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Y Combinator, Pantera Back $3M Investment in New Crypto Derivatives Exchange
Globe announced a $3 million funding round from the likes of Pantera Capital, Y Combinator, Tim Draper and others.
By Doreen Wang
Updated May 9, 2023, 3:13 a.m. Published Nov 20, 2020, 2:00 p.m.
A new crypto derivatives exchange, Globe, is looking to step up to the plate following crackdowns on BitMEX, the growth of decentralized finance (DeFi) and a surge in the price of bitcoin.
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The platform announced Friday a $3 million funding round from the likes of Pantera Capital, Y Combinator, Tim Draper and others.
“We’re seeing a wave of interest in crypto assets from major banks, fintech companies and portfolio managers,” said Pantera partner Paul Veradittakit. “Globe has built the platform and products that these sophisticated market players need and expect.”
The bells and whistles 100x leverage on DeFi perpetuals, a product built around a prominent crypto volatility index and other features.
“Globe is on a mission to unlock frictionless access to global alpha for everyone,” said CEO James West, adding:
“We’re building solid infrastructure, solving the overload problems that have wrecked the fortunes of so many traders, pushing up the standards of integrity in the space and building out new products – like VIX – that traders like ourselves want to see.”
Following the regulatory problems seen on existing exchanges, Globe hopes to deliver a safe and fair platform for fresh institutional capital to enter the space, he added.
“The Globe team has been building quietly and we think now’s the perfect time for them, with incumbents like BitMEX facing new challenges and DeFi catching the attention of sophisticated market players,” Pantera’s Franklin Bi said via email.
Silicon Valley accelerator Y Combinator saw success in picking Coinbase as an early bet (among a number of other crypto-sector investments). West is hoping some of that luck rubs off on him.
“I guess you could call us Coinbase for derivatives,” he said in a press statement.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
Yang perlu diketahui:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
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