Quote from: Vladdirescu87 on October 11, 2017, 09:18:27 PM

Globitex Launch Token Sale for Spot and Derivatives Exchange in Bitcoin

The project, which is co-founded by former Executive Director and Founding Board Member of the Bitcoin Foundation Jon Matonis, aims to scale Bitcoin economically in order to become a truly useful currency of global trade and settlement.

Institutional Bitcoin exchange Globitex, which is currently in limited beta, is holding a token sale to scale up operations with the aim of making Bitcoin a truly global currency. The exchange already offers institutional level FIX API for direct market access for algorithmic traders, paving the way for the virtual currency to become a universal medium of exchange across the full breadth of the international financial and commodity markets.

Bitcoins biggest problem: liquidity

Whilst the Bitcoin protocol has been undergoing concrete steps for Bitcoins technical scaling, Globitexs founders recognise the chief issue holding back its wider use is liquidity. Bitcoin is still relatively thinly traded, with low volumes by conventional market standards. Despite being the ideal currency for international settlement across the spectrum of the financial and commodities markets, it cannot serve this purpose without a step-change in market depth and trading volumes.

https://coinidol.com/globitex-launch-token-sale/

https://coinidol.com/upload/resize_cache/iblock/0e2/900_900_1/0e287a2d42a5a92a1556b2ce06aa9af5.jpg

great article!

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