Globedx cryptocurrency derivatives
What is Globe Derivative Exchange?
Globe derivatives trading platform stands out from the rest of these exchanges. Its launch introduces new types of crypto of the future, brings fragmented existing perpetuals under one roof, can be registered in seconds, provides and withstands orders of magnitude more market stress than previous generation exchanges, offers insured cold storage, an easy-to-use web socket API with selective customers and does not have an internal trading table.
GlobeDX is a cryptocurrency derivatives exchange that provides both consumers and institutions with a platform to transact digital currencies.
Once dubbed "Coinbase for Derivatives," Globe shares not only its depth of view, but also Coinbase's earliest investors.
What are derivatives?
The development of the derivatives market has a long history and is becoming increasingly popular today. The main goal of concluding any derivative contract is to make a profit due to changes in asset prices.
Generally, derivatives trading refers to a mechanism whereby traders sign a contract to trade the underlying asset at a specific date and price.
The main purpose of derivatives trading is to speculate on the future price of the underlying asset, which allows traders to book profits based on price differences. And this applies to various assets, including commodities, currencies, and cryptocurrencies.
Derivatives have the following features and characteristics:
- Buying a derivative would be a relatively small investment compared to the underlying assets, whose prices react similarly to market volatility.
- The value of a derivative instrument changes when the price of the underlying asset changes.
- Settlements in the derivatives market are carried out in the future.
- The use of derivatives is, as a rule, not for the purchase and sale of the underlying instrument, but for making a profit due to price differences.
- Derivatives are inextricably linked with risks that need to be managed and identified.
Globedx derivatives in Malaysia are available for purchase today.
Cryptocurrency derivatives trading provides several growth opportunities for the savvy trader. The bottom line is to develop a specific strategy before starting to work with cryptocurrency derivatives. Before making the first transaction, the trader must analyze and understand the possible risks that are associated with derivatives trading. The derivatives market is currently a large segment of the financial system. With their help, investors neutralize risks in the stock markets, share and limit the negative consequences.
The purpose of acquiring a derivative is to hedge price risk over time or to receive income from changes in the value of the underlying asset. But the result can be both positive and negative for the parties to the transaction.
The market of derivative financial instruments, the main purpose of which is protection against price risks, today is a huge trading platform for speculative transactions. A feature of speculation in the derivatives market is the separation of transactions with derivatives from the financial and tangible assets underlying them, manipulations with derivatives not in order to reduce losses from price risks, but in order to profit from taking risks.
Globedx derivatives trading can also become an additional income.
How to trade Globedx derivatives in Malaysia?
Getting started trading in Malaysia is quite easy, fast and takes a minimum amount of time. To do this, you must first register and open an account (Opening a Globe account takes less than 30 seconds. Simply register your details here. You will then receive an email confirming your email address. After confirmation, you can log in immediately) make a deposit, and after that, get acquainted with the platform, choose the most optimal type of asset for yourself, and the last step will be - this is the purchase.
Globedx cryptocurrency derivatives trading is carried out on a daily basis.
How to register?
Globedx crypto derivatives trading platform offers a very simple registration option on its website. And in order to register your account you need to do the following:
- go to the official website
- in the upper right corner there will be a button "registration"
- click on this button
- after which you will need to fill in all the requested information, namely the email address, come up with a complex password, indicate the country of residence
- then you will need to click "registration"
- after which a confirmation e-mail will be sent
The registration has been successfully completed.
How to deposit funds on Globedx?
Globedx crypto derivatives trading has a large number of positive reviews.
In order to deposit funds, you need to do the following:
- After logging in, click on your email address in the top right corner.
- Go to account information.
- 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.
Transactions can take up to 10 minutes!
List of Globedx derivatives
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 periodically (every 8 hours) exchanged 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) (more details on the funding amount can be found below) .Globe offers up to 100x leverage on perpetual contracts. Therefore, it is not necessary to place 100% collateral as margin.
Leverage is the ability to control a large contract value with a relatively small amount of capital.
Benefits of using leverage:
- Greater profit potential with less capital invested.
- With less capital, traders will be able to open larger contracts.
Exchanges and brokers provide their users with leverage in the form of a line of credit, and users pay a small interest fee in exchange for borrowing the amount of capital that is used to increase the value of their contracts.
Globedx cryptocurrency derivatives in Malaysia are as popular as in many other countries.
All margin is denominated in XBT. All perpetual contracts offered are inverse contracts and they cost a fixed amount of the quote currency, which is USD ($) for all instruments (eg XBTUSD, ETHUSD, etc.). Therefore, each contract on each perpetual is worth one dollar ($1 quote currency) of the base currency (for example, XBTUSD one contract is worth $1 in XBT). Funding occurs every 8 hours, three times a day, always at the following times every day, 12: 00 (midnight) UTC, 8:00 UTC and 16:00 UTC. You must be short or long at the time of funding to receive the funding payout. 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.
Premium (or Discount) plan
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.
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.
And now the Globe cryptocurrency derivatives trading platform offers an incredibly fast and easy registration process and many other benefits as well.This platform is the link that connects traditional finance with the world of digital assets. And it does so in a seamless manner that benefits everyone. Globe has a dynamic and ever-growing community and is backed by some of the biggest whales in crypto. These are the entities that support this platform out of a desire to see better solutions for the derivatives exchange model.
Buy now Globedx crypto derivatives in Malaysia and start making profit!
What is a Globe?
Globe is a trading platform that offers investors access to global derivatives markets safely and securely using Bitcoin.
What is maintenance margin?
The maintenance margin is the minimum that a user must have in their account in order to keep a position open. If your balance falls below this, your position will be liquidated.
Is there a fee for trading on the Globe?
Globe classifies all trades as a maker trade or a taker trade, depending on whether your trade adds liquidity to the market (maker) or takes away from it (taker). Takers pay a small fee of 0.075% of the notional value of the trade.