Decentralized trading site GTE has collected $ 15 million in a Serie A round led by paradigm, according to a message of X.
GTE describes itself as the “fastest decentralized exchange of the world”, a label often attributed to hyperliquid. The Derivatives Exchange is one of this Crypto cyclud’s success stories, after gathering more than $ 1 trillion in cumulative trading volume in 2025, Defillama shows.
While GTE is planning to compete with hyperliquid in terms of speed, it also wants to target Uniswap and Pancake Swap to make SPOT is cheaper and more efficient.
The GTE website shows that it will use a central border order book to match buyers and sellers as opposed to Uniswap’s model involving liquidity pools and an automated market manufacturer engine.
GTE co-founder Enzo Coglitore said he expects Latency to compete with Binance and Coinbase in an interview with the block.
Trade companies have long gone with latency problems in crypto markets. Even FTX, once invoiced as an exchange built by dealers for dealers, had problems with high latency and API bugs.
The difference between GTE and these centralized venues is that GTE will be completely non-parenting authority. This means that dealers can trade with assets without transferring the self -business to the exchange itself and avoiding the risk of another exchange implosion such as FTX.
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