How to Build a Cryptocurrency Exchange with Jack Tao | Market Meditations #19

February 20, 2021



Jack (@jack_Phemex) is the co-founder of Phemex, a cryptocurrency derivatives trading platform. Earlier in his career, Jack was a VP and software engineer at investment bank Morgan Stanley where he gained experience that currently helps him build the most trustworthy exchange in the space. He holds a bachelor in computer science and a master's degree in computer software engineering from Fudan University.

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Disclaimer: None of the information communicated in this video is financial advice, I am not a financial advisor and this information is for entertainment purposes only.

Show Notes:
Introduction (0:00)
How Jack got into crypto (1:06)
Why Jack built a derivatives exchange (03:30)
What Phemex wants to do better (05:15)
Where did it all begin (07:50)
Tips on hiring employees (10:45)
Establishing the best reputation in the space (15:50)
Complying with crypto regulation (19:35)
Why the financial system is broken (22:50)
Whether Jack trades or invests himself (27:00)
Jack's book recommendations (30:15)
Work-life balance (36:20)
Does Jack have mental models? (39:25)
Best & worst investment Jack has made (41:10) πŸ•’ π“π’π¦πžπ¬π­πšπ¦π©π¬