Business Analysis of Globitex: BTC/Commodity Potential
Globitex is creating a trading platform that brings bitcoin to the ranks of major asset classes across the world as it allows trades for bitcoin pairings against major currencies and commodities.
This removes the fiat conversion barrier that remained for any trader that intended to trade commodities and bitcoin; Globitex may staunchly increase bitcoin adoption amongst traders as it will now be seamlessly tradable against most asset classes.
Read on for details on its strengths.
SWOT analysis sheds light on the potential of a potential project.
I’ll be analyzing whether Globitex presents an idea that holds plentiful potential and what would its barriers be.
It is important to understand what a particular project’s strengths are; these develop into competitive advantages.
There are platforms that allow easy trading of cryptocurrencies; there are platforms that allow easy trading of fiat currencies; there are platforms that allow easy trading of commodities.
Finally, there’s a project that offers all these conveniences on a single platform
Globitex strength is clear: it offers far more convenience than any platform that focuses on a single asset-class can provide. There’s a boom in interest of crypto trading, particularly bitcoin. Globitex is launching at the horizon of this boom.
Globitex has an open path for capitalizing on market interest on bitcoin. By making bitcoin easily tradable against major fiat currencies and commodities, Globitex will be the only provider of convenient and swift trading with bitcoin across many asset classes.
In a market as volatile as crpytos, having the ability to immediately trade bitcoin pairs with major asset classes ensures that traders get the price they intended for the trade. Globitex brings assurity and convenience.
A grasp of a company’s weaknesses is important; a brilliant idea can be brought down by a single, but mighty weakness in operations, financing, marketing, or a number of other business and/or technical functionalities.
Existing platforms have a firm hold of the market share in both fiat trading and crypto trading. So Globitex will have to penetrate through the market, albeit it will be easy given its competitive edge of offering the ultimate convenience by bringing all major tradable assets into one platform.
But Globitex will have to allocate a portion of its capital to promoting its platform and those marketing dollars will eat out of its funding. The return on investment, though, should easily allow Globitex to grow and reinvest in promotion.
While many industries are ripe with potential, some are cluttered with immense competition or even potential downfall due to the advent of market changes or economic shocks.
The trading market is absolutely massive and is only growing with the eases technology provided and the great amounts of knowledge the internet provides for free.
Bitcoin has spurred the interest of the whole world but utilizing it as an easily fluid asset across other pairings has been largely ignored; it has been limited to trading against a couple major currencies and other cryptos. There’s massive interest in this coin and it has yet to be fully capitalized.
Globitex is about to be the first mover in this market with a heavy technological competitive and operational edge that allows users to truly utilize the full potential of bitcoin by offering bitcoin pairs against a vast array of fiat currencies and commodities.
The market is open for Globitex to dominate; it’s the lone wolf here with the only platform offering such a diverse menu for trading.
Even the titans of a given industry face threats; the situation is generally worse for smaller projects.
Globitex’s primary threat would be if existing trading giants join adopt its platform and start offering crypto pairs similar to the ones Globitex will offer.
Existing trading institutions have a large customer base and many shareholders who are adjusted to the platform being offered. To shift their service onto a new platform that is optimized for crypto trading is going to potentially risk everything they already have achieved and established. Major institutors do not take such heavy risks and they largely outsource risky new ventures.
If Globitex is to succeed, only then will it bring eyes to the profitable opportunity of building commodity pairs with bitcoin. But by then, this platform would already have dominated the field. It’s highly likely that Globitex would be able to partner with existing fiat trading platforms to offer a broader investment outlet to those platforms’ customers.
Website: https://www.globitexico.com/
Whitepaper: https://www.globitexico.com/wp.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=2257519.new (9,100+ reads)
Telegram: https://t.me/globitex (6,500+ members)
Ticker: GBX
Token Type: ERC20
Accepts: ETH; BTC; BCH
1 GBX = 0.1 EURO
Can’t Participate: USA
If you intend to invest in the project’s ICO, be sure to utilize the official project website. As disappointing as it may be, scammers are rampant in the crypto market and many try to scam investors through deceptive measures by identity theft of project leaders and phishing measures.
You should only contact official company social media profiles for your informational needs and queries, and you should invest in the ICO directly through the company website.
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Globitex Website: https://www.globitexico.com/
https://bitcointalk.org/index.php?action=profile;u=1700741;sa=summary
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