Phemex & Federico Variola

Phemex: Phemex, a crypto exchange, expanded its TradFi ecosystem to 73 active assets, including high-performance contracts from various sectors. This move aims to provide its 10 million users with a unified, 24/7 portal to significant growth drivers, enhancing its market position and offerings.

Federico Variola: Federico Variola, CEO of Phemex, commented on the expansion, highlighting the dissolution of boundaries between Web3 and traditional finance and Phemex's role in providing essential infrastructure for modern traders.

Phemex: Phemex released its monthly Proof of Reserves reports for June and July 2026, demonstrating that user liabilities are fully backed across all covered cryptocurrencies, which aims to build user confidence and transparency.

Federico Variola: Federico Variola, CEO of Phemex, commented on the importance of consistent and verifiable Proof of Reserves, emphasizing transparency as a core part of the user experience.

Phemex: Phemex launched the 2026 Ultimate Championship, a global trading event with a $7 million prize pool, aiming to increase user engagement and expand its market presence.

Federico Variola: Federico Variola, CEO of Phemex, provided commentary on the event's goals, emphasizing the integration of global events with financial markets and user engagement.

Phemex: Phemex, a crypto exchange, reported a 300% surge in crude oil perpetual futures volume on its TradFi platform due to the US-Iran ceasefire announcement, highlighting its role in providing 24/7 access to traditional assets through crypto-native systems.

Federico Variola: Federico Variola, CEO of Phemex, commented on the surge in crude oil trading, noting its transformation into a fast-growing asset class on their platform.