronic trading systems of today, money talks in Wall Street. However, while the NYSE houses over $28.5 trillion in assets, there’s still a lot left unsaid.

On Wall Street, it is believed that history doesn’t repeat itself, but rhymes. The world’s financial systems have failed consistently over time, but when Phemex’s founder Jack Tao initially joined Morgan Stanley in 2009, nothing could have prepared him for the restrictive design financial markets utilized towards retail investors. From censoring trades inflating fees to conducting deals with exclusive partners away from the

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