DEX & atomic swaps
GMX
GMX is the most-used permissionless perpetuals protocol on Arbitrum.
- Website
- gmx.io
- KYC
- no KYC — Permissionless on-chain perpetuals protocol on Arbitrum and Avalanche; no accounts.
- Status
- active
- Fiat on-ramp
- no
- Payment
- crypto
- Jurisdiction
- protocol — decentralized
- Founded
- 2021
- Open source
- yes
- Custodial
- no
- Last verified
- Sources
- 2
Overview
What GMX is#
An on-chain perpetuals protocol with a multi-asset liquidity pool model.
Threat-model fit#
Trading venue.
Strengths
- On-chain leverage trading from any EVM wallet.
- GLP/GM liquidity model is well-documented.
Caveats
- Oracle and pricing model is the dominant historical risk surface.
- On-chain transparency.
- Facts need re-verification by operator (last seeded 2026-01).
Verdict
GMX is the most-used permissionless perpetuals protocol on Arbitrum. No accounts at the protocol layer; wallet hygiene determines correlation. Standard perp risk.
FAQ
- Does GMX require KYC?
- As of Jan 1, 2026, GMX does not require KYC for normal use. Permissionless on-chain perpetuals protocol on Arbitrum and Avalanche; no accounts.
- What payment methods does GMX accept?
- GMX accepts: crypto.
- Where is GMX based?
- Operating jurisdiction listed as protocol — decentralized. This is best-known information; corporate structure can be opaque.
Sources
- GMX docs · accessed
- KYCnot.me — GMX entry · accessed
Alternatives to GMX
- 1inch none kyc · protocol
- Curve Finance none kyc · protocol
- dYdX tiered kyc · protocol
- Hyperliquid none kyc · protocol
- Jupiter none kyc · protocol
- Komodo Wallet (AtomicDEX) none kyc · protocol
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