To kick off 2025 in style, GMX is reducing trading fees across *all* markets! Starting this Monday, January 6, the open and close fees for all positions will decrease from 5 bps / 7 bps to 4 bps / 6 bps. ——— Following a successful evaluation of lower trading fees on the SOL, DOGE, and LINK markets on Arbitrum, this change is now being rolled out to all markets. The evaluation confirms that liquidity providers’ fees remained steady while traders enjoyed significantly lower open and close fees. One slight refinement is being made to the earlier changes: instead of a uniform 4.5 bps fee, a new 4 bps / 6 bps fee structure will be introduced. If a trade improves the balance between Longs and Shorts, you’ll benefit from the lower 4 basis points; otherwise, the fee will be 6 basis points. This adjustment ensures balanced open interest, which in turn keeps funding fees and price impact low. And that makes the GMX experience of lightning-fast, permissionless on-chain trading even more affordable for all users. Alongside the reduction in trading fees, liquidation fees will be updated to be 20 bps for asset-backed markets and 30 bps for synthetic markets. Together, these updates lower costs for all traders and enhance safety for liquidity providers, boosting the overall #GMX user experience. ——— Announcement on X: https://fxtwitter.com/GMX_IO/status/1874830906784952633