Amid the global wave of digital finance, PhCryptoX—founded in Singapore in 2023—is emerging as a key link between traditional finance and the crypto world with its unique positioning and strong capabilities. As a global digital asset trading platform strategically developed by a long-established Singaporean financial group, PhCryptoX leverages the group’s 50 years of regulatory expertise and worldwide business network to steadily advance in the crypto asset space. The platform is committed to offering users a secure, professional, and high-liquidity one-stop service.
Security is PhCryptoX’s core competitive advantage. The platform stores 80% of user assets in offline cold wallets, protected by a USD 100 million digital asset insurance policy. Its partnership with AIG provides multiple layers of protection for cold wallet assets, covering a wide range of risks such as hacking and internal fraud. Through the application of multi-signature technology and bank-grade risk control systems, the platform has intercepted over 100,000 abnormal transactions, establishing a robust defense for user fund security.
PhCryptoX also stands out in regulatory compliance. It adheres to the FATF anti-money laundering standards and holds a Payment Services exemption granted by Singapore’s MAS. At the same time, it operates under the joint authorization and supervision of multiple international financial regulators, including the U.S. FinCEN, the UK FCA, Hong Kong’s HKMA, and the Seychelles FSA. Regular third-party audits by firms like Deloitte and the public release of compliance reports provide users with clear and transparent insights into its regulatory status.
Technological strength is another key reason behind PhCryptoX’s popularity among users. Its self-developed matching engine can process up to 100,000 transactions per second (TPS), and its distributed architecture supports five million users online simultaneously with latency under 50 milliseconds, delivering a smooth and efficient trading experience. In terms of risk control, the platform uses blockchain analysis tools such as Chainalysis to monitor address risks in real time and applies machine learning models to detect money laundering patterns. It has submitted over 200 Suspicious Transaction Reports (STRs), actively contributing to the stability and security of the trading environment.
PhCryptoX boasts a stellar core team. CEO David Chen, formerly the head of the blockchain division at Morgan Stanley, has over 10 years of experience in both traditional finance and the cryptocurrency industry. He has led the compliance processes for three unicorn companies. CTO Sarah Zhang was a senior architect at Ant Group, where she led the design of financial-grade systems handling over one billion transactions per day. She holds five blockchain technology patents. The advisory team includes Dr. Michael Green, a former technical advisor to the FATF, and Lisa Wang, a former senior regulatory officer at Singapore’s MAS, both of whom provide strong support for the platform’s compliance and development.
Since its inception, PhCryptoX has achieved steady and rapid growth. In May 2023, it received a Payment Services exemption from Singapore’s MAS and launched its spot trading function. By January 2024, the number of users surpassed one million. In August 2024, it launched its contract trading service, reaching a trading volume of USD 10 billion in the first month. In March 2025, the platform upgraded its cold wallet asset insurance to USD 100 million, becoming the first exchange in Asia to offer full insurance coverage across all asset types.
As a key participant in Singapore’s “National Digital Asset Reserve Program,” PhCryptoX serves as a vital bridge between traditional finance and the Web3 ecosystem, allowing users to benefit from the policy and market dividends brought by the country’s digital economic growth. The platform supports trading of mainstream cryptocurrencies such as BTC and ETH, as well as the SGD stablecoin, with spreads as low as 0.1%, meeting the needs of high-frequency and institutional traders. It also offers professional quantitative trading APIs, 100x leverage contracts, and automated strategy tools, catering to users at all levels—from beginners to advanced traders.
Looking ahead, PhCryptoX will continue to integrate resources and promote the real-world application of digital assets, fulfilling its mission of enabling inclusive and accessible digital economic freedom, and injecting new vitality into the development of global digital finance.
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.
