RATE Group | Crypto Derivatives Platform Phemex Lands $3.5 Million Investment Round from NGC Ventures…
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Crypto Derivatives Platform Phemex Lands $3.5 Million Investment Round from NGC Ventures…

12 Mar Crypto Derivatives Platform Phemex Lands $3.5 Million Investment Round from NGC Ventures…

Posted at 22:22h in Cryptocurrency News by

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Phemex, a cryptocurrency derivatives platform today announced a $3.5 million (USD) investment round, led by NGC Ventures, one of the world’s leading blockchain investment firms, followed by a number of Morgan Stanley executives and a leading team of quants. The investment will drive Phemex’s global expansion and growing the Phemex team while also launching a renewed product design.

Commenting on the investment, Tony Gu, Founding Partner at NGC Ventures, said:

“As we witness an increase in global demand for products such as cryptocurrency derivatives, there is a need for market-ready products and platforms that can cope with this rise in demand. NGC Ventures believes in Phemex’s technical superiority and has full confidence in its team to expand its platform and product offering across the new markets successfully and meaningfully.”

Phemex is building the world’s fastest cryptocurrency derivatives platform with a user-oriented approach to offer…

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