Everything you need to know about the GMX crypto to decide whether and how to buy it!
The GMX crypto is available on Young Platform for purchase, storage and sale.
After dYdX (DYDX) comes the token of the most widely used decentralised application (dapp) in the DeFi’s derivatives sector. Find out all about GMX and assess whether this crypto is right for you!
GMX: all you need to know
GMX is a decentralised exchange for derivatives trading. On this platform, you can trade perpetual futures with up to 50x leverage. GMX was initially launched on the Binance Smart Chain under the name Gambit Financial, but later changed its name and migrated to Arbitrum, Ethereum’s most widely used Layer 2. Since the beginning of 2023, it has also been available on Avalanche, the blockchain founded by Emin Gün Sirer.
GMX has destroyed its competition, becoming the most widely used derivatives protocol. It is also the most popular dapp on Arbitrum and 22nd in the global ranking. The token of the same name is required to participate in the project’s governance decisions but also allows those who stake it to receive a share of the platform’s earnings.
How to use GMX on Young Platform?
Here are all the features available for GMX on Young Platform and Young Platform Pro:
- Buying and selling with EUR
- Recurring purchase
- Depositing from another wallet or sending via the Arbitrum network
- Creating a Single Currency or Customised Money Box
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