Latest GMX News & Updates

See the latest news and media coverage for GMX. We track all announcements, press releases, and industry mentions in real time, all in one place.

GMX

Decentralized multi-asset perpetual exchange

gmx.io

Company type: Private company
Number of employees: 11–50
Industry: Blockchain & Cryptocurrency

Last updated October 28

Latest news about GMX

In short: GMX recovered from a $42M exploit while expanding TradFi markets and on-chain activity.

Company announcements

October 6 GMX

GMX launches the USDG Dollar Vault for stablecoin liquidity

The new vault offers dollar-denominated yield with an 8% boost from Arbitrum's program, eliminating crypto price exposure.

August 25 GMX

GMX launches 24/7 QQQ and SPY perpetual markets

The protocol adds these US equity ETF perps on Arbitrum with Chainlink oracle pricing and GM liquidity vaults for continuous trading. This marks the first phase of its traditional finance expansion.

May 8 GMX

GMX appoints Q as its first CEO amid strategic plan execution, with no terminal punctuation

The DAO also advances buybacks acquiring 168k tokens and implements on-chain staking power mechanics for rewards.

December 22, 2025 GMX

GMX launches on Ethereum Mainnet

Users can now trade perpetuals and spot markets while providing liquidity to earn yields directly from the main blockchain ecosystem.

Media coverage

October 28 TokenPost

GMX to Pause Account Transfers Oct. 28 and Warns of Scam Links | TokenPost

Holders do not need to migrate their accounts themselves, GMX said.

October 27 CryptoNews

GMX Moves Staking to New Contracts on Arbitrum and Avalanche

GMX is set to transition its staking on Arbitrum and Avalanche to a new contract starting October 28. This change will ...

July 9, 2025 Yahoo Finance

Decentralized Exchange GMX Exploited for $42M, Offers Hacker 10% White Hat Bounty

Decentralized perpetual exchange GMX has been exploited with over $42 million worth of crypto being...

July 9, 2025 CryptoPan

GMX exchange exploited for $42M in multi-token attack

A hacker exploited GMX V1 through a malicious smart contract, minting unauthorized GLP tokens and draining multiple pools. Over $11M was vaulted to Ethereum and...

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