Summary: Gains Trade or, 'gTrade', is a decentralized trading platform developed by Gains Network and is the second most popular futures DEX behind GMX. The exchange, powered by Polygon, allows users to trade a wide variety of cryptos, currencies and stocks on-chain with low fees and no-KYC required.
Overall, gTrade is most popular for trading currency pairs on-chain like EUR/USD, JPY/USD, GBP/USD and CAD/USD thanks to their deep liquidity, low fees and fast transaction finality.
- Over 80 Cryptos, Stocks and Currencies available to trade on Polygon.
- Low fees starting at 0.03% and tight spreads for great on-chain trade execution.
- Secure DEX audited by Tier 1 smart contract platform CertiK
What is Gains Trade (gTrade)
Gains Trade (gTrade) is a perpetual futures trading platform that is built on the Polygon Layer 2 network. The platform offers a superior on-chain trading experience for a wide variety of crypto assets (40+), traditional stocks and currency pairs. It is currently the second largest DEX by trading volume, exceeding over $20 billion in value traded since its inception in mid-2022.
What Assets are Available on gTrade?
The list below is all of the available assets on the gTrade platform across their three key markets. At time of writing, this consists of over 80 assets and are ordered by when the asset was first released, to the most recent release on the exchange.
All Crypto pairs offer 4x to 150x leverage, while the non-crypto pairs are capped at 4x leverage to trade.
gTrade Fees
The gTrade fee schedule is similar to most traditional exchanges. The first fee users will need to consider is the trading fee, which is 0.03% to open a trade. The next fee is the spread, which varies depending on the pair or contract you trade based on the variability in liquidity. Based on our calculation, the average spread for their most popular contracts is around 0.04%.
For less-liquid pairs like long-tail altcoins and stocks, the spread between the buy and sell price can get as high as 0.15%.
Is Gains Trade Safe?
Yes, Gains Trade is a safe decentralized exchange that has an extensive smart contract audit by leading firm CertiK. The results of gTrade's smart contract audit is public, which means you can view all aspects of their contracts and code. You can find the full gTrade CertiK audit here.
Gains Trade Tokenomics and Staking
Gains Trade also has a token called Gains or 'GNS'. This token can be staked on the platform for users to earn revenue share from fees generated on the platform. The GNS Vault is currently offering a 16% APY yield, which is partially paid out from real yield and partially from token inflation which sits at around 3%.
Final Thoughts
In conclusion, Gains Trade is a great choice for traders looking to trade cryptos and non-crypto assets on-chain with low fees and no KYC required. The exchange has deep liquidity and offers up to 150x leverage, making it an attractive choice for active traders. The addition of their staking vault also allows users to earn additional yield from the fees generated on their platform.
All-in-all, gTrade is a great choice for traders looking to trade cryptos and stocks on-chain without sacrificing security or speed.
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.
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