PANews reported on June 24 that according to official news, Sphinx, an institutional-level on-chain commodity derivatives exchange, announced the completion of a US$2 million Pre-seed round of financing, led byPANews reported on June 24 that according to official news, Sphinx, an institutional-level on-chain commodity derivatives exchange, announced the completion of a US$2 million Pre-seed round of financing, led by
On-chain commodity derivatives exchange Sphinx completes $2 million pre-seed round of financing
1 min read
PANews reported on June 24 that according to official news, Sphinx, an institutional-level on-chain commodity derivatives exchange, announced the completion of a US$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, as well as Andrew Durgee, Stefan Rust, Zachary Keats and others.
According to reports, Sphinx is an institutional-grade commodity derivatives exchange based on its own permissioned Layer1 blockchain. It provides 24/7 direct access to futures, options, and perpetual contracts for oil, natural gas, and other energy commodities.
Market Opportunity
SEED Price(SEED)
$0.0004768
$0.0004768$0.0004768
USD
SEED (SEED) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Knocking Bitcoin's lack of yield shows your ‘Western financial privilege’
Macro analyst Luke Gromen’s comments come amid an ongoing debate over whether Bitcoin or Ether is the more attractive long-term option for traditional investors. Macro analyst Luke Gromen says the fact that Bitcoin doesn’t natively earn yield isn’t a weakness; it’s what makes it a safer store of value.“If you’re earning a yield, you are taking a risk,” Gromen told Natalie Brunell on the Coin Stories podcast on Wednesday, responding to a question about critics who dismiss Bitcoin (BTC) because they prefer yield-earning assets.“Anyone who says that is showing their Western financial privilege,” he added.Read more
Share
Coinstats2025/09/18 14:22
Vitalik Buterin Challenges Ethereum’s Layer 2 Paradigm
Vitalik Buterin challenges the role of layer 2 solutions in Ethereum's ecosystem. Layer 2's slow progress and Ethereum’s L1 scaling impact future strategies.
Share
Coinstats2026/02/04 04:08
USAA Names Dan Griffiths Chief Information Officer to Drive Secure, Simplified Digital Member Experiences
SAN ANTONIO–(BUSINESS WIRE)–USAA today announced the appointment of Dan Griffiths as Chief Information Officer, effective February 5, 2026. A proven financial‑services
Share
AI Journal2026/02/04 04:15