See the live GMX price UK. Buy GMX in the UK or add it to your Crypto Strategy.
GMX to GBP Data
The GMX to GBP conversion rate today is £11.15. This is a increase of +0.40% in the last 24 hours. The recent price direction shows a bearish trend because GMX is down by -3.84% against GBP in the last 30 days.
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.
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.
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.
| 0.5 GMX | £5.57 |
| 1 GMX | £11.15 |
| 5 GMX | £55.74 |
| 10 GMX | £111.47 |
| 50 GMX | £557.36 |
| 100 GMX | £1,114.73 |
| 500 GMX | £5,573.64 |
| 1000 GMX | £11,147.28 |
| £0.50 | 0.044854 GMX |
| £1.00 | 0.089708 GMX |
| £5.00 | 0.448540 GMX |
| £10.00 | 0.897079 GMX |
| £50.00 | 4.485397 GMX |
| £100.00 | 8.970795 GMX |
| £500.00 | 44.853973 GMX |
| £1,000.00 | 89.707947 GMX |
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New Listing: $GMX
GMX is a decentralized 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.
