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.
Bitcoin’s biggest problem: liquidity
Whilst the Bitcoin protocol has been undergoing concrete steps for Bitcoin’s technical scaling, Globitex’s 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/
