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🏦 Exchange comparison  •  review  •  recommendation

Decentralised exchange with real yield

GMX is a decentralised protocol for spot and perpetual contracts on Arbitrum and Avalanche. Liquidity providers earn real yield from trading fees.

Why we recommend GMX

Real yield

LPs earn fees from trading, not inflationary rewards.

Minimal slippage

Oracle-based pricing model with no slippage.

GLP pool

Liquidity providers earn a share of trading fees through the GLP token.

No KYC

Decentralised platform — just your wallet.

Two networks

Runs on Arbitrum and Avalanche.

Open source

Transparent and repeatedly audited smart contract.

Step-by-step guide

Follow these steps to open an account and make your first trade.

1

Connect your Web3 wallet to GMX

2

Choose a network: Arbitrum or Avalanche

3

Transfer ETH or AVAX to pay for gas

4

Select a trading pair

5

Open a position or add liquidity via GLP

6

Set your risk management parameters

7

Monitor your open position

8

Close the trade and withdraw your profit

Important: Cryptocurrency is a high-risk asset. Never invest more than you can afford to lose. Always do your own research.

Frequently asked questions about GMX

What is GMX?

GMX is a decentralised perpetuals protocol with real yield for LPs.

How do I earn yield?

Buy the GLP token — it represents a share in the pool and earns fees from trading.

Is KYC required?

No — just a Web3 wallet.

Which networks does it support?

Arbitrum and Avalanche.