Globedx cryptocurrency derivatives
What is Globe Derivative Exchange?
Online trading is one of the ways that a person doesn't even have to leave their home to make money. For this reason, the popularity of online trading has skyrocketed. Globe Exchange is a trading platform that caters to the needs of traders of all levels. Whether you are a new trader or have been in the trading business for several years, the Globe Exchange trading platform can equally meet their requirements.
Globe derivatives trading platform will make it easy to invest in multiple financial markets around the world. The convenience it will provide is beyond imagination! Globe Exchange does not use any other trading platform software. These engineers and designers have created this advanced technology trading platform to ease the needs of traders around the world. The user-friendly interface of the Globe Exchange trading platform is customizable for the convenience of its clients. It gives the luxury of advanced charting and technical analysis to its clients. And on top of all these features, the deepest liquidity pool and ideal trading conditions are like a dream come true for traders of every skill level.
Globe's executive team consists of technologist and former leader of Grove Capital Management James West and Sean Ng - an experienced trader, former students of Y Combinator and a former theoretical physicist with solid experience in development. It is worth noting that the exchange has a reliable security system. They used advanced features security, such as firewall and encryption software, for the safety of its customers. The firewall protects the database and prevents cybercriminals from gaining access to the valuable information of Globe Exchange customers. While the encryption software encrypts the data provided by the clients so that anyone with bad intentions cannot access it, they will not be able to manipulate it.
Globe is a crypto derivatives exchange where institutions and consumers transact digital currencies like bitcoin through perpetual futures contracts. Perpetual futures are a derivative product that tracks the underlying price of an index.
They are in high demand as they allow for hedging and risk management, short exposure and trading with leverage.
Globedx cryptocurrency derivatives trading will help you achieve your goals!
What are derivatives?
Globedx derivatives in the Philippines are gaining momentum in trading.
Derivative financial instruments are the products of activity of financial intermediaries, which, based on the needs of market participants and various existing financial mechanisms, create an instrument with characteristics that are more acceptable to meet the economic goals of consumers, which the market asset that serves as the basis for this derivative does not have. Such characteristics may relate to the terms and conditions of payment of income on financial liabilities, as well as other significant conditions.
Features of derivative transactions:
- Urgency. The contract stipulates in advance the term for the delivery of goods or the implementation of cash settlements (settlement agreement).
- High risk. Any futures contract is based on the assumption of a change in the price of the underlying asset. The lead time is usually a few months. Obviously anything can happen during this time. No investor can foresee the future.
- In some cases, a security deposit is required. In case of refusal to execute the contract by one of the parties to the transaction, it remains with the other party.
- The presence of the underlying asset.
Globedx crypto derivatives in the Philippines are as popular as they are in many other countries.
Initially, the main function of derivatives was to protect against risk. With the growth of its popularity in trading, another possibility of using it has been added - earnings on speculation.
Derivatives appeared several centuries ago. They were used by manufacturers and buyers of various goods. For example, rice in Japan, tulip bulbs in Holland. The main function of these futures transactions is risk hedging. It is still being fulfilled today, but to a much lesser extent than the second - speculation.
- Hedging is insurance against losses.
When hedging, the investor transfers his risk to those who are ready to accept it - speculators. The investor in this case can be called a hedger. Hedgers get a guarantee that prices will not change, and speculators profit by taking the risk.
This is done using special hedging instruments - derivatives. Any of them allows the investor to compensate for an unfavorable change in the price of an asset.
- Recently, the most popular are speculative transactions that have nothing to do with the actual supply of goods or securities under a contract. The main function of derivatives in this case is the opportunity to earn on price changes. Moreover, this can be done both on its increase and on its decrease.
The essence of transactions is that one party assumes that the value of an asset will increase, and the other party bets on a decrease. As a result, someone remains in the black.
Globedx derivatives trading is a process that requires you to have experience in this area of work.
How does cryptocurrency derivatives trading work?
To use any trading platform, you will need to subscribe to it. After registration, the user will have to communicate with the financial markets through this trading platform. It will also process orders for what assets you want to trade. These assets can be of various classes. Trading platforms also perform electronic and digital transactions with the consent of trading firms from anywhere, using only a desktop system or mobile phone. Trading multiple assets will expand any trader's trading portfolio and increase their level of trading experience. With more experience in this area, traders will be able to handle difficult situations and make the right decisions. Thus, he can fulfill his dream of gaining financial security. Globe Exchange will allow you to choose the right trading situation and start your trading journey with them. All that is required is to decide which assets are suitable for the client's requirements and place an order to invest in them, and Globe Exchange will process all the technical aspects of these orders.
Globedx cryptocurrency derivatives in the Philippines has a lot of positive reviews.
How to deposit funds on Globedx?
In order to make a deposit to your account, you will need to do the following steps:
- After logging in, click on your email address in the top right corner.
- Go to account details.
- Click "Deposit" to add BTC to your account.
- You can either scan the QR code or copy the address to your wallet to transfer funds to Globe.
- Top up your account.
How to withdraw money?
Withdrawal of funds is carried out quite quickly, detailed instructions on how to do this are listed below:
- First you need to go to the main page of the official website.
- Then click on your email address in the top right corner.
- Go to account details.
- Click on the Withdraw button to withdraw BTC from your account.
- Add your BTC wallet address and enter the amount you would like to withdraw in the "Amount" field.
- Review your inputs and then click "Withdraw" to confirm the withdrawal to your BTC address.
List of derivatives of Globedx
GDT is the token that powers the Globe exchange. It offers discounts on trading fees, rates, and access to exciting new and innovative products like Globe Gems.
For regulatory reasons, GDT is not available in some jurisdictions.
Globe cryptocurrency derivatives trading platform burns GDT on a weekly basis to reduce supply, which drives up the value over time. Uses 30% of income from Globe exchange trading fees to redeem GDT. To burn the tokens, the company sends them to an address that no one can access.
The total supply of tokens is 400M, which will be gradually unlocked according to the schedule in the next section.
A perpetual futures contract is an agreement to buy or sell an asset at an unspecified time in the future. All Globe perpetual futures are settled in XBT (Bitcoin) and differ from regular futures in that they do not have a predetermined delivery date, so they can be held indefinitely. Payments are exchanged periodically (every 8 hours) between the holders of the two sides of contracts, long and short, with the direction and amount of settlement based on the difference between the price of the contract and the price of the underlying asset (as set by the index price).
Globe offers up to 100x leverage on perpetual contracts. Therefore, it is not necessary to place 100% collateral as margin. All margin is denominated in XBT.
Funding occurs every 8 hours, three times a day, always at the following times each day, 12:00 (midnight) UTC, 8:00 UTC, and 16:00 UTC. The client must be short or long at the time of funding to receive a payout on financing. When the funding rate is positive, for example, longs pay \(0.01\%\) of their positions to shorts who receive \(0.01\%\) of their positions at the time of funding.
Globe does not charge any funding fees.
Central to the core of perpetual futures is a funding mechanic that causes the contract price to tend to track the mark price of the contract's underlying index price. It consists of a premium (or discount) tariff.
The price of the instrument may be at a significant premium or discount to the base price of the brand. In these situations, the Premium rate will be used to raise or lower the next funding rate.
What does it mean:
- If the premium rate is in the range \(-0.05\%\) to \(0.05\%\), the funding rate will be set to \(0\%\)
- If the premium rate is greater than \(0.05\%\), the funding rate will be reduced by \(0.05\%\)
- If the premium rate is less than \(-0.05\%\), the funding rate will be increased by \(0.05\%\)
The final funding rate is then calculated using \(8\)hours of the weighted average price of the rates.
The mark price consists of the fair price, which is the average of the fair impact ask price and the fair impact offer price. Defined as:
- The fair ask price is the average $10,000 market buy price or the best ask price \( + 0.15\%\) whichever is lower
- The fair bid price is the average market selling price of $10,000 or the best bid price \( - 0.15\%\) whichever is higher
The mark price accounts for the difference between the fair price and the index price by applying a 30-second exponential moving average to the difference and then clamping the result by \(0.5\%\) of the index price (i.e. if the result was greater than \(0.5\%\ ) of the index price, it would saturate at \(0.5\%\) of the index price, and similarly, if the result were lower than \(-0.5\%\) the output would saturate at \(-0.5\%\) from the index price). The result is then added (centered) at the index price.
Globedx crypto derivatives trading can also become an additional income, because trading itself does not take much time.
If you are thinking about doing the trading job first, then a trading platform would be the best option.
The customer service team is highly qualified and professional. They have several years of experience, so you can safely trust them without any doubt about your problems. Trading professionals will help with trading difficulties and provide 100% accurate information.
There is no doubt that there are hundreds of online trading platforms available in the market, but the Globedx crypto derivatives trading platform provides countless features and functionalities that will help in the trading business. that Globe Exchange is one of the most reputable platforms. Register with Globe Exchange and take advantage of its amazing offers and assets.