GMX Review: Is It Safe? Fees, App & Ranking

GMX

3.77

2-5 years

Not Regulated

Exchange

Questionable Regulatory License

No Regulatory License

Be aware of the risks!

Basic Information

Country/Region

United Kingdom

Exchange AbbreviationGMX

Company NameGMX.io

Operating Period2-5 years

Websitehttps://gmx.io/#/

Trade TypeSpot Trade、Contract Trading、Leveraged Trading

0.00/10

Score

Regulation

Risk Control

Business

Reputation

Tech

RiskNotice

2 risk alerts

High Risk 1

Medium Risk 1

Exchange Overview

What is GMX?

GMX is a decentralized exchange where users can trade spot or perpetual contracts of major cryptocurrencies such as BTC, ETH, AVAX directly from their wallets on Arbitrum and Avalanche, with up to 100x leverage. (Perpetual contracts and high leverage are high-risk products.)

Business Region

InfluenceB

News

ChainLink Price Moves 2% as GMX Launches Gold/Silver Swaps

ChainLink ($LINK) demonstrated notable resilience, recording a 2.4% intraday gain to trade at approximately $9.02. As global markets seek out more transparent and frictionless ways to trade traditional commodities, decentralized oracle networks are emerging as the critical infrastructure required to bridge the gap　　The uptick in $LINK comes amidst a 3.7% weekly rise, driven by significant ecosystem expansions into tokenized precious metals and a landmark report highlighting the explosive growth of decentralized prediction markets.　　The $GMX Precious Metals Integration　　$GMX, a leading decentralized perpetual exchange, has officially launched frictionless synthetic perpetual swaps for Gold (XAU/USD) and Silver (XAG/USD), with both markets powered exclusively by ChainLink Data Streams. The newly announced venture allows traders to open and settle positions in WETH or USDC while relying on sub-second, high-frequency price data with cryptographic verification.　　Gold (XAU) and Silver (XAG) are now tradable 24/7 on @$GMX_IO, fully powered by Chainlink.　　High-speed data from Chainlink Data Streams is unlocking $GMXs rapid expansion into 24/7 RWA perp markets.　　$LINK gold. $LINK silver. $LINK everything. pic.twitter.com/LuP6X9YGqD　　— Chainlink (@chainlink) April 10, 2026　　The use of Data Streams is pivotal here; unlike traditional oracles, this low-latency solution provides the real-time pricing necessary to run high-leverage commodity markets at acceptable risk parameters. By providing the “financial

04-11Token

Pivotal GMX Community Vote: Deciding the Future of Reimbursement After the Exploit

The world of decentralized finance (DeFi) is often lauded for its innovation and user empowerment, but it‘s not without its challenges. The recent $42 million exploit that impacted GMX, a leading decentralized perpetual exchange, served as a stark reminder of these risks. However, in the face of adversity, the GMX community has risen to the occasion, demonstrating the true spirit of decentralization. They are now at a pivotal juncture, participating in a crucial GMX Community Votethat will determine the future of reimbursement for affected users. This isn’t just about recovering funds; its about setting a precedent for how decentralized autonomous organizations (DAOs) respond to major incidents, reinforcing trust, and shaping the future resilience of the DeFi ecosystem.　　Understanding the GMX Exploit and Its Impact　　Before diving into the reimbursement plan, its important to grasp the context. GMX, a prominent decentralized exchange known for its low swap fees and zero price impact trading, suffered a significant exploit resulting in a loss of approximately $42 million. This incident specifically affected the Arbitrum GLP (GMX Liquidity Provider) pool, a core component of the GMX ecosystem that allows users to provide liquidity and earn fees. While the GMX V2 platform remained unaffected, the incident sent ripples

2025-07-25Token

GMX Hacker Goes White-Hat, Returns $40 Million—Sends Rest to Tornado Cash

Some say crime doesn‘t pay—but blockchain data suggests that an attacker who exploited a flaw in a GMX’s codebase earlier this week is walking away with a $5 million bounty.　　“Ok, funds will be returned later,” the individual said in an on-chain message on Friday, days after they absconded with over $40 million worth of crypto from the decentralized exchange.　　GMX, which specializes in perpetual futures trading on Avalanche and the Ethereum layer-2 scaling network Arbitrum, was later sent $10 million worth of stablecoin Frax, which swiftly disappeared from the GMXs GLP pool on Wednesday, blockchain data show.　　In total, it appeared the exploiter had returned $40.5 million worth of cryptocurrency, including 10,000 Ethereum, with funds being held in a digital wallet operated by GMXs security committee, blockchain security and analytics firm PeckShield said on X.　　Although the attacker initially stole $40 million worth of crypto from GMX, that sum inflated as Bitcoin hit a new all-time high and Ethereum cracked $3,000 for the first time in five months.　　In an on-chain message, GMX had offered the attack “a 10% white-hat bounty” on Wednesday, promising not to pursue further legal action if the bulk of stolen funds were returned.　　GMXs token was recently changing hands around

2025-07-12Token