How We Came About
Globitex team has created a professional Bitcoin marketplace to fill the need for institutional grade exchange platform with advanced IT solutions, suitable for both individual and institutional Bitcoin market participants.
Our purpose is to advance the Bitcoin industry globally, increase Bitcoin trading liquidity and allow professional traders to participate via API (FIX & RESTful) interface for trading and payments.
The idea about working with and around Bitcoin was conceived in the year 2011, by attending some of the very first conferences on Bitcoin in London
But it was years later that the idea to form our own exchange was truly born
In 2014 a legacy of failed exchanges provided the impetus for building our own product
It became obvious to us that if the revolution of Bitcoin was to be sustained, the industry needed to mature
Our contribution to the overall bettering of the industry was to build a technologically advanced and reliable marketplace with an emphasis on institutional clients
As traders ourselves, we wanted to bring our experience to Bitcoin industry by building an exchange that reflected our vision of how an exchange should work in terms of connectivity, matching, settlement and reporting
After developing the Globitex exchange platform for over two years, in early 2017 it was ready for its market test drive
Globitex launched in BETA and begun accepting clients globally for trading spot XBTEUR . Globitex launched as fully compliant with EU AML standards, thus strengthening industry's overall development moving towards widespread adoption and consumer rights' protection.
Globitex group company NexPay UAB received EMI (Electronic Money Institution) license from an EU regulator, allowing it to integrate with the Single Euro Payments Area (SEPA) euro payment system directly through the central bank of Lithuania and to issue IBAN accounts to Globitex clients.
Globitex launched a public sale of its GBX utility token, which was sold out in fewer than 24 hours. Now Globitex is looking to implement the business development stages put forward in the project’s white paper to reach the ultimate goal: list commodity derivatives with a physical delivery denominated in cryptocurrencies.
In the meantime, we continue to implement best industry practices and industry standards in terms of technology, integrity, compliance, client asset protection and financial prudence.