The term GMX Crypto refers to the GMX DEX.
It is the first perpetual and spot exchange on Arbitrum, which later goes live on Avalanche in 2022.
GMX basically lets users put on Long, or Short orders with leverage up to 30x to take advantage of price volatility and earn profits.
The exchange on the other hand offers an instant swap with optional limit order on top of ready liquidity.
GMX Crypto Coin exists as the main fuel of GMX DEX in a dynamic incentive mechanism.
By staking GMX, you will have various privileges offered by its ecosystem.
Learn more in our article
What is GMX Crypto?