{"id":237644,"date":"2021-04-28T19:08:14","date_gmt":"2021-04-28T16:08:14","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tim-draper-backed-crypto-derivatives-exchange-raises-18m\/"},"modified":"2021-04-28T19:08:14","modified_gmt":"2021-04-28T16:08:14","slug":"tim-draper-backed-crypto-derivatives-exchange-raises-18m","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tim-draper-backed-crypto-derivatives-exchange-raises-18m\/","title":{"rendered":"# Tim Draper-backed crypto derivatives exchange raises $18M"},"content":{"rendered":"<p>&#8220;<strong># Tim Draper-backed crypto derivatives exchange raises $18M <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvODVjMGE4NGYtZWEwMC00NmI2LWIyZTQtNThiNzIwNGFmMTEzLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>A new global cryptocurrency derivatives exchange, Globe Derivative Exchange \u2014 or GlobeDX \u2014 continued its preparation for the platform&#8217;s launch by securing another major raise.<\/p>\n<p>GlobeDX announced Wednesday that the firm successfully raised $18 million through a new funding round featuring investors like seed money startup accelerator Y Combinator and Tim Draper\u2019s Draper Dragon fund. Other investors included crypto exchange OKEx, Pantera Capital, Republic Crypto, CMT Digital and Wave Financial.<\/p>\n<p>Scheduled for launch in early May, GlobeDX will allow users to trade major cryptocurrencies like Bitcoin (BTC) and Ether (ETH), as well as decentralized finance tokens with up to 100x leverage via perpetual futures contracts. Built by Y Combinator alumni Shaun Ng and James West, the platform has already <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/medium.com\/globe-official\/how-to-trade-on-globe-with-testnet-bitcoin-56c1c2d0977\">enabled<\/a> users to open Globe accounts and trade with Testnet Bitcoin.<\/p>\n<p>\u201cWe\u2019re working closely with our investors and strategic partners to bring innovative products for our traders on Globe. Trading DeFi perpetuals on an exchange built by trad-fi veterans will be a whole new experience for crypto traders,\u201d GlobeDX CEO West said.<\/p>\n<p>The latest funding round adds to a $3 million seed round completed by GlobeDX in November 2020. A spokesperson for GlobeDX told Cointelegraph that the previous funding round was an equity raise, while the latest $18 million funding will contribute to its upcoming token sale involving the Globe Derivatives Token (GDT). GlobeDX\u2019s native GDT serves multiple purposes including trading fee discounts, staking rewards and others.<\/p>\n<p>\u201cThe Globe team has been building quietly and we think now\u2019s the perfect time for them, with incumbents like BitMEX facing new challenges and DeFi catching the attention of sophisticated market players,\u201d Pantera Capital\u2019s Franklin Bi said.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/tim-draper-backed-crypto-derivatives-exchange-raises-18m\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Tim Draper-backed crypto derivatives exchange raises $18M &#8221; A new global cryptocurrency derivatives exchange, Globe Derivative Exchange \u2014 or GlobeDX \u2014 continued its preparation for the platform&#8217;s launch by securing another major raise. GlobeDX announced Wednesday that the firm successfully raised $18 million through a new funding round featuring investors like seed money startup&#8230;<\/p>\n","protected":false},"author":1,"featured_media":237645,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvODVjMGE4NGYtZWEwMC00NmI2LWIyZTQtNThiNzIwNGFmMTEzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74863,74860,75012,75719,75592,77796,117,73711,71745],"class_list":["post-237644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-derivatives","tag-funding","tag-okex","tag-tim-draper","tag-business","tag-investments","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/237644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=237644"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/237644\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/237645"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=237644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=237644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=237644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}