This exchange is celebrating its fourth-year anniversary with a bold move to empower the crypto community
and unlock exclusive platform benefits while securely recording users’ activity on the platform and rewarding them based on their interactions.
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How Phemex’s hybrid approach helps
The hybrid exchange model introduced by Phemex aims to combine the best of centralized and decentralized exchanges, offering its users more security, transparency and autonomy as a result.
“For four years, Phemex has stood as a dependable partner in cryptocurrency trading,” Stella Chan, chief operations officer at Phemex, said, adding:
“As we celebrate our 4th anniversary, we’re excited to expand beyond providing a reliable trading platform to users worldwide and make strides in introducing our Web3 ecosystem to our community.”
Phemex is a licensed and regulated exchange that provides substantial liquidity and employs security measures to keep users’ funds well protected. For its vision to move toward decentralization, the hybrid crypto exchange uses transparency as a key step to establish trust in the wider crypto landscape. Phemex was among the first to implement Merkle-tree proof-of-reserves as well as proof-of-solvency, giving public access to its operations for better visibility.
Unlike most centralized exchanges, the hybrid platform bridges the gap between CEX and DEX by giving users more control over their financial journey. With Phemex Soul Pass, the platform offers a way for users to participate in governance and profit sharing, and PT holders can stake their tokens to earn rewards and participate in governance.
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