Press Release View Non-AMP

Phemex Spoke about the Future of Crypto Industry at the Paris Blockchain Week Summit

Published by
PR Manager

Phemex Business Development Director of Global Markets, Federico Variola, spoke at the Paris Blockchain Week Summit that took place on April 13th and 14th, 2022. 

This event featured:

  • More than 3000 attendees, 70 sponsors, 250 speakers and 100 media partners
  • Participants were able to connect with crypto professionals and partners in order to further their businesses.
  • Participants were able to create commercial partnerships with the world’s largest platforms.

Federico touched on the rise of Defi Summer from 2020 to present. He claims that DEXes are growing more popular and continue to show strong growth. In fact, by stressing speed and scalability, Uniswap, Curve, and L1 Ethereum competitors such as Solana, Binance SmartChain Avalanche, and Terra are beginning to eat into Ethereum’s market share. As a result, exchanges must adapt and maybe participate in this battle by aligning themselves with innovative new companies in order to sustain long-term growth.

He discussed the virtual economy, which is facilitated by digital currencies and NFTs, is exacerbating the rise of the crypto area. Popular NFTs like Cryptopunks and BAYC (ApeCoin) are attracting crypto fans from all around the world, with OpenSea achieving a trading volume of over $20 billion. Even social media platforms like Instagram and Twitter are starting to consider NFT integration.

Federico also talked about the new Metaverse narratives in the presence of established firms such as Meta/Facebook, Nike, JP Morgan, and Microsoft. In addition to gaming, traditional gaming platforms such as Ubisoft are investing in blockchain gaming and FTX firms through projects such as Axie Infinity and Yield Guide Games.

Variola noted how Phemex also supports Metaverse development in various ways, including listing Metaverse related coins and holding engaging user events and campaigns. Phemex, which was founded in 2019, intends to improve the professionalism and efficiency of a fast-growing but yet immature industry. The main goal of the platform is security, speed, convenience, low fees, and giving users access to a variety of crypto pairs. Phemex has contributed to the Metaverse’s growth by listing assets such as AXS, MANA, YGG, SAND, SLP, and others. In the future, Phemex will keep a careful check on this huge and expanding trend.

Fedrico concluded by stating that the exchange landscape is more complex than it has ever been. The crypto business is fast growing, and exchanges must be very present and nimble in order to keep up. Exchanges must carefully examine which parts of the industry they believe have the most promise, then act rapidly to align.

About Paris Blockchain Week Summit

The Paris Blockchain Week Summit is a multi-city event that includes keynotes, discussions, conferences, workshops, a hackathon, and parties. It brings together worldwide blockchain fans and technology players – including startups – with regional businesses, government officials, IT professionals, tech entrepreneurs, investors, and blockchain developers.

About Phemex

Phemex, is a cryptocurrency and derivatives trading platform based in Singapore, was founded in 2019 by former Morgan Stanley professionals. Phemex supports 39+ contract trading pairs with up to 100x leverage and 200+ spot trading pairs, serving over 2 million active customers in over 200 countries and making it easy and efficient to trade and buy cryptocurrency. It was also the first major exchange to introduce a premium membership model with no spot trading costs as an option.

For further details about Phemex, please contact:

  • Catherine Li
  • Events & Sponsorships
  • catherine.li@phemex.com
PR Manager

Press release about recent ICOs, announcement from startups, new cryptocurrency launch by firms and unlike.

Recent Posts

Should You Buy More TRUMP to Have Dinner With President Trump? Will the TRUMP Price Sustain Above the Gains?

Soon after the launch, the OFFICIAL TRUMP (TRUMP) price experienced a huge pullback that has…

April 24, 2025

Whales Turn Active After Ethereum’s Strong Recovery: What’s Next for ETH Price?

Ethereum's price has jumped after being stuck in a slump for several weeks, helping it…

April 24, 2025

WIF, BONK & FLOKI Prices Attract Massive Gains—Has the Memecoin Mania Begun?

The memecoins have begun to rise as Bitcoin displays massive stability after the recent upswing.…

April 23, 2025

President Donald Trump to Hold an Exclusive Dinner For Top 220 $TRUMP Token Holders on May 22

The top 220 $TRUMP holders by May 12 will be eligible for the Gala dinner…

April 23, 2025

Mega Bullish: SOL Strategies Announces $500M to Buy More Solana

SOL Strategies agreed with ATW Partners to issue a convertible note of up to $500M.…

April 23, 2025

After Rising Above $1800, Here’s What to Expect from the Ethereum (ETH) Price Rally This Month

The crypto markets are healing after the trade war losses that wiped out billions from…

April 23, 2025