Phemex co-founder Jack Tao: Cryptocurrency derivatives market will continue to grow

Jack Tao, co-founder of cryptocurrency exchange Phemex, said that over the past year, user space in the cryptocurrency derivatives market has grown significantly, and Phemex expects this trend to continue. Jack Tao believes that the price difference between the cryptocurrency and derivative markets is more similar to the traditional market. In the traditional market, the derivative market is often much larger than the spot market, and most derivatives are conducted on OTC platforms transaction. In addition, Jack Tao said that as the younger generation enters, the potential of the derivatives market will continue to grow