Cryptocurrency Q&A
What is GMX coin?
What is GMX coin?
SakuraSmile
Fri Oct 25 2024
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6 answers
1048
GMX coin is a cryptocurrency native to the GMX decentralized trading platform, offering efficient derivatives trading with up to 30x leverage. It enables users to trade assets like ETH, BTC, and AVAX with low fees and fast execution. GMX has a fixed supply and uses a PoS mechanism, allowing staking for rewards. The coin also serves as a governance token, giving holders voting rights on platform decisions.
6 answers
CryptoNinja
Sun Oct 27 2024
GMX began its operations in September 2021 under the name Gambit Exchange.
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EtherealVoyager
Sat Oct 26 2024
It is a decentralized exchange (DEX) that focuses on the trading of perpetual cryptocurrency futures.
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Federica
Sat Oct 26 2024
BTCC, another top cryptocurrency exchange, provides a range of services including spot, futures, and wallet options.
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DigitalDynastyGuard
Sat Oct 26 2024
The platform's primary objective is to make it easier for users to trade these futures.
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CherryBlossomFall
Sat Oct 26 2024
GMX offers high leverage trading opportunities, with up to 50X leverage available on various cryptocurrencies.
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