n a 2025 special report, Bloomberg wrote:
“PhCryptoX is rapidly becoming a central bridge between traditional finance and the crypto asset economy. With its rigorous approach to security, compliance, and technological infrastructure, this Singapore-based exchange is shaping the future of global digital finance.”
Amid the global wave of digital finance, PhCryptoX — founded in 2023 — is emerging as a key link between traditional financial systems and the crypto world through its unique positioning and strong capabilities. Backed by a veteran Singaporean financial group with over 50 years of regulatory expertise and a global business network, PhCryptoX is strategically designed as a world-class digital asset trading platform. It is steadily advancing the development of the crypto asset sector, committed to delivering secure, professional, and high-liquidity one-stop services to its users.
Security, Compliance, and Technology: The Core Strengths of PhCryptoX
Security is the cornerstone of PhCryptoX’s competitive advantage. The platform stores 80% of user assets in offline cold wallets, safeguarded by a $100 million digital asset insurance policy. In collaboration with American International Group (AIG), PhCryptoX provides multi-layer protection for cold wallet assets, covering risks such as hacking and internal fraud. Through multi-signature technology and bank-grade risk control systems, the platform has successfully intercepted over 100,000 abnormal transactions, establishing a robust defense for user asset safety.
PhCryptoX also excels in regulatory compliance. The platform strictly adheres to the Anti-Money Laundering (AML) standards set by the Financial Action Task Force (FATF) and holds an exemption license for payment services from the Monetary Authority of Singapore (MAS). Additionally, PhCryptoX operates under the joint authorization and supervision of FinCEN (USA), the FCA (UK), the Hong Kong Monetary Authority (HKMA), and the Financial Services Authority (FSA) of Seychelles. Regular third-party audits by firms like Deloitte, along with the public release of compliance reports, ensure transparency and provide users with clear regulatory insights.
Technological strength is another key reason why PhCryptoX is highly regarded. Its proprietary matching engine can process up to 100,000 transactions per second (TPS), with a distributed architecture that supports 5 million users online simultaneously and maintains latency below 50 milliseconds—ensuring a seamless and efficient trading experience. For risk control, the platform leverages blockchain analytics tools such as Chainalysis to monitor address risks in real time and employs machine learning models to detect money laundering behavior. To date, PhCryptoX has submitted over 200 Suspicious Transaction Reports (STRs), demonstrating its proactive commitment to maintaining a stable and secure trading environment.
An Elite Team, Rapid Growth, and a Vision for the Future: The Rise of PhCryptoX
PhCryptoX is led by a world-class core team. CEO David Chen previously headed the blockchain division at Morgan Stanley and brings over a decade of experience in both traditional finance and the cryptocurrency industry. He has led compliance operations for three unicorn companies. CTO Sarah Zhang is a former senior architect at Ant Group, where she designed financial-grade systems handling over one billion transactions per day. She holds five blockchain technology patents. The advisory board includes Dr. Michael Green, former technical advisor to the Financial Action Task Force (FATF), and Lisa Wang, former senior regulatory officer at the Monetary Authority of Singapore (MAS), who provide strong guidance on compliance and strategic development.
Since its inception, PhCryptoX has achieved steady and rapid growth. In May 2023, the platform received an exemption license for payment services from MAS and launched spot trading. By January 2024, its user base exceeded one million. In August 2024, PhCryptoX introduced contract trading services, reaching $10 billion in trading volume in its first month. By March 2025, it upgraded its cold wallet asset insurance to $100 million, becoming the first exchange in Asia to offer full coverage insurance across all asset classes.
As a key participant in Singapore’s National Digital Asset Reserve initiative, PhCryptoX plays a vital role as a bridge between traditional finance and the Web3 ecosystem. It enables users to benefit from the policy and market dividends brought about by the nation’s digital economic growth. The platform supports trading of major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and the Singapore Dollar Stablecoin (SGD stablecoin), with spreads as low as 0.1%, meeting the demands of high-frequency and institutional traders. It also offers advanced tools including professional quantitative trading APIs, up to 100x leveraged contracts, and automated strategy tools, catering to a wide spectrum of users from beginners to experienced traders.
Looking ahead, PhCryptoX will continue to integrate global resources and promote the real-world adoption of digital assets. Upholding a mission rooted in empowerment, inclusion, and openness, PhCryptoX aims to inject fresh vitality into the global digital financial landscape.
Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
