Arthur Hayes sells $9.6m of GMX as newer protocols eat market share with point systems

Retrieved on: 2024-04-08 21:30:47

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Arthur Hayes sells $9.6m of GMX as newer protocols eat market share with point systems. View article details on HISWAI: https://www.dlnews.com/articles/defi/bitmex-co-founder-arthur-hayes-sells-96-million-of-gmx/

Summary

Arthur Hayes, co-founder of BitMEX, sold his stake in GMX, a crypto futures exchange, for profit amidst underperformance of GMX's token despite high volumes in decentralized derivatives exchanges, attributed to newer platforms offering incentive points.

Article found on: www.dlnews.com

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