What Global Markets is
Global Markets is a venue for synthetic derivatives on exchange-listed and digital assets: leveraged perpetual positions, dated futures and cash-settled options. You do not buy or own the underlying asset. Every contract is a claim against the platform, settled in ETH, with the platform as your counterparty. By connecting a wallet and depositing you accept these terms.
Eligibility
You must be of legal age where you live and permitted to trade leveraged derivatives there. Global Markets is not available to residents of jurisdictions where such trading is restricted, and it is your responsibility to know whether that applies to you. We may refuse or close accounts at our discretion.
Your account and balance
Your account is your wallet address. Deposits are ETH transfers to the treasury on Robinhood Chain, verified on chain and credited to a platform balance. Margin, premiums, profits and losses move that balance. You can withdraw your deposits plus realised profit, minus what you have already withdrawn. Balance held in open positions or contracts cannot be withdrawn until they are closed or settled.
Prices and execution
Reference prices come from Yahoo Finance in the asset's local currency, converted to USD and ETH at live exchange rates. Orders fill at the price fetched when the server processes them, not the price you saw on screen. Prices can be delayed, stale outside market hours, or wrong at the source. We do not guarantee any price, and a fill at a stale or erroneous price may be reversed.
Perpetuals and futures
Profit and loss is margin multiplied by price change multiplied by leverage. A position is liquidated once the price moves against it by one over the leverage, and the margin is lost. Liquidation is checked by a periodic sweep and at close; it can happen later than the level was first crossed, and it can only take the margin you posted, never more. Futures also settle automatically at the mark price once their expiry passes.
Options
Options are European, cash-settled and written by the platform. Premiums are priced with a Black-Scholes model using a fixed implied volatility per asset class plus a house spread, and re-priced from a fresh spot when you buy. Payout at expiry is intrinsic value times units, capped at the stated maximum payout. You can sell a contract back before expiry at model value minus the spread.
Risk disclosure
Leveraged derivatives can lose your entire margin quickly. Options can expire worthless. Prices in thin or closed markets can gap. The platform is the counterparty on every trade and pays winners out of the treasury; if the treasury were exhausted, payouts could fail. Smart contract chains, wallets and third-party data feeds can fail or be exploited. Do not deposit funds you cannot afford to lose.
Fees and spreads
There is no explicit trading fee on perpetuals and futures. Options carry a house spread on both the buy and sell-back price. Network gas on Robinhood Chain is paid by you on deposits and by the treasury on withdrawals.
Availability and changes
Markets, leverage caps, expiries, minimums and the asset list can change at any time. We may pause trading, deposits or withdrawals for maintenance, data outages or security reasons. We may change these terms; continued use after a change is acceptance.
Liability
The service is provided as is. To the fullest extent the law allows, Global Markets is not liable for losses from price errors, delayed liquidations, data feed or chain outages, wallet compromise, or any indirect or consequential damages. Nothing here is investment advice.
Contact
Questions about these terms can be raised through the support channel linked in the app footer.