Phemex
crypto-industry aligned
Background
Phemex was founded in 2019 by Jack Tao and seven colleagues who had previously worked at Morgan Stanley. The platform launched as a derivatives-focused crypto exchange offering high-leverage futures trading and grew to serve over 10 million users across 150-plus countries. Headquartered in Singapore, it expanded into spot trading and added hundreds of trading pairs over time. The company operates a content arm — a blog and a real-time news feed labeled 'Flash News' — that covers cryptocurrency market movements, product updates, and industry trends. This content is editorially focused on serving traders on the platform rather than functioning as journalism. Phemex has not been associated with major journalistic controversies; its content controversies, if any, relate to the unregulated crypto industry rather than political coverage. Because its orientation is industry-promotional rather than news-editorial, conventional political lean labels do not apply in a meaningful way.
Sources
Profile compiled 2026-09-21; refreshed when ownership, funding, or the administration changes.