GMX

Halal Rating :
Uncomfortable
Last Price $41.60 Last updated:
Rank 84
1D Change 7.01 %
Market Cap $376.83m
Circulating supply 9,057,381
Maximum supply None

Crypto Overview

Categories
  • Derivatives
  • DEX
  • Avalanche Ecosystem
  • Arbitrum Ecosystem

GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades. Trading is supported by a unique multi-asset pool that earns liquidity providers fees from market making, swap fees, leverage trading (spreads, funding fees & liquidations) and asset rebalancing. Dynamic pricing is supported by Chainlink Oracles along with TWAP pricing from leading volume DEXs.

Crypto Impact

To assign a comfort level investing in GMX from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to GMX.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

Justification for our Halal Rating