Phemex, a new crypto derivatives trading platform has put up a picture puzzle with a 2.1 bitcoin price for whoever provides the solution. Led by Jack Tao, formerly of Morgan Stanley, Phemex aims to provide institutional-grade service options to the cryptocurrency derivatives market.

Crack this Puzzle and Win 2.1 Bitcoin
In a tweet published on Thursday (January 16, 2019), Phemex put up the picture puzzle with a 2.1 BTC ($18,900) prize attached. The image itself is the form of a portrait made up of what seems to be matrix barcodes.

2.1 #BTC are hidden in this picture, can you solve it?
If you can’t, RT tagging the smartest person you know: everyone in the RT chain that led the winner to the puzzle will receive a $100 trading bonus #Phemex2BTC #Bitcoin #Competition #Giveaway #Crypto #Blockchain #News pic.twitter.com/jIyTK2gwre
— Phemex (@Phemex_official) January 16, 2020

One of the clues for the private key for the bitcoin prize given in the picture puzzle involves the first 21-digit prime found in consecutive digits of the mathematical constant ‘e’ — Euler’s number.
Other likely clues in the puzzle are “ETH”, “XRP” and “Phemex” all scribbled inside the picture. Apart from the person who eventually solves the puzzle, Phemex is promising a $100 trading bonus to anyone in the ‘retweet chain’ that leads to the ‘cracker’ of the puzzle. As at press time, no final solution has emerged for the puzzle.
Crypto puzzles embedded in pictures and works of art are a norm in the cryptocurrency space. In January 2019, someone solved the bitcoin puzzle hidden in a Paris street mural created by Pascal Boyart.
In 2018, a couple cracked a then three-year-old Bitcoin puzzle, claiming the almost 5 BTC worth close to $50,000 at the time.
Phemex Joins Expanding Crypto Derivatives Trading Scene in Singapore
For Phemex, the crypto puzzle could introduce the company to the wider crypto audience as more interested participants continue to spread the word. The crypto derivatives platform launched its office in Singapore back in late 2019.
Phemex offers perpetual contracts with up to 100x leverage on trading pairs like BTC/USD, ETH/USD, and EOS/USD among others. According to its website, Phemex’s trading engine offers transaction speed of about 300,000 transactions per second.
By setting up in Singapore, Phemex joins a growing crypto derivatives trading scene in the country. As previously reported by Bitcoinist, ICE — parent company of Bakkt announced the rollout of cash-settled futures trading in Singapore.
Regulators in the country are also contributing to the expanding crypto derivatives trading scene in Singapore. In November 2019, the Monetary Authority of Singapore (MAS) announced plans to allow cryptocurrency derivatives trading on regulated exchange platforms.
Can you solve the Phemex bitcoin picture puzzle? Let us know in the comments below.

Images via Twitter @Phemex_official. The post appeared first on Bitcoinist.com.