Former Morgan Stanley executive launches cryptocurrency derivatives exchange Phemex

News on December 4th, eight former core developers of Morgan Stanley have launched the cryptocurrency derivatives exchange Phemex. The exchange claims that it is 10 times faster than other cryptocurrency trading platforms capable of processing 300,000 transactions per second and provides up to 100 times the leverage. It took about six months to set up Phemex and opened registration ten days ago. So far, about 2,000 users have registered for Phemex.