For now, a globalchat is pretty cool. Later it will be better if there is no globalchat, or globalchat is only for “restricted people”. Like in my favourite MMO Lineage II, you need to fight on a Olympiad (PVP 1v1) and if you had the most points of your class, you became hero. You could speak then on a seperate global chat (Hero voice).
It was pretty cool, because if you wanted your message shown globally, you asked the hero friendly. This also makes sure, that the “global chat” was only used by the best players/best clans.