A REVIEW OF THE GLOBITEX CRYPTOCURRENCY EXCHANGE





Globitex is an institutional grade cryptocurrency exchange, with an objective of fostering the development of Bitcoin as a means of exchange appropriate for facilitating global trade. Globitex is planning to measure up their current bitcoin exchange to enable worldwide spot and derivatives exchange abilities, where Bitcoin is used as the underlying unit of account. Other financial instruments, such as money markets, repo, futures, swaps, and options, will also be included as the product offerings of Globitex. As Bitcoin liquidity rises, Globitex will then allow listing of commodities futures and options with Bitcoin pairings on an open order book basis. By scaling Globitex into a global spot and derivatives trading venue, it will allow investors to buy exchange-listed products for Bitcoin. Companies and risk-takers can minimize their risks in Bitcoin with derivative contracts.
Globitex is a platform that allows people to exchange and trade Bitcoin for a host of other derivatives. The exchange is ongoing and can be tested. It is top-notch and certified with a clean, fresh look to it and cannot be compared to many other cryptocurrency exchanges out there. This is not just any typical cryptocurrency exchange but an institutional-grade Bitcoin exchange. Currently, it has the Bitcoin cash /Euro and Bitcoin/Euro trading pairs, but there are bigger and better plans to add a whole range of other pairs in the future.
Your Globitex account gives access to the crypto exchange platform. This is where you can sell and buy bitcoins against Euro. The site may offer extra order-books for Bitcoin exchange into other currencies or the other way around. An order-book holds trading pairs holding the asset being traded and the currency in which trading is denominated.
You can place an order to sell or buy a certain amount of bitcoins at a price in euro or other fiat currencies available. The platform supports various order types. You can place a market order, limit order, stop-market order, or stop-limit order.
Below are the trading items they aim to add to the crypto exchange and when they estimate these will be added:-
Q1 2018 — Launch of other cryptocurrency trading pairs
Q2 2018 — Launch of additional fiat trading pairs (i.e. forex)
Q1 2019 — Bitcoin Settled Commodity Futures
Q2 2019 — Cryptocurrency futures, swaps and vanilla options
Q3 2019 — Bitcoin Priced Commodity Index
Q3 2019 — Bitcoin to physically deliverable precious metals
Q4 2019 — Bitcoin to physically deliverable other commodities
It will be undoubtedly a significant impact on Bitcoin if it will be tradable with physical products. It would mean a fundamental economic change regarding integrating Bitcoins and other cryptocurrencies into the conventional financial world.
Cryptocurrency exchanges that offer fiat access are much more challenging to operate than crypto-to-crypto exchanges due to regulation and compliance. Globitex can accept fiat deposit, which makes it unique amongst most other cryptocurrency exchanges. Globitex is looking to offer a lot more than just digital currency trading. Products including money markets, repo, futures, swaps, and options are tools that are used heavily by institutional investors. This is another way Globitex can differentiate against the competition.
– There is a burning mechanism for the token supply, so the token price can appreciate even if the value of the tokens as a whole does not increase.
Globitex will also have customized screens and graphs on their crypto exchange, just like you have for stock market platforms. They will also have a first-class API for investors and traders to quickly and effectively trade from all over the world. The Globitex cryptocurrency exchange is a great project and if delivered it would it be a remarkable success for Globitex and make a significant impact on the bitcoin’s growth.
The quality of a team is vital as to whether a project will be delivered successfully. Fortunately the Globitex team is top-notch and has the precise skills and expertise to make the Globitex cryptocurrency exchange rate successful. Some of the key members of the team are:
Liza Aizupiete, is the Managing Director. She executes roles in Asset Management with MTG Capital Group. She has previously worked in research and fund management with one of the leading Swiss microfinance institutions.
Jon Matonis, Chairman is the formerly Executive Director and a Founding Board Member for the Bitcoin Foundation; as well as the Managing Director for the Lydia Group; and worked as the CEO and Board Director of Network Inference, and before with Hush Communications.
ArvisErmins has previously worked for Deloitte &Touche Latvia and the Constitutional Court of Latvia. He was a founding partner of MTG group.
Mark O’Byrne is the research director of Gold Core which he established in 2003. He is a leading international gold professional and a famous speaker on precious metals, investments, markets, geopolitics, finance, and money.
The whole team consists of twelve members which you can see the list of team members together with their impressive skills on the Globitex website. It might not be the most significant team in any but it has the right capacity for the scale of this project.
Conclusion- Cryptocurrency exchange with a difference.
Trading bitcoins for actual physically deliverable commodities like gold, oil or silver would be incredible and would make a weighty impact on the taking on of Bitcoin into the wider economy in the world. They will also have a very wide-ranging pair tradable on the exchange, with everything from options to forex, futures and even crypto-to-crypto. Additionally, the Globitex bitcoin exchange is a high-quality, institutional grade platform with the kind of tools you expect from the primary stock market and FX platforms. That is in contrast to the majority of current crypto exchanges which tend to be quite weak in quality. The only shortcoming is that it will be quite a while until some of their major developments like the Bitcoin-to-commodities functionality will be available, but it is not unusual to see a long roadmap for an ambitious ICO like this. The key question is whether they can deliver the roadmap and I believe they have the right skills to be able to do so.
To be a part of GLOBITEX
Website : https://www.globitexico.com/
Whitepaper :https://www.globitexico.com/wp.pdf
Telegram : https://t.me/globitex
Facebook :https://www.facebook.com/globitex/
Twitter : https://twitter.com/globitex_

 About me ,
Bitcointalk name -  anja96
bitcointalk link -  https://bitcointalk.org/index.php?action=profile;u=1503069


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