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See the live GMX price UK. Buy GMX in the UK or add it to your Crypto Strategy.

GMX

GMX

GMX to GBP Price

£19.77

GMX Market Cap

£196.05M

Buy
See all buy/sell options

GMX GBP price chart / performance

GMX GBP price chart / performance

Past performanceis not indicative of future results. GBP (£) currency fluctuations can cause returns to go up or down. Returns shown are before fees.See feesandasset data disclosurefor more details.

Returns

Returns

Return (24h)
-3.96%
Return (7D)
-14.36%
Return (1M)
-37.92%
Return (1Y)
N/A

My Investment

My Investment

Profit Taken
£0.00
0.00%
You Have:
Unrealised P/L
£0.00
0.00%

GMX (GMX) History and Overview

GMX (GMX) History and Overview

GMX is a decentralized, permissionless exchange for perpetual swaps and spot trading, facilitating on-chain cryptocurrency trades directly from users' wallets. Launched on the Arbitrum One blockchain in September 2021 and later on Avalanche in January 2022, GMX supports these two networks. It allows trading of major cryptocurrencies like BTC and ETH with up to 50x leverage, offering an experience akin to centralized exchanges but with users retaining asset custody.

Central to GMX is its native token, also named GMX, serving as a governance, utility, and value-accrual asset within its ecosystem. Staking GMX tokens yields a share of the protocol's fees and additional incentives. The platform's unique feature is its multi-asset pool, GLP, which holds a mix of stablecoins, ETH, BTC, and other altcoins. This pool facilitates trading and offers liquidity providers fee earnings without impermanent loss.

GMX's trading mechanism is supported by GLP, with liquidity providers earning 70% of fees generated. GLP tokens, which represent a stake in this pool, can be minted and burnt for various assets. GMX also uses Chainlink Oracles for dynamic pricing, aggregating prices from high-volume exchanges.

The GMX token not only enables voting on protocol decisions but also provides stakers with three types of rewards: a 30% share of protocol fees (paid in ETH or AVAX), escrowed GMX (esGMX) tokens, and Multiplier Points that boost yield. The token has a capped supply of 13.25 million, with a significant portion currently staked.

Distinctly, GMX offers a simple swap interface for leveraged positions, akin to traditional platforms, but with self-custody and trustless operation. It combines spot swaps and leveraged trading of perpetual swaps, aiming for high capital efficiency and reduced price impact during trading. The platform leverages Chainlink Oracles to mitigate liquidation risks from price fluctuations.

GMX fosters a strong community ethos, with various community-built tools and communication channels like the Blueberry Pulse newsletter and Blueberry Podcast. Traders and stakers benefit from a user-friendly interface for trading and staking, with clear instructions and options like limit orders, take profit, and stop loss orders. Staking GMX tokens is straightforward, offering multiple rewards visible in the user interface.

How To Buy GMX or Add it to your Strategy

The fastest, most convenient way to purchase GMX is to purchase it on ICONOMI. We check GMX live prices on 10+ crypto exchanges and buy it at the best market price.

You can buy GMX by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.

We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if GMX is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).

If you are unfamiliar with analyzing cryptocurrency prices and want to buy GMX, we recommend you read the next section, as copying might be a better approach.

Add GMX to your portfolio by copying a Strategy

If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have GMX in their structure.

Posts

Here you can read and comment on all posts made by Strategists about GMX GMX. See all GMX GBP price predictions in real time and make the best use of their crypto knowledge.

ELEVATE MISTRAL
8 Jan, 2025

DIPS ARE FOR BUYING ✅

Recent market chop in crypto is nothing unusual. The trend for ALTCOINS is still UP ⬆️🚀

Buying ALTCOINS today in drops like this even with 50€ will make a huge difference in less than a year.

$ROSE $GMX $ATOM $OSMO $EGLD $TIA

ELEVATE MONSOON
8 Jan, 2025

DIPS ARE FOR BUYING ✅

Recent market chop in crypto is nothing unusual. The trend for ALTCOINS is still UP ⬆️🚀

Buying ALTCOINS today in drops like this even with 50€ will make a huge difference in less than a year.

$ROSE $GMX $OSMO $ATOM $EGLD

ELEVATE MISTRAL
3 Jan, 2025

HAPPY NEW CRYPTO YEAR 2025 🔥🎆


I wish everyone alot of health, success and alot of gains. I think year 2025 will be tremendously good for altcoins. This is the year we've all been waiting for.


2025 will be the year of ALTCOINS 🚀🔥


$ROSE $GMX $OSMO $ATOM $EGLD $TIA

2 people like this
ELEVATE MISTRAL
3 Jan, 2025

HAPPY NEW CRYPTO YEAR 2025 🔥🎆


I wish everyone alot of health, success and alot of gains. I think year 2025 will be tremendously good for altcoins. This is the year we've all been waiting for.


2025 will be the year of ALTCOINS 🚀🔥


$ROSE $GMX $OSMO $ATOM $EGLD $TIA

One person likes this
ELEVATE MISTRAL
3 Jan, 2025

HAPPY NEW CRYPTO YEAR 2025 🔥🎆


I wish everyone alot of health, success and alot of gains. I think year 2025 will be tremendously good for altcoins. This is the year we've all been waiting for.


2025 will be the year of ALTCOINS 🚀🔥


$ROSE $GMX $OSMO $ATOM $EGLD $TIA

One person likes this

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GMX GBP Price FAQ

What Is the Highest Price of GMX in GBP?

GMX price UK history shows the highest value of 47.55 GBP . We recorded this price on March 14, 2024, but we cannot exclude that a higher price was registered before January 15, 2024.

What Is the Lowest Price of GMX in GBP?
How to buy GMX in the UK?
What Is the Current GMX Price UK in GBP?
Is GMX a good investment?