EthosX
EthosX, formerly known as Ethos, is a fintech company specializing in decentralized finance platforms for financial derivatives on blockchains, aimed at eliminating intermediaries in global derivatives trading.
Company Overview
EthosX, formerly known as Ethos, is a fintech company that operates in multiple global locations including Claymont, DE, USA; Bengaluru, KA, India; Mumbai, MH, India; and also offers remote work options. Specializing in decentralized finance, EthosX provides a blockchain-based platform for trading financial derivatives without the need for intermediaries such as centralized exchanges or clearinghouses. This feature ensures that traders maintain control over their assets and trades via a fully automated and non-custodial system.
Services
EthosX offers a decentralized finance platform that facilitates end-to-end trading of financial derivatives on blockchains. Initially focused on cryptocurrency options, the company plans to expand into other types of crypto and traditional finance derivatives. The platform supports the direct trading of high-value vanilla and exotic derivatives, utilizing smart contracts for automated clearing and settlement. Additionally, EthosX provides derivatives infrastructure to other cryptocurrency companies, aiming to decrease the number of intermediaries in the global derivatives ecosystem.
Locations
EthosX operates out of Claymont, DE, USA; Bengaluru, KA, India; and Mumbai, MH, India. The company also supports remote working options, enabling employees to work from various regions including the United States, India, America / Canada, South Asia, and other fully remote environments.
Y-Combinator Involvement
EthosX was part of the Y-Combinator S22 batch, a prestigious startup accelerator program known for helping startups scale and succeed through expert guidance and networking opportunities. Being part of this program has provided EthosX with valuable insights to enhance its operations and strategic direction.
Future Plans
EthosX is currently finalizing its platform for public trading, inviting interested parties to join their mailing list for updates. The company aims to incorporate traditional finance derivatives alongside its existing cryptocurrency options, further diversifying the trading possibilities available to users. The overall goal is to streamline the derivatives trading process by eliminating the need for various intermediaries through its automated, decentralized blockchain infrastructure.
