PANews June 24 news, according to official news, the institutional-level on-chain commodity derivatives exchange Sphinx announced the completion of a $2 million Pre-seed round of financing, led by Eckhardt Capital, with participation from Big Brain Holdings, Blockchain Founders Fund, Blizzard, TRIVE Ventures, Cosmos Hub, London Real Ventures, GS Futures, and investors Andrew Durgee, Stefan Rust, Zachary Keats, etc.
According to reports, Sphinx is an institutional-level commodity derivatives exchange based on its own licensed Layer 1 blockchain. It provides around-the-clock direct access to futures, options, and perpetual contracts for oil, natural gas, and other energy commodities.