GMX introduces another perpetual swap market on #Arbitrum: | GMX on Binance Square

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GMX introduces another perpetual swap market on #Arbitrum:
🔸 XLM/USD  (Stellar)
Trade the XLM token permissionlessly on-chain with up to 50x your collateral value. Your wallet, your funds, your trades.
@StellarOrg $XLM
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A new single-sided SOL/USD [SOL] liquidity pool is now live on GMX! This new Single-Token GM pool on @Arbitrum enables LPs to provide pure $SOL liquidity to the SOL/USD market, earning rewards while maintaining 100% SOL exposure. Hold #SOL and Earn: http://app.gmx.io/earn 1/2

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GMX has launched a new perpetual swap market on #Arbitrum due to popular demand: 🔸 RENDER/USD (Formerly RNDR) Go Long or Short the RENDER token, straight from your own self-custody wallet, at http://app.gmx.io @Rendernetwork $RENDER

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GMX is launching another new perpetual swap market on #Arbitrum: 🔸 BCH/USD (Bitcoin Cash) Long or Short the $BCH token from the comfort of your own DeFi wallet. Permissionless, intuitive, and with fast onchain execution. 1/2

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GMX is introducing a new perpetual swap market: 🔸 ADA/USD Go Long or Short the @Cardano token, while benefitting from GMX's self-custody and lightning-fast onchain execution. 1/2

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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.

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