Paradigm, a top crypto venture firm, just led GTE’s Series A. This funding round totaled $15 million. Global Token Exchange (GTE) is a decentralized exchange startup.
It holds huge ambition. GTE aims to outcompete massive centralized platforms. Think Binance or Coinbase.
Unprecedented Speed and Decentralization
GTE’s founders declare it “the world’s fastest decentralized exchange.” They built a central limit order book. This system updates instantly. Its latency matches industry leaders. Yet, GTE stays fully decentralized. Users maintain non-custodial control. The platform remains permissionless and composable. Co-founder Enzo Coglitore highlighted these features.
Solving Crypto’s Core Dilemmas
GTE tackles key crypto issues. Centralized exchanges demand “blind trust.” GTE removes this need. Traditional DEXs suffer slow speeds. They also have high transaction costs. GTE remedies both problems. “Legacy blockchains fragmented user behavior,” Coglitore explained. GTE redesigned the entire stack. This creates a smooth trading experience.
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Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/paradigm-backs-gte-fastest-dex-rivals-centralized-giants/