Investors of all levels to compliantly buy and sell digital assets directly from their smartphones
New York, NY, Sept. 04, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — GlobexUS Holdings, Corp. (Globex), the blockchain software solutions company powering the World Token Market, today announced the launch of its digital securities exchange software, Open Order Book, to power order-driven marketplaces with best bids and offers displayed on the Ethereum public blockchain in real time. The software is paired with a white-label retail trading app where investors of all levels can buy, sell, and instantly settle digital assets directly from their smartphone.
Open Order Book is not just a wallet to wallet matching engine. It is designed to look and feel like a traditional public stock exchange, with Ethereum smart contracts discretely built-in to ensure transparency, prevent market manipulation, and enforce investor protections. There are no market makers, no volume-discounts that promote fake trades, no hidden order types, and no “prop trading” by any of Globex’s regulated exchange operators.
Open Order Book’s on-chain trading solution offers digital security trading pairs quoted, traded, and immediately settled against the exchanges’ deposits of fiat currency. This ensures an issuer’s stock is not pegged to cryptocurrency volatility while also providing investors with a liquid on-ramp and off-ramp for their profits. Investors alone hold their private key with all transactions cryptographically signed on Ethereum, adding increased investor protection.
“The digital asset community deserves a compliant secondary trading solution that upholds the core values of a public blockchain,” says Globex CEO Brian Collins. “We believe Open Order Book has the ability to usher in a new wave of quality issuers while leveling the playing field for investors to benefit from the liquidity that a global network of transparent, accessible, regulated trading venues will offer.”
“When developing Open Order Book, we were in a unique position to observe and solve for the challenges traditional and crypto exchanges face,” says Globex Chief Technology Officer Dr. Andrew Le Gear. “We believe Open Order Book showcases the best of both worlds for digital securities participants to transparently and securely trade on the blockchain.”
This news follows the recent announcement that Globex has signed a Memorandum of Understanding with the government of Antigua to provide the country with a digital stock exchange powered by Open Order Book. Interested entities can reach Globex at horizon@openorderbook.com.