GMX is introducing a 25% reduction of Open & Close fees on select markets:

On 4 December 2024, the SOL/USD, DOGE/USD, and LINK/USD markets will be the first markets to trial updated parameters, aimed at making trading more affordable and secure.

The Open and Close fees for all trades on these markets will be reduced to a flat 4.5 basis points, from the current rates of 7 bps / 5 bps.

Additionally, the newly activated liquidation fees (initial parameter: 20 basis points) will be implemented for these markets at the same time.

These updates aim to lower costs for all traders, support larger markets, and create a safer and more sustainable mechanism for liquidity providers absorbing liquidations.

Feedback and monitoring of these updates will be evaluated over several weeks, before considering application to additional markets.