#USA #Abu Dhabi #Crypto Security #Phemex #LONGITUDE

Phemex Innovates Crypto Security at LONGITUDE Event

Phemex, a user-centric cryptocurrency exchange, celebrated its 6th anniversary with a significant event known as LONGITUDE, co-hosted with Cointelegraph on December 11 at the prestigious Rosewood Hotel in Abu Dhabi. This year marked the 7th edition of LONGITUDE, held in conjunction with Abu Dhabi Finance Week, uniting influential figures from the Web3 space and institutional innovators to discuss the future of cryptocurrency security.

Highlights of the Event

The event featured a lineup of prominent speakers, including Anthony Scaramucci from SkyBridge and Kristin Smith of the Solana Policy Institute, who took part in a panel discussion titled "Solana SZN" which analyzed current market trends. Eli Ben-Sasson from StarkWare contributed to a unique fireside chat, focusing on the critical role of privacy in the blockchain world.

One of the event's key moments was the panel discussion named "Crypto's Security Dilemma." Phemex CEO Federico Variola, joined by Ian Rogers from Ledger and Dmytro Budorin of Hacken, deliberated on pressing challenges in the cryptocurrency defense sector. During this discussion, Federico stressed that the traditional reactive security models are outdated against the backdrop of modern AI threats. He argued for a transition to a predictive security architecture, highlighting how Phemex employs AI to analyze user behavior and prevent threats before they arise.

Phemex's Innovative Approach

Furthermore, Federico utilized this platform to unveil Phemex's strategic roadmap which includes the development of a new account abstraction wallet. This wallet aims to bridge the gap between Web2 and Web3.

"We are not just reinforcing our infrastructure with predictive AI; we're fundamentally evolving the platform," stated Federico. "We're building a comprehensive ecosystem that combines a centralized exchange (CEX), decentralized exchange (DEX), and a self-custody wallet, with security as the anchor enabling users to transition seamlessly between various custody models."

As Phemex embarks on its seventh year, the event underscored its commitment to adopting a new approach to user protection. By fostering high-level dialogues and partnerships among decision-makers, Phemex continues to lead the charge in creating a transparent, secure, and unified future for digital assets.

Background on Phemex

Founded in 2019, Phemex has established itself as a user-oriented cryptocurrency exchange trusted by over 10 million traders globally. The platform offers spot and derivatives trading, copy trading, and asset management products designed with a focus on user-friendliness, transparency, and innovation. With a forward-thinking approach aimed at empowering its users, Phemex provides reliable tools, easy access to markets, and ever-evolving opportunities for traders of all experience levels to grow and succeed.

For more information, visit Phemex's website.