GTE Raises $15 Million in Series A Round Led by Paradigm
Decentralized trading venue GTE has raised $15 million in a Series A funding round led by Paradigm. Key points include:
- GTE claims to be the fastest decentralized exchange, aiming to compete with HyperLiquid.
- It achieved over $1 trillion in cumulative trading volume in 2025.
- GTE plans to target Uniswap and PancakeSwap for more efficient spot trading.
- The platform will utilize a central limit order book instead of liquidity pools.
- Co-founder Enzo Coglitore expects latency comparable to Binance and Coinbase.
- GTE operates on a non-custodial model, allowing users to trade without relinquishing asset custody.
This non-custodial approach aims to mitigate risks associated with centralized exchanges.