GMX Expands Spot Trading Options on Arbitrum
GMX Expands Spot Trading Options on Arbitrum
馃 DOGE Joins The Party
GMX has expanded its spot trading offerings on Arbitrum, now including XRP and DOGE exposure through Toros integration. This follows their earlier launch of GMX/USD perpetual and spot markets on GMX V2.
Key updates:
- New spot pairs: XRP/USD and DOGE/USD
- Available through Toros on Arbitrum network
- Users can provide liquidity using GMX or USDC
- Features low fees and self-custody trading
Trade these new markets at app.gmx.io
GMX Launches PUMP/USD Perpetual Trading Market
GMX has launched a new synthetic perpetual swap market for PUMP/USD trading on Arbitrum. Key features include: - Trade directly from your wallet with up to 50x leverage - Long or short positions available on Pump.fun token - Fast execution speeds on Arbitrum network Liquidity providers can: - Deposit BTC or USDC in GM: PUMP/USD pool - Earn fees from trading and market-making activities - Access GLV: [BTC-USDC] liquidity vault Trading is now live at [app.gmx.io](http://app.gmx.io)
GMX V1 Security Incident: $42M Secured, $5M Bounty Paid
A security vulnerability in GMX V1's codebase led to a potential exploit risk of $42M from GLP holders. The issue was related to short average price calculations specific to V1. Key updates: - Funds successfully secured by white hat 0xDF334...5221 - $5M bounty paid, remaining funds in GMX Security Multisig - V2 remains unaffected - Trading, minting, and redeeming disabled on V1 (Arbitrum & Avalanche) GMX team is preparing a distribution plan for affected users through the DAO. A detailed post-mortem analysis will be released once the investigation concludes.
GMX Revenue Surge Leads to Delayed Token Buybacks
GMX experienced a significant revenue increase, causing its buyback-and-distribute contract to face processing delays. The remaining balance will roll over to future weekly epochs for distribution to GMX holders. Key points: - Buyback process is fully transparent and verifiable on-chain - Affects both Arbitrum and Avalanche networks - Contract addresses: - Arbitrum: [View on Arbiscan](https://arbiscan.io/address/0x7EB417637a3E6d1C19E6d69158c47610b7a5d9B3) - Avalanche: [View on Snowtrace](https://snowtrace.io/address/0x1A3A103F9F536a0456C9b205152A3ac2b3c544902)
GMX Rolls Out Stop Market Orders and Enhanced Trading Features
GMX has implemented several key trading improvements: - Added Stop Market Orders support - Enabled chart-based drag & drop order editing - Optimized swap routing for spot and perpetual trades - Enhanced Trade UI with new dropdowns and clearer chart headers - Improved mobile experience with 24h volumes and position cards - Updated number formatting with k, m, b suffixes - Enhanced depth charts and PnL analysis - Clarified network fee calculations For feedback or support: [Telegram](https://t.me/GMX_IO) [Discord](https://discord.gg/H5PeQru3Aa) Learn more about GMX's 2025 roadmap on their [blog](https://gmxio.substack.com/p/gmx-development-plan-for-2025)