Derivatives Exchange GlobeDX Raises $18M in Seed Round Led by Blockchain VCs

by blockchainnews

London, England, 28th April, 2021,

GlobeDX (Globe Derivative Exchange) has accomplished an $18 million funding spherical led by main blockchain buyers. Y Combinator, Pantera Capital, Draper Dragon, Republic Crypto, OKEx, CMT Digital, and Wave Financial all participated within the spherical to assist the event of a best-in-class derivatives buying and selling platform.

As a next-generation cryptocurrency change, GlobeDX prides itself on wonderful market depth, excessive leverage, and entry to the Crypto Volatility Index perpetual. Its workforce’s purpose is to make the cryptocurrency trade extra accessible to mainstream customers and to drive down the limitations to getting into the cryptoconomy.

As institutional demand for Bitcoin and different crypto property will increase, VCs are paying shut consideration to enterprising crypto tasks which are looking for to seize a slice of the profitable change market.

“Built by trad-fi veterans, Globe has built the infrastructure to support cutting edge financial products such as the VIX perpetual. This opens up new trading strategies much needed in the industry, and we look forward to continuing this trend to build world-class trading community on our exchange”, stated GlobeDX CEO James West.

GlobeDX has solid key partnerships with the likes of MXC and Hotbit to faucet into liquidity from a number of sources and assist world entry to perpetual futures with Bitcoin collateral.

Users of GlobeDX will be capable to commerce Bitcoin, Ethereum, and varied defi tokens at as much as 100x leverage. Careful consideration has been utilized to creating the change interesting to superior cryptocurrency customers whereas additionally offering a stable basis for novice merchants. 

“The GlobeDEX team has been building quietly and we think now’s the perfect time for them to shine, with incumbents like BitMEX facing new challenges and defi catching the attention of sophisticated market players,” stated Franklin Bi of Pantera Capital. 

GlobeDX’s native DGT token will serve a pivotal function within the platform’s improvement, offering discounted buying and selling charges. Users may also earn Globe Rewards boosts by staking GDT. These take the type of raffle tickets by which customers can win BTC. Finally, GDT might be utilized as margin for buying and selling pairs to amplify customers’ buying and selling outcomes.

About GlobeDX

GlobeDX is a crypto derivatives change pioneering an array of latest merchandise whereas delivering efficiency past any current crypto or conventional monetary change. Globe is backed by Y Combinator, Tim Draper, and Pantera Capital and just lately ran a bigger presale than Binance that attracted over 200 strategic companions to assist its purpose of constructing the way forward for digital asset markets. 

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  • Kinsa Durst

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