Phemex Introduces Hybrid Crypto Exchange Model Blending Benefits of Centralized and Decentralized Platforms

Phemex pioneers a hybrid crypto exchange model combining benefits of centralized and decentralized exchanges.
Crypto trading venues have evolved from Bitcoin Market in 2010 to automated market makers relying on formulas today.
Centralized exchanges use order books while decentralized exchanges operate via smart contracts.
Phemex provides CEX-like liquidity yet enables access to DeFi through its Phemexia ecosystem.
Phemex holders of soul-bound token Phemex Soul Pass can propose/vote in DAO and get airdrops of native token xPT.

cointelegraph.com

Relevant topic timeline:

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