Globe Derivative Exchange prepares to launch its platform next month by raising $18 million for a token sale.
A new global cryptocurrency derivatives exchange, Globe Derivative Exchange — or GlobeDX — continued its preparation for the platform’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 accelerator Y Combinator and Tim Draper’s Draper Dragon fund. Other investors included crypto exchange OKEx, Pantera Capital, Republic Crypto, CMT Digital and Wave Financial.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 enabled users to open
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