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Globitex Launch Token Sale for Spot and Derivatives Exchange in Bitcoin

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Globitex Launch Token Sale for Spot and Derivatives Exchange in Bitcoin

Post by Vladdirescu on Thu Oct 12, 2017 3:37 am

The project, which is co-founded by former Executive Director and Founding Board Member of the Bitcoin Foundation Jon Matonis, aims to scale Bitcoin economically in order to become a truly useful currency of global trade and settlement.

Institutional Bitcoin exchange Globitex, which is currently in limited beta, is holding a token sale to scale up operations with the aim of making Bitcoin a truly global currency. The exchange already offers institutional level FIX API for direct market access for algorithmic traders, paving the way for the virtual currency to become a universal medium of exchange across the full breadth of the international financial and commodity markets.

Bitcoin’s biggest problem: liquidity

Whilst the Bitcoin protocol has been undergoing concrete steps for Bitcoin’s technical scaling, Globitex’s founders recognise the chief issue holding back its wider use is liquidity. Bitcoin is still relatively thinly traded, with low volumes by conventional market standards. Despite being the ideal currency for international settlement across the spectrum of the financial and commodities markets, it cannot serve this purpose without a step-change in market depth and trading volumes.

https://coinidol.com/globitex-launch-token-sale/


Vladdirescu

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Re: Globitex Launch Token Sale for Spot and Derivatives Exchange in Bitcoin

Post by Vladdirescu on Wed Oct 18, 2017 1:07 am

Globitex: Commission-free Bitcoin Cash trading and token sale

The institutional-grade Bitcoin exchange, co-founded by an early Bitcoin adopter Jon Matonis, has announced their token sale project to facilitate a step-change in trading volumes and liquidity.

Globitex, a Bitcoin exchange with advanced API functionality, is scaling to accelerate Bitcoin development into a truly global currency, and will accept Bitcoin (XBT), Ethereum (ETH) and Bitcoin Cash (BCH) for its forthcoming token sale.

Free trade for BCH and XBT

Following the hardfork of the Bitcoin Blockchain at 12:20:00 UTC on 1 August 2017, a new Bitcoin-based Blockchain known as Bitcoin Cash (BCH) was created. Balances on the existing Bitcoin (XBT) Blockchain were duplicated on the BCH chain. In the following weeks, Bitcoin Cash has gained significant miner support and user interest, and is therefore also being supported by cryptocurrency exchanges.

https://coinidol.com/globitex-commission-free-bitcoin-cash-trading/


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