Powering the Future of Trading with cutting-edge financial exchange technology

Sphinx is a decentralized, institutional-grade exchange system supporting the trading of commodities, securities, and derivatives.

Sphinx GCX is a regulated institutional exchange built on the Sphinx Blockchain. It specializes in trading energy derivatives, including expiring futures and perpetual swaps on oil, natural gas, and electricity.

Sphinx aims to democratize access to high-performance trading infrastructure by providing a compliant, efficient, and institutional-grade platform for digital assets and derivatives. Our blockchain technology is engineered to support institutional traders within a decentralized framework.

Sphinx utilizes a derivation of the CometBFT consensus engine, optimized with parallel transaction execution and an optimistic scheduler.

Coprocessors are secondary execution environments for use cases requiring dedicated computing resources, facilitating off-chain transaction execution and state synchronization.

Sphinx employs a delegated proof-of-stake (DPoS) mechanism, where validators and delegators stake assets to secure the network.

Exchanges can integrate with Sphinx using open-source protocols and well-documented APIs, including the widely adopted FIX (Financial Information Exchange) API standard.

Yes, Sphinx provides smart contract execution environments compatible with both EVM and CosmWasm, allowing for native interoperability.

Sphinx operates under a stakeholder-driven governance model, where stakers vote on network upgrades, parameter changes, and proposals submitted by the community.

Validators and delegators engage in staking to secure the Sphinx network, ensuring its security, stability, and performance.

Sphinx plans to open Sphinx Global Commoditeis Exchange (GCX) an energy derivatives exchange as a feature application leveraging its infrastructure.

Developers can contribute by building and deploying their own modules to the Sphinx kernel, particularly within the Coprocessor framework.

For the latest updates, visit the official Sphinx documentation and join the community channels as they become available.

Expiring Futures and Perpetual Swaps on Oil, Natural Gas and Electricity.

Sphinx GCX operates a Continuous Limit Order Book (CLOB) optimized for high-speed matching and execution with off-chain processing and on-chain settlement.

• Maker rebates to encourage liquidity provision.
• Volume-based incentives for high-frequency traders and institutions.

We are committed to full regulatory compliance and have integrated trade surveillance, AML/KYC, and risk monitoring tools directly into our trading infrastructure. Unlike many unregulated exchanges, Sphinx is designed to meet institutional compliance standards from day one. Sphinx is in the process of obtaining regulatory approvals from:


• The UK Financial Conduct Authority (FCA)
• The Bermuda Monetary Authority (BMA)

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Sphinx GCX aligns with global financial regulations, including:

• Automated AML/KYC verification
• On-chain auditability for regulatory transparency
• Pre-trade and post-trade risk management to prevent market abuse

Sphinx GCX integrates automated pre-trade risk checks, position monitoring, and dynamic liquidation mechanisms to ensure market stability.

Sphinx operates on a fully collateralized trading model, eliminating counterparty default risk. Additionally, real-time risk monitoring and liquidation mechanisms ensure market stability.

• On-chain settlement with off-chain execution
• Finality within seconds due to optimized infrastructure
• No counterparty risk as all positions are fully collateralized

Sphinx GCX operates on an Atomic settlement cycle, ensuring that trades are finalized on-chain instantly, eliminating credit risk.