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'''GLobal Bitcoin Stock Exchange'''
'''GLBSE'''


The Global Bitcoin Stock Exchange is a form of exchange that provides services to brokers and traders to trade stocks, bonds and other securities listed with the exchange.
The GLBSE (pronounced glib-zee) was a form of exchange that provided services to users to sell assets, bitcoin bonds listed with the exchange.


The service provides the following featuers:
    * Issue shares to raise capital
    * Pay dividends to shareholders
    * Put resolutions to shareholders and get their vote
    * Issue and sell bonds
    * Borrow from and lend to the market
    * And trade all of the above with other traders on the market
==Adding Funds==
Funds for the purchase of shares comes from the user's BTC account on GLBSE.
Bitcoins sent to the user's Bitcoin address for deposit must confirm before they will show as being available.  The threshold for the number of confirmations that GLBSE requires is the standard six confirmations on the blockchain.
==Withdrawing Funds==
Proceeds from sales of shares add to the user's BTC account on GLBSE.  Bitcoins can be withdrawn at any time.  Some withdrawals, particularly larger ones, may be delayed if the funds in the service's hot wallet is insufficient and funds from cold storage must be first made available.
==Fees==
The [https://glbse.com/portfolio/fees list of fees] can be viewed once logged in.
* New asset fee: 8.0 BTC
* Dividends fee rate: 0%
* Sell fee rate, paid by seller: 0.5%
* Buy fee rate, paid by seller: 0.5%
* Transfer fee rate, paid by seller: 0.2%
Trade fees are MAKER/TAKER, that is if you place an order, and it goes on the orderbook, then you pay 0% fee, if the order gets matched with another order then you pay the trade fee(buy OR sell fee, not both).
In short; buying and selling stocks will cost investors on average 0.25% of the amount involved for each share-transaction they do.


==History==
==History==


The service comes from the first bitcoin company BitcoinGlobal.  The site entered testing phase under an internal code name before being opened with a round 3 of testing on April 27, 2011<ref>[http://bitcointalk.org/index.php?topic=6500.msg94943#msg94943 Stock Exchange testing, round 3]</ref> and launch soon after.
The site entered testing phase under an internal code name before being opened with a round 3 of testing on April 27, 2011<ref>[http://bitcointalk.org/index.php?topic=6500.msg94943#msg94943 Stock Exchange testing, round 3]</ref> and launch soon after.


A version 2.0 with a vastly revamped architecture was launched on March 24, 2012<ref>[http://bitcointalk.org/index.php?topic=73910.0 GLBSE2.0 has launched!]</ref>.
A version 2.0 with a vastly revamped architecture was launched on March 24, 2012<ref>[http://bitcointalk.org/index.php?topic=73910.0 GLBSE2.0 has launched!]</ref>.
On October 4, 2012 the service abruptly closed<ref>[http://bitcointalk.org/index.php?topic=115430.0 GLBSE is offline We will update our users on Saturday]</ref> and on October 9, 2012 described the method the service will follow for the return of all bitcoins held by the service -- with each accountholder being required to provide identification<ref>[http://bitcointalk.org/index.php?topic=115669.msg1261215#msg1261215 Nefario]</ref>.


==See Also==
==See Also==
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==References==
==References==
<references />
<references />
[[Category:Exchanges]]
[[Category:Stock_Exchanges]]
[[Category:Bonds_Markets]]
[[Category:Futures_Exchanges]]
[[Category:Investing]]
[[Category:Crowdfunding]]
[[Category:EWallets]]

Latest revision as of 16:16, 10 October 2012

GLBSE

The GLBSE (pronounced glib-zee) was a form of exchange that provided services to users to sell assets, bitcoin bonds listed with the exchange.


History

The site entered testing phase under an internal code name before being opened with a round 3 of testing on April 27, 2011[1] and launch soon after.

A version 2.0 with a vastly revamped architecture was launched on March 24, 2012[2].

On October 4, 2012 the service abruptly closed[3] and on October 9, 2012 described the method the service will follow for the return of all bitcoins held by the service -- with each accountholder being required to provide identification[4].

See Also

External Links

  • GLBSE web site
  • @GLBSE exchange ticker on Twitter
  • @BitcoinGLobal company Twitter account
  • IRC Web #GLBSE Talk regarding the GLBSE trading platform
  • IRC Web #bitcoin-assets Discussion of securities and other asset investments.

References

  1. ↑ Stock Exchange testing, round 3
  2. ↑ GLBSE2.0 has launched!
  3. ↑ GLBSE is offline We will update our users on Saturday
  4. ↑ Nefario
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