The nascent digital assets market continues to evolve as new products and platforms continue to flood the landscape.
The Globe Crypto Derivative Exchange is set to be at the forefront of this rapidly evolving niche since it will offer a suite of innovative futures contracts and features, allowing both corporate and individual traders to trade short Bitcoin (BTC), Ether (ETH), and DeFi Tokens with more leverage via perpetual futures contracts.
Globe Crypto Derivatives Exchange
Globe Crypto Derivatives Exchange aims to become a pioneer by offering exciting new derivative products. Investors can take advantage of these innovative products to boost their funds’ performance beyond what they might achieve using other crypto or traditional financial exchanges.
The derivatives trading platform is set to offer new trading products such as VIX futures, which is designed to make futures trading easily accessible to both institutional and retail investors. With its offerings, investors can speculate on the price of an underlying asset without directly trading in them.
Contracts on the Globe platform are all perpetual futures contracts, which is a type of derivative. These contracts offer traders an easy way to hold leveraged positions without expiration dates while minimizing risk from the underlying asset.
Globe will initially support future products such as ETH/USD, XBT/USD, UNISWAP/USD and XBT/VIX. The platform is backed by Y Combinator, Tim Draper, and Pantera Capital, among others. The platform is set for launch sometime in May 2021 but a definite date has not yet been announced.
GDT Token To List On May 12 After The Ongoing Liquidity Bootstrap Pool
Globe will list its token on May 12 after the ongoing Liquidity Bootstrap Pool auction is finished. Called the Globe Derivative Token (GDT), it is the native utility token of the platform and can be used in a variety of transactions such as for payment of fees, fee discounts, trading margin, and in the platform’s rewards program.
Globe is currently auctioning 14 million $GDT, which is 3.5 percent of its total supply, in a Liquidity Bootstrap Pool by Balancer. The auction started on 12:00 UTC+0, May 10, 2021, and will end at 12:00 UTC+0, May 12, 2021. Click here for more details on the LBP. For the latest updates on the project, check out the Globe Exchange’s Medium page.
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Source: https://bitcoinerx.com/blockchain/globe-crypto-derivative-exchange-set-to-offer-new-derivatives-products-this-may/
