What is Globe?
Globe is a trading platform that offers investors access to the global derivative markets safely and securely using Bitcoin.
What is a derivative?
A derivative is a financial security with a value that is reliant upon an underlying asset. Derivatives allow investors to achieve superior risk management with their portfolios, and open up new avenues for speculation. Derivatives also increase market efficiency for the underlying asset by aiding price discovery and allowing individuals to express more complex opinions on price and volatility.
Does Globe offer leverage?
Globe offers up to 100x leverage on all its products.
What is initial margin?
Initial margin is the minimum you must have deposited in your account to open a position.
What is maintenance margin?
Maintenance margin is the minimum that you must have in your account to keep a position open. If your balance drops below this, your position will be liquidated.
What is Bitcoin?
Bitcoin is a digital currency based on mathematical proof where payments can be delivered electronically in a secure, verifiable and immutable way. Bitcoins are stored in a digital wallet.
How do you protect my wallet?
Globe stores all Bitcoin in cold, multi-signature wallets.
What is a cold wallet?
A cold wallet is a Bitcoin wallet that is stored offline, and thus can not be stolen by hackers.
What is a multi-signature wallet?
A multi-signature wallet is a Bitcoin wallet which requires authorisation from 2 or more of it's owners to process transactions. This provides an added layer of security.
Is there a fee to deposit Bitcoin in my account?
No, Globe does not charge fees for deposits.
Is there a fee to withdraw Bitcoin from my account?
Globe does not charge you a fee to withdraw Bitcoin from your account. However, the Bitcoin Network charges you a small mining fee to process your transaction.
What is a taker trade?
If your order matches an outstanding bid or ask, your trade is a taker trade, as it reduces market liquidity.
What is a maker trade?
If your order is not immediately matched, it sits on the order book waiting to be filled. Your trade is a maker trade, as it adds to market liquidity.
Is there a fee to trade on Globe?
Globe classifies all trades as either a maker trade or a taker trade, depending on whether your trade adds to market liquidity (maker) or takes away from it (taker). Takers pay a small fee of 0.075% of the notional trade value.