On-chain derivatives trading platform Sphinx completes $2 million Pre-Seed round financing, led by Eckhardt Capital

ChainCatcher news, according to official sources, the on-chain derivatives trading platform Sphinx has 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, as well as Andrew Durgee, Stefan Rust, Zachary Keats, and others.

Sphinx is building an energy commodity derivatives exchange based on its self-developed permissioned Layer 1, supporting futures and perpetual contracts for markets such as oil and gas. The funds will be used for the mainnet launch and institutional partnership expansion.