On-chain derivatives exchange Sphinx announces completion of a $2.00 million Pre-Seed funding round.

On June 24th, according to official sources, Sphinx announced the completion of a $2.00 million Pre-Seed round of financing, led by Eckhardt Capital, with participation from Big Brain, Blizzard Fund, Cosmos Hub, 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 mainnet launch and institutional partnership expansion. [深潮 TechFlow]