The chairman of the exchange is Jon Matonis, Liza Aizupiete, managing director, and Arvis Ermis, director, and head of compliance at the exchange. Other team members are Maris Kaneps, director, and head of IT, Uldis Teraudkalns chairman of the supervisory board in addition to board members and other team members. This crypto exchange along with its token seems to be a well-rounded project having a lot of promise. With this crypto project and its ICO campaign, it will not be long when cryptocurrencies and tokenization will find real-world applications. Interestingly, Globitex has managed to legalize cryptocoins as a strong medium for making payments. This license, helps the platform manage multiple payment services within the EU.
Moreover, GBX tokens are periodically burned, and thus, removed from circulation. If you are an individual trader, then you will pay 0.01% and 0.02% for each incoming and outgoing payment you process, respectively, For overnight balances over €5,000, you will pay an annual fee of 0.5%. If you decide to make full use of the instant deposit and withdrawal feature offered by the Euro Wallet, then there are some additional fees that you need to consider. Each eligible user will be given a personal IBAN account, which ensures that both deposits and withdrawals can be transparently traced when transfers are made. The Globitex GBX tokens will be distributed to KYC approved contributors, who have registered at Globitex and have been approved at Advanced, Unlimited or Corporate account level. The Globitex GBX token will be offered for trading and revaluation on the secondary market on Globitex.
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In a bid to facilitate the use of Bitcoin as the medium of exchange, GBX plans to use existing Globitex infrastructure and scale up into an exchange with exchange capabilities. It wants to be a place for standardized instruments and where major commodities are listed with physical delivery. Also, the exchange plans to be placed where Bitcoin is used as the underlying currency. In summary, although the Globitex platform is still relatively new, and thus, many of the features it hopes to install are still a work-in-progress, there is much to like about the exchange. This is especially the case for professional traders that are looking for exposure to the crypto-to-fiat marketplace.
- The trading platform provides proper security with two-factor authentication, low deposit and withdrawal fees.The GBXT token is an Ethereum-based (ERC-20) cryptocurrency.
- In terms of withdrawal fees, there is a €0.30 fee when using SEPA, and €30 for non-SEPA transfers.
- With Globitex you can do it all from converting digital assets into fiat currency to sending fiat directly to another exchange for arbitrage as well as making fiat payments to your suppliers or employees.
Digital currency exchanges are increasing at an alarming rate all over the world. Globitex is a new company introducing the lasted digital currency exchange in the blockchain and the cryptocurrency world. The Globitex exchange is one exchange that will allow everyone to trade money and commodities for Bitcoin. With unrivaled API capabilities, the institutional grade Bitcoin exchange will derivate trading venues and scale into a global spot. The aim of the exchange is it allows producers to purchase enhance listed goods and trading firms and Bitcoin and help speculators to hedge their risks in Bitcoin. According to the project’s white paper, this exchange was developed by a team of traders who have the vision and experience of dealing with Bitcoins.
The aim of the token sale is to help the exchange accomplish its business development goals and enable the team to use the proceeds of the token to achieve further goals set forth. Globitex is an institutional grade cryptocurrency exchange, with unrivalled API capabilities for direct market access. The project has received venture capital funding with the aim of building an exchange that reflected the team’s vision of how an exchange should work in terms of connectivity, matching, settlement and reporting.
The table above shows the number of days which Globitex closed above a certain price level.
All About Globitex Token
Before launching this crypto project, the team had already worked in the landscape of asset management for many years. The GBX token will work on the Ethereum blockchain technology similar to NAGA, Worldcore, DreamTeam, ILCOIN, BitAir, Synapse, Indicoin. The main purpose of these tokens and its respective platform will be to pay trading fees and incentivize liquidity providers and market makers. By Q4 of the same year, the exchange announced its public ICO and launched the Bitcoin Cash trading, deposits, and withdrawals. Globitex plans to open Public launch of Globitex services in the first quarter of 2018 followed by the token sale and launch of additional cryptocurrency trading pairs.
The bonus structure will correlate with the growth and success of the company. All trading is currently free of charge, and typical exchange fee is 0.2% per trade. When Globitex enables trading fees, it is expected to be in line with typical exchange fee levels as per market maker/taker model. Invemo is an asset manager, broker, and liquidity provider in the digital asset market that targets professional and institutional clients. In order to meet the demand of professional and institutional investors, it has developed a low risk fixed…
The Euro Wallet is also beneficial for those involved in a crypto-related business venture. For example, the likes of crypto startups or miners – who often deal with significant quantities of cryptocurrency at any given time, will often find it difficult transferring operating reserves into fiat money. By instead using the Euro Wallet, much of these regulatory barriers are reduced.
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If you’re an everyday trader using the liquidity already available on the platform, then you are classed as a market taker. If you’re considering opening an account with Globitex, or you simply want to find out more about how the platform works, be sure to read our comprehensive review. We’ve covered all of the fine points, such as how the exchange works, what you can trade, what fees you need to consider, account security, and more.
The aim of this listing is to simplify and make more accessible the Globitex token GBX for customers who wish to purchase it for covering our service fees with substantial discounts. If the Globitex crypto exchange has been successfully established, the market of Bitcoins will evolve at a fast pace. If these developments happen as scheduled, Bitcoin is sure to emerge among the most liquid cryptocoins of all time. Here we will analyze the ICO tokens of Globitex and how they will revolutionize the cryptocurrency world, especially Bitcoins. Now, you may think that the market of crypto exchanges is already quite saturated, so what makes Globitex so special?
It is also worth noting that the Euro Wallet allows traders to use the Euro Wallet as a means to transfer funds from an external exchange. While this would typically take 1-2 working days, the Euro Wallet permits virtually instant transfers. This token shall be provided as an EIP-20, (earlier referred to as ERC-20) conforming Ethereum smart contract.
Other Cryptos like GBXT
In a nutshell, the Euro Wallet allows users to deposit and withdraw Euros in a super convenient manner. Moreover, the trading platform includes a number of chart analysis tools for the more advanced trader, and charts have been incorporated from the hugely popular Tradingview platform. OrbitGTM Review These days, people are scrambling to find good brokers like the OrbitGTM trading platform to jump into the financial market… Use the calculator to convert real-time prices between all available cryptocurrencies and fiat.
Globitex team is building next generation financial infrastructure for the digital asset world. With Globitex you can do it all from converting digital assets into fiat currency to sending fiat directly to another exchange for arbitrage as well as making fiat payments to your suppliers or employees. On top of that, all of these functions are available for integration into your business flow via API, making this the ultimate infrastructure for your digital asset business. The Globitex platform will use the GBX token and the token sale to scale the already existing Globitex exchange infrastructure. With necessary industrial trading level, the exchange has the needed capacity to accommodate commodities listing and money markets.
Cryptocurrencies have a key strength—their borderless and decentralized nature. Globitex has maximized this specific feature by developing an exchange for all the commodities that are based on Bitcoins and other cryptocoins. In fact, the chief goal for this crypto exchange is to let traders and investors trade Bitcoins for any real-world commodities—anything What is Globitex Token including corn, oil, silver, and gold. Just imagine how amazing and convenient it would be if you are allowed to swap your BTC coins for actual gold. You will need to pay a €500 account opening fee, plus a €100 monthly maintenance fee. For incoming and outgoing payments, the fees stand at 0.02% and 0.05%, respectively.
In terms of getting funds into a Globitex trading account via the wallet, both deposits and withdrawals can be executed instantly. The technology itself is backed and operated by Globitex subsidiary Nexpay UAB – which is a fully licensed EU financial entity. One of the stand-out features of the Globitex exchange platform is its Euro Wallet.
Founded in 2015, Globitex is a third-party cryptocurrency exchange that is backed by institutional-grade technology. While the platform is perfectly suitable for everyday retail clients, the overarching target market is professional traders that need to take things to the next level. The objective https://cryptolisting.org/ of Globitex is to enable Bitcoin cost stability by facilitating its use as a commodities direct currency of settlement, money markets as well as other financial tools. In the end, this would enable traders to set costs for products in Bitcoin, utilizing it as a currency for reference.
Mainly, the GBX contract shall be utilized for trades settlement on the Globitex exchange, working as a commission payment token. The GBX Token shall also work within loyalty programs intended for Globitex contributors and clients, where contributors shall be taking part in the general success of the firm. Globitex presents a Bitcoin exchange with unmatched API capabilities for direct access to the market.