Decentralized buying and selling venue GTE has raised $15 million in a Sequence A spherical led by Paradigm, based on an announcement made on X.
GTE describes itself because the “world’s quickest decentralized trade,” a label typically attributed to HyperLiquid. The derivatives trade is one in all this crypto cycle’s success tales, having racked up greater than $1 trillion in cumulative buying and selling quantity in 2025, DefiLlama information exhibits.
Whereas GTE plans to rival HyperLiquid by way of velocity, it additionally desires to focus on Uniswap and Pancake Swap to make spot trades cheaper and extra environment friendly.
The GTE web site exhibits that it’ll use a central restrict order ebook to match consumers and sellers versus Uniswap’s mannequin, which includes liquidity swimming pools and an automatic market maker engine.
GTE co-founder Enzo Coglitore stated that he expects latency to rival that of Binance and Coinbase, in an interview with The Block.
Buying and selling companies have lengthy since grappled with latency points in crypto markets. Even FTX, as soon as billed because the trade constructed by merchants for merchants, had issues with excessive latency and API bugs.
The distinction between GTE and these centralized venues is that GTE can be fully non-custodial. Which means merchants can commerce belongings with out handing over custody to the trade itself, avoiding the danger of one other trade implosion like FTX.
Learn extra: Hyperliquid’s HYPE Turns into Fifth Largest Token in Futures Buying and selling
