Sphinx is transforming commodities trading by leveraging blockchain for faster, more efficient, and secure transactions.
With a $50 billion market in play, our $100,000 investment positions the Cosmos Hub to capitalize on significant growth opportunities in the commodities sector. Backed by key players like Blockchain Founders Fund, Sphinx exemplifies the Hub’s ongoing commitment to fostering innovation within the Cosmos ecosystem.
Sphinx offers a blockchain-based solution that introduces a streamlined, high-throughput system for trading energy derivatives, allowing for 24/7 market access. By doing so, it opens the doors to a more inclusive and efficient marketplace for all.
Its infrastructure is being built to scale and process thousands of transactions per second with near-instant finality. Moreover, Sphinx is actively pursuing licenses through regulatory bodies like the FCA and BMA, positioning itself as the first fully regulated on-chain commodities exchange.
Since its start, Sphinx has already achieved significant milestones, including:
- 15k+ testnet signups and a growing community of 45k members.
- Secured partnerships with trading firms managing over $30 billion in assets.
This investment is a testament to Cosmos Hub’s commitment to fostering innovation and creating a decentralized financial ecosystem with tangible benefits. By addressing inefficiencies in a critical global industry, Sphinx exemplifies the transformative potential of blockchain.
With Sphinx’s cutting-edge technology and Cosmos Hub’s support, the future of commodities trading is set to be faster, fairer, and more inclusive.
