Crypto Exchange GMX Proposes Deployment on Coinbase's Base Blockchain

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Crypto Exchange GMX Proposes Deployment on Coinbase's Base Blockchain
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Decentralized derivatives exchange GMX_IO has a governance proposal weighing up whether it should be deployed on coinbase's layer 2 blockchain Base. By oknightcrypto.

Whilst the majority of GMX forum users were in favor of the exchange becoming a"first mover" on Base, others had concerns over whether the project's pseudonymous founders would need to submit identification documents to Coinbase in line with anti-money laundering regulations., Coinbase CEO Brian Armstrong hinted at there being KYC restrictions when the blockchain goes live.

The GMX token, native token of the GMX exchange, is trading at $77.25 at press time having increased by 88.48% since the turn of the year, according to

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