GMX Review 2025: High Leverage, Low Fees But Is It Safe?

Meanwhile, dYdX’s fee discounts make it an attractive choice for frequent, high-volume traders. Both have their perks, so which one’s better really depends on your trading style and how much you plan to trade. If a flaw exists in the contract’s code, it could potentially allow hackers to drain funds or manipulate the system, impacting users across the platform. Although the GMX team has taken significant steps to ensure contract security—such as regular audits and a bug bounty program—there’s still an inherent risk that comes with the territory. This offering is far more limited compared to other popular exchanges like Binance and Bybit, which support hundreds or even thousands of coins. So, if you want the ability to invest in lesser-known assets, I suggest exploring other options.

The total supply now is ~8.2 million tokens, 85% of those are staked. GMX isn’t the first decentralized derivatives market but it has many a deep dive into collaborative crm unique features that other projects lack. In this post, we’ll explore what GMX is, review the GMX and GLP tokens, and show you how to use this exchange. I am personally looking forward to additional chains, trading incentives and somehow “improving GLP performance” on top of what is already an amazing product IMO.

GMX Mail, launched by Global Mail Exchange in Germany, has been a significant player in the email service market since its inception in 1997. Since then, it has gone from a simple email provider to a comprehensive service offering a suite of online communication tools. GLP is an index asset backed by tokens for which GMX offers perpetual futures. It’s cheaper to buy GLP with index assets that are demanded by the market but are underrepresented in the pool.

However, GMX fees apply to swaps, and the cost may vary based on market factors like stop loss hunt liquidity balance. As for GMX’s evolution, the platform launched with V1 and has since upgraded to V2. While the former focused on establishing core trading features and reliable price oracles, the latter introduced a range of improvements. This includes more flexible liquidity pools and enhanced user experience. Rather than depending solely on its own data, the platform leverages Chainlink oracles, which provide real-time price feeds from various sources. This setup ensures that prices are accurate and up-to-date, helping traders make more reliable decisions without the risk of price manipulation—a big plus for any DEX.

What is the automatic photo and video upload in the Mail app?

EsGMX earned from GMX staking can then be added to the GMX vesting vault. From here, each second that goes by esGMX will be converted to regular GMX. So if you had 365 esGMX it would take you 1 year to linearly receive your GMX token rewards. As mentioned above you would receive this conversion each second from the minute of the deposit until 365 days later. Additionally, I think the comprehensive explanation of charges on its documentation page is a big plus for the platform. It helps users understand what they need to pay and how the fees are calculated.

Alias addresses

We are seeing decentralised exchange (DEX) volumes increase their market share over centralised exchanges (CEX), and DEX volumes are up to around 5% of the total volume traded per day. Whether you’re an experienced trader looking for high leverage or just curious about decentralized trading, the platform is worth exploring as an alternative to traditional exchanges. Overall, it has a lot to offer, and I hope this GMX review helped clarify its unique place in the crypto landscape. It’s a platform where traders can access high leverage, swap seamlessly, and benefit from GMX staking—all while navigating a transparent fee structure that differs from typical maker-taker models.

• In this review, I’ll cover everything you need to know about what is GMX crypto exchange and what it offers.
• At settlement, the profit is paid in USDC (for shorts) or the pair’s other token (for longs).
• Make use of state-of-the-art encrypted PGP email features to keep communication private.
• While the former focused on establishing core trading features and reliable price oracles, the latter introduced a range of improvements.

How to create an alias email address

GMX provides an encrypted PGP email feature, which means you can encrypt any email so that your message is private, no matter where it’s sent across the world. The highly secure GMX Cloud gives you more storage space and lets you access important files and images from anywhere in the world. It’s pretty easy to create a GMX Mail account and start using it.

• GMX tokens are used for governance and accrue 70% of the total fees.
• You can buy GMX on one of cryptocurrency exchanges that listed it.
• I can easily see the GMX token outperforming dYdX based on tokenomics and revenue share model, which can all scale as the platform onboards more users (and consequently more volume).
• The GMX team is fully anon and there are no confirmed external investors.

How do I stake GMX tokens?

When it comes to trading crypto, you’re probably familiar with big names like Binance, Kraken, and Bybit. Each offers its own unique features, but what if you’re looking for something a bit different? If you’ve been wondering what makes GMX stand out, you’re in the right place. We use the data we collect to provide you with the services guaranteed in the general terms and conditions of our contract. At GMX you’ll have the best possible protection in email communication in accordance with European data protection regulations. Selecting the right email service is crucial for effective communication and productivity.

GMX has created a sleek search solution that lets you easily scan your entire email account to find a specific mail or file in the blink of an eye – no matter where they are kept in your account. With the instantly accessible search bar in the top right-hand corner of your screen, you can simply type in a relevant search term and immediately select the result you need from the displayed suggestion list. On top of that, it is also possible to make a quick Goo‌gle search from the navigation bar without having to leave your GMX email account. Use our Contacts feature to ensure that all your vital email addresses are saved. You can use it to plan your work schedule or even your personal life.

In this GMX review, I want to highlight that while smart contracts are incredibly efficient and secure in theory, they can also be vulnerable to bugs or malicious exploits2. If a user wishes to terminate his or her relationship with GMX, all data and the account will be deleted, provided this does not interfere with any beginner’s guide to buying and selling cryptocurrency other legally-established periods of safekeeping. Content data is automatically deleted if you delete your files from the cloud (permanently from the trash) or after 180 days of an account’s inactivity, in accordance with GMX’s Terms and Conditions. In Data Protection & Advertisements you can find setting options to control interest-based advertisements and newsletter settings. In Data Protection & Advertisements you can find configuration options to control interest-based advertisements settings. We process your personal data in accordance with GMX’s Terms and Conditions and the GMX Privacy Policy.

How does GMX compare to centralized exchanges?

This creates relatively high APRs on GMX for GLP stakers, with the current APR hovering around 20%. CoinMarketCap Academy takes a deep dive into GMX — a spot and perpetuals decentralized exchange on Arbitrum and Avalanche. Content and usage data is deleted after 180 days of inactivity in accordance with GMX’s Terms and Conditions. The email address registered at GMX and the affiliated inbox will be saved in accordance with legal time frames and then deleted.