Since its launch in September 2021, GMX has released several products aimed at improving cryptocurrency trading and investing.
GMX is a novel cryptocurrency spot and perpetual contract trading platform built first on Arbitrum one – an Ethereum Layer 2 solution and launched later on Avalanche blockchain. GMX is a rebrand from the now deprecated Gambit exchange.
GMX’s decentralized spot trading protocol allows investors to perform seamless cryptocurrency swaps from the comfort of their personal wallets. But, its most popular product is its decentralized perpetual contract trading platform. Perpetual contract traders could use up to 30X leverage on the GMX exchange.