$ 0.006 6.61%
Globitex Token (GBXT) Rank 4082
| Mkt.Cap | $ 0.00000000 | Volume 24H | 0.00000000GBXT |
| Market share | 0% | Total Supply | 171.31 MGBXT |
| Proof type | N/A | Open | $ 0.0057 |
| Low | $ 0.0056 | High | $ 0.0061 |
Globitex Exchange Reviews, Live Markets, Guides, Bitcoin charts
For incoming and outgoing payments, the fees stand at 0.02% and 0.05%, respectively. In terms of withdrawal fees, there is a €0.30 fee when using SEPA, and €30 for non-SEPA transfers.
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. It will allow producers to buy or sell exchange-listed products for cryptocurrencies, and trading firms and speculators to hedge their risks with derivatives trading. This will therefore increase the use cases for cryptocurrencies, such as Bitcoin, as a medium of exchange and ultimately establish these as units of account suitable for global trade, with no geographic, political or monetary restrictions.
What Does the Future Hold for Globitex?
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. One of the stand-out features of the Globitex exchange platform is its Euro Wallet.
As per the platform’s roadmap, Globitex aims to continue adding new trading pairs to its portfolio. In terms of the platform’s regulatory status, NexPay UAB – which is a subsidiary of Globitex, is in full receipt of an Authorised Electronic Money Institution (EMI) license, issued by the Central Bank of Lithuania. In terms of the fundamentals, the token supply is capped at just over 171.3 million, with 65% of this figure being held by the Globitex community. Moreover, GBX tokens are periodically burned, and thus, removed from circulation.
The platform also hopes to add additional currencies further down the line. As the company grows, Globitex will be listing more instruments for trading that will need to be promoted. Therefore, to incentivise the liquidity and market making activities, an additional 10% bonus (liquidity and market making) budget will be allocated on a regular basis. This means that the trade settlement instrument — the GBX token will appreciate in value depending on the company success.
Never before has it been so convenient and cost-effective to deposit and withdraw fiat currency into and out of a cryptocurrency exchange. In terms of what you can trade, the Globitex platform offers a number of crypto-to-fiat pairs. This includes Bitcoin, Ethereum, Bitcoin Cash and Stasis – all of which can be traded against the Euro.
The GBX Token will also function within loyalty programs planned for Globitex clients and contributors, whereby the contributors will be participating in the company's overall success. The GBX Token can be acquired during the Globitex token sale () using Ether (ETH), Bitcoin (XBT) and Bitcoin Cash (BCH). The GBX token sale will be conducted in stages, each representing the team’s commitment to deliver specific business milestones. If the fees are settled in GBX tokens, a discount of 50% of the total value of the fees will be awarded. The value of the GBX token for trading fee settlement on the Globitex platform will be no less than EUR 0.10.
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 primarily serves as a trade settlement instrument. All registered clients of the Globitex exchange will be able to redeem the Globitex GBX tokens as payment for commission.
Redeemed GBX Tokens are burned and therefore permanently removed from circulation. View Globitex Token (GBXT) price history chart, statistics and other information. Tracking of cryptocurrency markets has become even more convenient with our application. Moreover, the platform also offers IP address whitelisting, and ongoing security-related email notifications.
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. Today, you can trade bitcoin core and bitcoin cash against euros on the Globitex exchange.
Globitex GBX — Utility Token
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. Globitex will introduce a cryptocurrency exchange allowing everyone to trade commodities and money market instruments for cryptocurrencies.
The Euro Wallet
- It will allow producers to purchase exchange listed products for Bitcoin, and trading firms and speculators to hedge their risks in Bitcoin with derivatives trading.
- As the company grows, Globitex will be listing more instruments for trading that will need to be promoted.
- The existing institutional grade cryptocurrency exchange, with unrivalled API capabilities will scale into a global spot and derivatives trading venue.
- In terms of the fundamentals, the token supply is capped at just over 171.3 million, with 65% of this figure being held by the Globitex community.
- The existing institutional grade Bitcoin exchange, with unrivalled API capabilities will scale into a global spot and derivatives trading venue.
Globitex is an institutional grade Bitcoin exchange, with API capabilities for direct market access. As a relatively new exchange platform, Globitex has a number of plans lined up for 2019 and beyond.
From the perspective of everyday retail traders, the Globitex Euro Wallet alleviates some of the ongoing struggles of linking a primary checking/current account with a cryptocurrency-related business. Founded in 2015, Globitex is a third-party cryptocurrency exchange that is backed by institutional-grade technology.
The technology itself is backed and operated by Globitex subsidiary Nexpay UAB – which is a fully licensed EU financial entity. The Globitex GBX token will have an imputed value allocated for liquidity purposes.
Globitex digital currency exchange to become global trading venue – Bankless Times
Moreover, the platform also offers Bitcoin and Ethereum pairs against its own native token – the Globitex Token (GBX). Globitex is an institutional grade cryptocurrency exchange, with unrivalled API capabilities for direct market access.
The existing institutional grade cryptocurrency exchange, with unrivalled API capabilities will scale into a global spot and derivatives trading venue. The purpose of Globitex is to advance the overall Bitcoin industry by scaling existing Globitex exchange infrastructure to the necessary industrial trading level, with a capacity to accommodate standardised money markets and commodities listings.
The team aims to create a professional Bitcoin marketplace to fill the need for institutional grade exchange platform with advanced IT solutions. When settling trading fees in GBX, the payment of fees will be automatically paid in the currency used to buy or sell the other currency / token, i.e. the buying/selling currency. TrackICO does not encourage investing in any ICOs published on the platform.
Buy, sell & trade crypto on the world’s No.1 crypto exchange preferred by 10M+ users from 180+ countries. The primary purpose of the GBX token is to serve as a means of settlement of trades on the Globitex exchange, serving as a commission settling token, as well as used within loyalty programs.
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. Join Globitex, the ultimate cross crypto-fiat infrastructure provider. While at the time of writing traders have the option of trading four cryptocurrencies against the Euro, as well as a number of coins against its own proprietary GBX token, the platform aims to increase its offering in the very near future.
The team at Globitex recently launched an upgraded version of its main trading arena, which now allows you to access the marketplace 24/7. Globitex reached its highest price on 27 April, 2018, when it was trading at its all-time high of $ 0.061217.
Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. Scaling Bitcoin Economy – Linking Digital Currency to Global TradeGlobitex is an institutional grade Bitcoin exchange, with unrivalled API capabilities for direct market access.
Globitex Ltd
If you’re an everyday trader using the liquidity already available on the platform, then you are classed as a market taker. As such, you will pay a trading fee of 0.2% on each and every trade. Globitex – a cryptocurrency marketplace that aims to cater to both institutional and retail clients, claims to operate on three key pillars of success.
Powered by Nexpay UAB, an EU licensed financial institution, the EURO Wallet allows users to make and receive EUR payments on a dedicated IBAN like any other EUR bank account. The service is integrated with the cryptocurrency exchange platform.
If the market value of the GBX token is higher than EUR 0.10, then the market price will be used to calculate the appropriate GBX spending. For professional traders that are looking to minimize their trading fees, the Globitex token affords users with a minimum reduction of up to 20%. The GBX token is also useful in getting further discounts on Euro Wallet fees. On top of a reduction in fees, traders are also accustomed to a range of loyalty benefits as usage increases.
