GMX wallet

What is GMX (GMX)?

Perpetual futures trading, run entirely on-chain against pooled liquidity instead of an order book, is the business GMX is in, and the GMX token is the governance and fee-facing asset of that exchange. Two things about it matter before you pick somewhere to keep it.

First, GMX is not a single deployment. It exists separately on Arbitrum and on Avalanche, with its own contract and its own balance on each. A holder with tokens on both is holding two entries, and moving between them is a bridge operation rather than a transfer. Fees follow the same split: ETH covers Arbitrum, AVAX covers Avalanche, and GMX itself never pays for gas.

Second, staked GMX is not simply a locked version of the token. Staking produces escrowed GMX, which cannot be transferred or sold and only becomes ordinary GMX through a long vesting process with conditions attached. That balance will not behave like the liquid token if you try to move it, which surprises people who assume everything shown in an app can be sent. The liquidity side of the exchange uses its own pool tokens, which are separate assets again and not the same thing as holding GMX.

Supported networks in Tangem (2): Arbitrum One, Avalanche.

Since GMX cannot be moved without the right network's coin, Tangem lets you keep that coin in the same wallet as the tokens and sign with the card held against the phone, so a transfer is one tap and not a hunt for fee funding. Keeping the fee asset and the position under one key is simply less to get wrong.