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What is GMX?

GMX is a decentralized spot and futures trading platform for cryptocurrency built on Arbitrum and further developed on Avalanche. The GMX V2 beta is now live, which builds on 2017's Gambit.

GMX was first launched on the Arbitrum One blockchain when the network went live in September 2021. Arbitrum is an Ethereum layer-2 Rollup, a solution designed to improve the speed and scalability of Ethereum smart contracts.

How does the GMX platform work?

You can trade all kinds of top coins, such as Bitcoin and Ethereum, on the GMX platform with up to 50x leverage on both the Arbitrum and Avalanche networks. That means you put in collateral, for example, and get 50x the value of coins. If the crypto you buy then goes up significantly you can make a lot of money quickly. For every 2% the coin goes up, you double your deposit.

If the coin you buy goes down 2% you lose your entire deposit. So you can earn much more than you lose if you do it right.

Of course, you also have to pay interest on your loan, otherwise no one will lend to you. The lenders get a percentage per period for this after the contract ends. These are the futures contracts.

How can I buy GMX?

You can buy GMX through the Anycoin Vault within seconds. Press the button above or download our crypto app. No hassle with networking and linking wallets. Buying GMX has never been easier.

Since 2013

Anycoin Direct is officially registered with De Nederlandsche Bank and the Austrian FMA. In addition, we always implement the latest security protocols.

Security

Store your coins in our secure Vault or send them to your personal wallet. You decide how your coins are stored.

Community

Over 500,000 Europeans are part of the Anycoin platform. In addition, Anycoin Direct is the best rated crypto broker in Europe. 

Anycoin App

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Why buy GMX (GMX) with Anycoin?

With over 14.000 reviews on TrustPilot (average of 4.5 stars) and an official registration with De Nederlandsche Bank (DNB), Anycoin Direct is one of the most trusted crypto services in Europe since 2013.

Buy crypto in three easy steps!

1
Register

You can create a free Anycoin Direct account within minutes.

2
Verify

Verify your identity with one of our trusted verification partners.

3
Trade

Buy, sell, swap and store your favorite coins. Never miss a moment.

Anycoin Vault

The Vault is a safe alternative to the traditional crypto wallet for those who want to buy, sell and swap their coins on Anycoin Direct. Within the Vault you can store all your digital assets and swap them against one another. Still want to send crypto to an external wallet like your Ledger? No problem, the Vault is an additional feature. The choice is yours. 

Foundation

Balances in the Anycoin Vault, are kept in a foundation. This foundation has only one purpose, to preserve our customer funds. This construction ensures that customers are entitled to compensation in the unlikely event of Anycoin Direct's bankruptcy. In addition, we want to reiterate that we always want to give customers a choice between using the Anycoin Vault and sending coins to an external wallet.

Additional information about GMX (GMX)

The technology behind GMX

Perpetuals

Perpetuals or continuing contracts have no expiration date. A person who enters into one can let the contract run as long as he wants and can make a loss or profit on it throughout its term.

It may be the case that GMX will close the perpetual if the losses get too high and the risks become too high, but normally the buyer closes it.

GLP pool

The GLP pool serves wholesale and perpetuals. The community fills this pool and receives rewards for doing so

An AMM (automated market maker) serves the spot wholesale and handles the fees. A leverage trading algorithm processes the perpetuals.

GLP tokens cannot be traded outside of this trading platform and are only intended to provide services within this platform and profit from them with interest rates of around 30% of trading costs based on how many you have. By the way, with this token, you have more or less profit depending on the profitability of traders. The more they earn, the less is distributed to GLP token holders and vice versa.

Statistics

GMX now has more than 300,000 users who have traded for more than $140 billion.

The current price for all cryptocurrencies are retrieved by Chainlink's technology. Their Oracles determine the prices of coins by consulting the most liquid exchanges and, based on that, always set a current price.

Once a price feed from the highest volume exchanges indicates that certain positions should be closed, this platform's protocol will forfeit the collateral and automatically trade.

Tokens on the GMX platform

GMX

The GMX token is the governance token of this platform and the most important coin. It is tradable everywhere, though. The current price has more than doubled since the inception of this platform and the market capitalization sits near $400 million.

If you invest in this coin and stake it on this platform you will get interest of around 10% per year, plus another 30% of the proceeds from the trading costs of the platform, depending on how many coins you have.

You also use this token to vote on the future of the platform.

There will be a maximum of around 13 million tokens, of which around 9 million are in circulation.

GM

GM is tokenizing the new version of their platform, GMX V2 beta. It has similar numbers to that of GMX in terms of design.

GLP

GLP is the liquidity provider token for GMX V1 markets. It provides 70% of the fees for all trades on V1.

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