Globe Will Open a New Chapter in Crypto Derivatives Trading
— Krypital Group Completes Strategic Investment in Globe
April, 2021, Krypital Group officially announced the completion of its strategic investment in the derivatives exchange Globe (https://globedx.com/).
Why Investing In Globe?
As we all know, the trading of crypto derivatives has exploded since 2019, with futures such as BitMEX, FTX, Huobi, OKEx, and Binance all experiencing significant growth in trading volume. While many users have used these crypto exchanges in the past, some of the more professional and traditional institutional traders have started to move to more professional compliance platforms such as CME. Globe’s positioning is more like a bridge for traders between these two types of exchanges, targeting the middle ground between native cryptocurrency exchanges and traditional institutional exchanges like CME.
Globe connects traders and institutions around the globe. Built by two Y Combinator alumni who are professional traders and digital asset technicians, Globe provides high leverage perpetual contract transactions that support BTC, ETH, and other DeFi currencies. In addition, Globe also offers up to 100x leverage for free. As a result, this expands users’ trading power and allows them to control larger contract values with relatively little capital, giving them the opportunity to make a larger profit. Globe also allows users to go long or short on Bitcoin, Ether, DeFi tokens, and the exchange’s unique implied volatility futures (XBTVIX), among others.
Powerful Underpinnings
Globe has developed its own matching and risk engine called Thor, and it will be built into a zero-latency trading engine. Built by engineers from major financial services firms including JPMorgan Chase, Bank of America, Citibank, UBS, and Getco, Thor’s proprietary order matching and risk engines are comparable to NASDAQ in terms of latency and throughput. On the other hand, Globe is committed to providing institutional-level liquidity for derivatives trading, and has already attracted a number of specialized institutional liquidity providers in its first batch, offering them seamless integration and access to the rich resources of traditional futures exchanges such as CME Group, the New York Stock Exchange (NYSE), JSE Group, and others. Later, Globe will also serve professional quantitative investment funds, enabling them to complete transactions in traditional quantitative financial markets through high-quality products and services.
Globe has also carefully planned for the management and risk control of hot and cold wallets by storing all bitcoins in cold wallets with multiple signatures. These can be stored offline and cannot be stolen by hackers. Furthermore, this insures the assets in the cold wallets and strongly ensures the safety of users’ funds.
Product Innovation
In the derivatives trading track, the ability to innovate extremely well with financial products is also an important feature we see in Globe. Users really love Globe’s XBTVIX products, VIX is a fear gauge used to measure the market’s expected volatility implied by at-the-money option prices, similar to FTX’s MOVE. Globe has already started to expand its derivatives offering with a broader range of crypto index perpetuals, linear/alternative margin perpetuals, spot products, income farming products, options, basic futures, and other untapped innovations in the derivatives space. Globe will be releasing more information on new products, so stay tuned!
Hacker Growth
Globe’s platform coin, GDT, is a necessary element for Globe’s future. As a unique and powerful cryptocurrency derivatives exchange, it provides and creates a very attractive incentive system for traders to use Globe on a regular basis. First of all, GDT can be used as a discount on transaction fees, and the fee discount is based on the number of GDT tokens a user has. Secondly, users can also pledge GDT and get a boost in rewards as a result. This is a very unique system where the system will give you raffle tickets for completing certain tasks, offering you the chance to win Bitcoin once every two weeks. In addition, GDT will be available to use as a margin for trading pairs, allowing users to achieve greater success by amplifying their trading results.
Globe has also adopted a very fast registration process. This is an almost permit-free experience for decentralized exchanges that is extremely fast, allowing users to quickly apply for an account, deposit BTC into it, and then start trading immediately. This design completely satisfies the trader’s taste with minimal disruption to the trading process.
In addition, Globe’s frequent events provide a glimpse into Globe’s operational mindset. Over the past few months, several popular events such as NFT, graph decryption, and others have been completed, each attracting a large number of participants. Globe’s exchange page also has a very clear-cut invitation and reward mechanism for doing tasks. For star traders and KOLs with a community base, these rebate mechanisms and reward settings are very attractive options for traders to get more incentives.
Apart from Krypital Group, Globe has received investments from well-known institutions such as Y Combinator, Pantera Capital, Tim Draper’s crypto venture fund Draper Dragon, Wavemaker Partners, Pascal Capital, OKEX, Gate.io, BR Capital etc. With the sound of coinbase IPO bell, Globe is also the first crypto exchange since coinbase that YC and Draper have invested in. With such a strong institutional backing lineup, we believe that it will add even stronger support and momentum to Globe’s future development.
Derivatives such as futures are important financial instruments with functions such as hedging, speculation, and leverage. Krypital believes that Globe’s entry into the competition for crypto derivatives trading platforms will help optimize the overall allocation of resources in the market and form a more regulated and reasonable industry standard that will benefit the rights of all traders in the market. It can be said that Globe is a cross-generational, advanced solution launched at a time of critical market opportunities. With the gradual decline of BitMEX and the increasing participation of institutional investors in the crypto market, Globe’s platform offers a solution that provides a complete cryptocurrency derivatives and digital asset trading service for all.
At last, Good News! On 4/30, Globe will hold its IDO on Ignition, Superfarm, and DODO. And will do a Public Sale through Globe platform on May 3rd. Please refer to Globe’s official announcement and for details!
Token Sale Details
IDO Launchpad date: Friday, April 30th
* Paid Network: $2 million / $1 GDT
* Superfarm Holders $750k / $1 GDT
* DODO: $300k / $1 GDT
Public sale on Globe: Monday, May 3rd
* Globe: $2 million / auction
* Investment limits: 1k GDT per account
* Payment methods: BTC from their margin on Globe
About Globe
Website: https://globedx.com/
Twitter: https://twitter.com/globedx
Telegram: t.me/Globeofficial
About Krypital Group
Founded in 2017, Krypital Group is a leading global venture capital firm and blockchain incubator with active arms in North America, Asia and Latin America. Vested in a complete blockchain ecosystem, the company has specific investment funds for both primary and secondary markets, as well as providing end to end services such as project incubation, brand management and technical advisory. To date, Krypital Group’s investmentsand incubated projects are valued at over $1 billion.
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