Unable to load chart data.
Click here to try again
What is Globitex
Globitex is an institutional grade Bitcoin exchange, with a fully functional FIX API connectivity, offering direct market access for algorithmic traders.
Having built the exchange to meet sophisticated institutional client needs, we now operate Globitex from the starting point of allowing the exchange of the Bitcoin and Euro trading pair on a secure and well-established platform. Building Globitex with a view to the future, however, requires tackling one of the major issues that Bitcoin faces: liquidity, or the current lack thereof.
Therefore, one of the first goals for Globitex is to launch other major currency pairs; to expand the Bitcoin-FX order books, thus covering instant trading, deposits, and withdrawals in major currencies around the globe. The next step is to develop cryptocurrency money markets, where eligible market participants are able to lend out their assets at specific maturities by setting market-based interest rates. The development of a money market in Bitcoin will be the major catalyst in increasing liquidity and equalising supply and demand for Bitcoin in the spot market, as well as for various time future time frames, potentially transforming it into the most liquid currency.
As Bitcoin liquidity increases, and as large money orders can be easily accommodated, Globitex will then enable standardised listing of various commodities futures and options on an open order book basis. The derivative contracts will be physically deliverable and exchanged in Bitcoin as the underlying currency. For example, the counterparties in a derivatives contract could exchange physical commodities (crude oil, jet fuel, gold, silver, copper, corn, etc.) for a fixed amount of bitcoins at the maturity of the contract, or opt out of the physical delivery and settle in bitcoin instead.
Scaling Globitex into a global spot and derivatives trading venue will allow producers to purchase exchange listed products for Bitcoin. Trading firms and speculators will also be able to hedge their risks in Bitcoin with derivatives contracts. Thus, scaling the Globitex exchange will benefit Bitcoin and foster its development as a medium of exchange that is suitable for facilitating global trade, overcoming geographic, political or monetary restrictions.
Director and Head of Compliance
Director and Head of It
Chairman of the Supervisory Board
Bullion Dealer and Gold Market Analyst
Risk Analytics and Financial Modelling Expert
IT Security Expert
Token Sales Strategist
| Claim admin rights for this project |
Globitex NEWSTweets by BitTorrent
How To get a verified Project status
To pass the verification you need to place a our logo on the main page of your website and make an announcement of the listing in your social network accounts. Send us the email in reply with confirmation of the link placement.