Derivatives Market Heats Up as GlobeDX Closes $18M Private Round

Competition between derivatives exchanges, which was already fierce, has gotten hotter with the arrival of GlobeDX onto the scene. The exchange, which specializes in derivatives, is set to hold its public token sale on April 30 after completing an $18 million private round. Several leading blockchain VCs participated in the round to support Globe’s goal of gaining a foothold in the crypto exchange market. While there is no shortage of derivatives exchanges already catering to crypto traders, Globe has a few unique features that serve to differentiate it. Chief among these is its Crypto Volatility Index, a perpetual market in which traders can speculate on how much the market will move, be it up or down, within a given time period. A focus on liquidity and UX are also top of Globe’s feature list, all of which are powered by its native GDT token. Blockchain VCs Dig Deep Y Combinator,…

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