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A top 5 crypto exchange, Phemex, is emerging as one of the leaders and outliers in the industry by bringing together the best attributes of CeFi and DeFi through its Web 3.0 ecosystem. With the imminent launch of Phemex Token, its expanding community can anticipate an inclusive trading platform that empowers users with opportunities to participate and share in the platform’s success actively.
Cryptocurrency trading is evolving to offer users the benefits of Traditional Finance (TradFi), such as security, and the focus on innovation and accessibility Decentralised Finance (DeFi) offers. By bringing together the advantages of centralised (CEX) and decentralised (DEX) exchanges, hybrid exchanges allow investors to trade on-chain without intermediaries while maintaining the security and liquidity a CEX offers.
Crypto Daily spoke to Stella Chan, COO at Phemex, to explore the topic of hybrid exchanges. Phemex is a top-five crypto exchange that has embraced decentralization to pioneer a hybrid trading model. Through its Web 3.0 ecosystem, Phemexia, the exchange promises to combine decentralized decision-making with centralized efficiency.