The post Truflation Partners with Sphinx to Enhance Commodities Trading appeared on BitcoinEthereumNews.com.

Truflation, known for its cutting-edge real-world asset (RWA) indices, has entered into a strategic partnership with Sphinx. Sphinx is a leading derivatives trading platform. The collaboration aims to bring added value to both platforms by combining Sphinx’s blockchain-based commodities trading infrastructure with Truflation’s real-time inflation data. Real-Time Inflation Data Powers New Derivatives Trading for Lithium, Silicon, and EV Commodities This partnership is especially relevant to the increasing needs in commodities. These include lithium, silicon, and renewable energy credits. These commodities are very important in industries such as Electric Vehicles (EVs) and renewable energy. In this partnership, users will be able to access trading in futures, options, and perpetual swaps with the help of Truflation’s real-time inflation rates. This is particularly true as Truflation remains dedicated to delivering accurate and clear indices like the Truflation EV Index. The EV Index covers the most important commodities connected with the electric vehicle market, providing essential information about production and supply chain as well as the change in the price of the components. Stefan Rust, CEO of Truflation, said that this partnership will provide speculators and hedgers with new opportunities to deal with attractive assets, especially in the energy industry. Rust also showcased how Truflation’s data indices will assist the future growth of the energy industry. Sphinx CEO Hails Truflation Partnership for Expanding Asset Range Greg Perrin, CEO of Sphinx, also expressed his appreciation for the partnership as it would enable Sphinx to expand the range of assets for its derivatives trading with popular assets at the company’s fingertips. The integration of real-time data of Truflation and trading infrastructure of Sphinx is assumed to unlock new opportunities in the trading space. In line with the announcement, both companies will host an AMA session on X (formerly Twitter) on October 9th at 17:30 CET to…

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Filed under: News - @ October 4, 2024 5:20 pm