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Gains Trade Review

Gains Trade Review

Adrian Graham
Fact Checked
Nov 19, 2022

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.

Table of Contents

Gains Trade Review Highlights

Platform Highlights

  • 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.

Gains Trade User Interface
Gains Trade User Interface.

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.

Asset Class Asset
Crypto BTC/USD
Crypto ETH/USD
Crypto LINK/USD
Crypto DOGE/USD
Crypto MATIC/USD
Crypto ADA/USD
Crypto SUSHI/USD
Crypto AAVE/USD
Crypto ALGO/USD
Crypto BAT/USD
Crypto COMP/USD
Crypto DOT/USD
Crypto EOS/USD
Crypto LTC/USD
Crypto MANA/USD
Crypto OMG/USD
Crypto SNX/USD
Crypto UNI/USD
Crypto XLM/USD
Crypto XRP/USD
Crypto ZEC/USD
Forex EUR/USD
Forex USD/JPY
Forex GBP/USD
Forex USD/CHF
Forex AUD/USD
Forex USD/CAD
Forex NZD/USD
Forex EUR/CHF
Forex EUR/JPY
Forex EUR/GBP
Crypto LUNA/USD
Crypto YFI/USD
Crypto SOL/USD
Crypto XTZ/USD
Crypto BCH/USD
Crypto BNT/USD
Crypto CRV/USD
Crypto DASH/USD
Crypto ETC/USD
Crypto ICP/USD
Crypto MKR/USD
Crypto NEO/USD
Crypto THETA/USD
Crypto TRX/USD
Crypto ZRX/USD
Crypto SAND/USD
Crypto BNB/USD
Crypto AXS/USD
Crypto GRT/USD
Crypto HBAR/USD
Crypto XMR/USD
Crypto ENJ/USD
Crypto FTM/USD
Crypto FTT/USD
Crypto APE/USD
Crypto CHZ/USD
Crypto SHIB/USD
Stock AAPL/USD
Stock FB/USD
Stock GOOGL/USD
Stock AMZN/USD
Stock MSFT/USD
Stock TSLA/USD
Stock SNAP/USD
Stock NVDA/USD
Stock V/USD
Stock MA/USD
Stock PFE/USD
Stock KO/USD
Stock DIS/USD
Stock GME/USD
Stock NKE/USD
Stock AMD/USD
Stock PYPL/USD
Stock ABNB/USD
Stock BA/USD
Stock SBUX/USD
Stock WMT/USD
Stock INTC/USD
Stock MCD/USD
Stock META/USD
Stock GOOGL_1/USD

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.

gTrade
gTrade Powered by Maker, Polygon and Chainlink.

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.

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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