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Singapore cryptocurrency exchange offering spot and derivatives trading for retail and institutional investors.
Founded in 2019 in Singapore by Federico Variola and Jack Tao, Phemex operates a cryptocurrency exchange for spot and derivatives trading, serving retail and institutional traders across Asia, Europe and North America. Revenue comes mainly from tiered trading fees, along with subscriptions for premium features. On March 11, 2020 the company raised USD 3.5 mn in Series A funding led by NGC Ventures.
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