Is GMX custodial? Who holds your funds?
No. GMX is listed as non-custodial: your funds stay in a wallet you control, not with the venue.
Checked 2026-10-17 · 3 sources- Trades settle peer-to-pool through smart contracts; GMX.io states it has no custody of user funds or private keys. An optional GMX Account holds a trading balance on Arbitrum funded from other chains.
- Non-custodial does not mean risk-free. Smart-contract bugs, phishing and malicious approvals can still lose funds.
- We list 1 reported incident for GMX on its legit check.
Sources: GMX Docs - Fees · GMX Docs - Referrals · GMX Docs - Intro. The venue's own page wins if it disagrees with ours.
GMX
Perp DEX · 0.12% round trip. GMX is a decentralized spot and perpetuals exchange on Arbitrum, Avalanche and MegaETH, with 100+ crypto and TradFi markets and up to 100x leverage. Trades execute against GM and GLV liquidity pools at Chainlink oracle prices rather than an order book.
Full GMX sheet: fees, custody, incidents →