GlobeDX is a crypto derivatives exchange pioneering an array of new products while delivering performance beyond any existing crypto or traditional financial exchange. Globe is backed by Y Combinator, Tim Draper and Pantera Capital, and recently ran a larger presale than Binance that attracted over 200 strategic partners to support its goal of building the future of digital asset markets.
How does it compare to other exchanges?
All existing crypto derivatives exchanges suffer most from:
- A lack of innovation. Globe created and was the first venue to offer bitcoin VIX futures, and one of the first handful with DeFi perpetuals.
- Difficult to use and invasive.
- Deteriorating under even the smallest amount of pressure from the market, resulting in unfair outcomes for traders.
- Custody is unsafe, lacking proper institutional protections.
- Lack of serious API support.
Globe stands out from the rest of these exchanges. Its launch introduces new types of crypto future, brings under one roof fragmented existing perpetuals, can be signed up for in seconds, delivers and withstands orders of magnitude greater market stress than previous generation exchanges, offers insured cold storage, easy to use websocket API with sample clients, and has no internal trading desk.
Validation for demand and mainstream adoption
Globe has a vibrant and continuously growing community and receives support from some of the largest whales in crypto. These are entities that back this platform out of a desire to see better solutions to the derivatives exchange model.
Globe supports users from almost all the countries in the world, with the U.S. being an exception. It offers an incredibly quick and simple sign-up process. Being the only low latency derivatives exchange, this platform is the link that connects traditional finance to the world of digital assets. And it does so in a seamless fashion that benefits everyone.
US-investors may not trade here. The exclusion of US-investors is primarily due to regulatory reasons. The US-legal regime imposes obligations on many companies accepting funds from US-investors.
GlobeDX Trading fees
Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. We call makers for “makers” as their orders make the liquidity in a market. Takers are the ones who “take” this liquidity by matching makers’ orders with their own.
Perpetual futures are financial instruments that closely track the price of asset pairs (e.g. XBTUSD). On Globe, you can buy long, sell short and use up to 100x leverage on these instruments. Perpetuals never expire. Learn more.
Settlement: Every 8 Hours
According to the most extensive industry report ever prepared on contract trading average fees, the global average contracts trading taker fee and maker fee was 0.063% for takers and 0.018% for makers. Accordingly, GlobeDX is slightly above average when it comes to its taker fees but substantially below average with respect to maker fees. All in all, the fees here are attractive.
GlobeDX Withdrawal fees
When withdrawing BTC from the GlobeDX trading platform, you will have to pay 0.0002 BTC. This is 40% lower than the global industry average BTC withdrawal fee (0.0008 BTC) and thus also a very competitive withdrawal fee.
GlobeDX does not accept any deposits of fiat currency. This means that new investors (i.e., investors without any previous crypto holdings)
GlobeDX is a Exchange is founded by a skilled team and has decent backing by investors and some of the trading community time will tell if GlobeDX can deliver a great product we will update this review over the coming months.. Once we have had more time to use the platform this review was written before the june 2nd launch.