gTrade rolls out major v10 update with advanced features for pro traders

• Gains Network has launched its v10 update that supports high-leverage trading of crypto and traditional markets.
• The upgrade comes with new features such as a new funding fee mechanism that improves scalability.
• The company believes the new system will open its markets to more advanced users such as swing traders, arbitrageurs, and market makers.

gTrade has completed its major v10 update that supports high-leverage trading of cryptocurrencies and traditional markets. The perpetual decentralized exchange also revealed that the protocols upgrade will introduce a flurry of new features and performance enhancements.

Gains Network revealed that the v10 upgrade comes with new features, such as a new funding fee mechanism. According to the firm, the model also offers better capabilities than its predecessorl.

V10 was built to improve gTrades scalability and enhance user experience by mitigating the chances of traders hitting open interest caps. The company believes the new system will open its markets to more advanced users such as swing traders, arbitrageurs, and market makers.

gTrade hopes new update will bolster its DEX capabilities

gTrade believes that the new updates will bolster its DEX capabilities to offer leveraged trading for tech stocks, forex, commodities, and crypto. The update will offer users access to dozens of traditional markets, including indices and precious metals, as well as over 240 digital currencies.

The omnichain platform said the v10 upgrade, together with the expansion into other markets, will allow integrators to build advanced trading solutions. Features like high open interest limits and funding fee capabilities will be available for gTrades partners like Volmex Finance, Bifrost, and Symphony. The upgrade will also allow traders to hedge positions and use cross-market strategies, while harnessing a resource-productive liquidity feature.

-Seb, Founder of gTrade.

The company plans to launch a $200,000 trading competition in August to celebrate the launch of gTrade v10. The firm hopes the initiative will incentivize traders to experience the platforms new mechanics and features firsthand.

gTrade added that the competition will drive greater volume and reward top traders. The competition will be available on multiple networks on gTrader, including Arbitrum, Base, Solana, and Polygon.

V10 gives traders access to funding fees with better incentives

The DEX firm said the v10 release will transform it into a scalable, general-purpose perpetual decentralized platform. Traders get access to funding fees with strong incentives to balance gTrades open interest.

The new features capabilities for arbitrage trading will allow traders to execute counter trades. They will also receive perpetual pricing with price discovery similar to centralized exchanges.

gTrades argued that adding new features, coupled with improved UX, will help it reach higher volumes and revenue growth while reinforcing the deflationary GNS token model. The firm currently has a total of $100B of lifetime volume and $60M in revenue.

The trading platform said its update will also provide ultra-high leverage and zero-slippage execution on major pairs. According to gTrade, v10 boosts these capabilities, establishing itself as a futures exchange serving retail and professional traders.