This exchange is celebrating its fourth-year anniversary with a bold move to empower the crypto community

cointelegraph.com:

Users have concerns about centralized exchanges’ transparency and trustworthiness, but decentralized alternatives lack liquidity and security. Crypto exchange Phemex, celebrating its 4th year anniversary this week, is poised to usher in a new era, where traditional barriers in finance are dismantled and users have unprecedented control over their assets and financial destinies.

Centralized exchanges (CEXs) have played a pivotal role in expanding the cryptocurrency landscape. With better user experience, accessible fiat on-ramps and unmatched liquidity, CEXs helped millions of users to kick off their crypto journey. However, 2022 showed that even top CEXs can be prone to security and transparency issues.

As users flocked to decentralized alternatives, they quickly realized that decentralized finance (DeFi) is not exactly smooth sailing, either. Poorly designed apps and constant security breaches showed the need for a solution that brings the best parts of CEX and DEX dynamics.

To combine the security, liquidity and accessibility of centralized platforms with the transparency and autonomy of DeFi, the top-five crypto exchange Phemex devised a hybrid model where users have visibility and control over the platform’s inner workings. Phemex calls itself a “semi-centralized” exchange where Web3 is utilized to achieve transparent and distributed ownership.

Phemex now serves 5 million users globally and boasts a robust daily trading volume of over $10 billion. Celebrating its 4th anniversary, Phemex has unveiled two special campaigns designed to express gratitude to its loyal community. The first initiative is a fee-free trading day on November 25th, Phemex’s birthday. During this day, users can enjoy unlimited contract trading