Derivatives Alternate GlobeDX Raises $18M in Seed Spherical Led by Blockchain VCs

Place/Date: London, England – April twenty eighth, 2021 at 4:49 pm UTC · 3 min learn
Contact: Kinsa Durst,
Supply: GlobeDX

GlobeDX (Globe By-product Alternate) 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 Monetary all participated within the spherical to assist the event of a best-in-class derivatives buying and selling platform.

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

As institutional demand for Bitcoin and different crypto belongings will increase, VCs are paying shut consideration to enterprising crypto initiatives which might be searching for to seize a slice of the profitable alternate market.

GlobeDX CEO James West mentioned:

“Constructed by trad-fi veterans, Globe has constructed the infrastructure to assist innovative monetary merchandise such because the VIX perpetual. This opens up new buying and selling methods a lot wanted within the trade, and we sit up for persevering with this development to construct world-class buying and selling group on our alternate.”

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

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

Franklin Bi of Pantera Capital mentioned:

“The GlobeDEX group has been constructing quietly and we expect now’s the right time for them to shine, with incumbents like BitMEX going through new challenges and defi catching the eye of subtle market gamers.”

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

About GlobeDX

GlobeDX is a crypto derivatives alternate pioneering an array of latest merchandise whereas delivering efficiency past any present crypto or conventional monetary alternate. 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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