GMX

Risk Warning: Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Popularity 4/5
Leverage ≤50:1
Blockchains ArbitrumAvalanche
Fees 0.10%
Fees [maker] 0.10%
Account currencies DAI · FRAX · USDC · USDT
Languages English · German · Spanish · French · Japanese · Korean · Russian · Chinese
Twitter Youtube Telegram
Rating ★★★★☆

Risk Warning: Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Alternatives

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2 ApolloX Review

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Risk Warning: Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.


 ✚ Review

GMX is a decentralized perpetual exchange that allows users to trade perpetual contracts for top cryptocurrencies. Launched in September 2021, GMX offers leverage of up to 50x and uses Chainlink's oracles to determine prices, which helps to prevent liquidations due to random ticks on a single automated market maker. The platform has a community-operated liquidity pool called GLP, where GLP holders earn when traders lose and vice versa. The GMX ecosystem has a governance token, GMX. GMX stakers can earn rewards from escrowed GMX tokens, variable ETH and AVAX APR from fees generated from leveraged trading, and multiplier points that boost APRs and encourage long-term staking. The total trading volume on the platform exceeded billions and it has become the leading perpetual exchange in the DeFi space.


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Alternatives

1 dYdX Review
2 ApolloX Review

Risk Warning: Investments involve a high level of risk. It is possible to lose all your capital. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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