Sphinx represents a revolutionary approach to trading commodities, offering an exchange and application-specific blockchain that seamlessly integrates the requirements of both the physical and derivatives markets within a unified platform. Our overarching mission is to disrupt the trading landscape by unlocking substantial improvements in capital efficiency while addressing critical shortcomings prevalent across existing exchanges. Within traditional trading venues, numerous challenges plague market participants, hindering optimal trading experiences and impeding market growth.
One of the primary issues stems from the use of inefficient instruments; which often lack the flexibility and customization necessary to meet the diverse needs of traders and investors. Perpetual Swaps offer an unique opportunity for physical commodity traders to hedge their risk more efficiently. The requirement to do so stems from the fact that physical commodity traders usually lock in their price at the moment of delivery. Currently dated futures do not give traders the flexibility to do as they have to trade along the futures curve instead of getting access to a direct spot price.
