Daniel Walker
Early-stage crypto investment firm Paradigm announced it has exclusively led a $15 million Series A investment in Global Token Exchange (GTE) — a revolutionary decentralized exchange (DEX) poised to compete with giants like Binance and Coinbase.
GTE aims to overcome the biggest hurdles that have long limited decentralized exchanges, including high latency, inefficiency, and the need for blind trust. Its mission is to create a seamless trading experience that delivers the same speed and precision as traditional, centralized platforms — without sacrificing decentralization.
Combining the Best of Both Worlds
GTE is built around a Central Limit Order Book (CLOB), a technology commonly used by traditional exchanges like the NYSE, but rarely implemented on decentralized platforms. According to GTE co-founder Enzo Coglitore, this allows for trades to be matched by price and time priority, making GTE as fast and reliable as mainstream platforms like Binance and Coinbase — while preserving critical benefits such as non-custodial access and permissionless trading.
“We’ve built a central limit order book that operates with the same latency as Binance or Coinbase — but still delivers the benefits of decentralization, including self-custody and permissionless access,” said Coglitore.
Reinventing the Trading Experience for Retail and Liquidity Providers
GTE’s architecture aims to solve long-standing issues that have fragmented the trading experience across countless platforms and apps. According to the founders, this approach allows traders to enjoy a seamless experience while making it harder for sophisticated actors to manipulate the market.
“What we built is like rebuilding stock exchange infrastructure from the ground up, making it ideal for both retail traders and liquidity providers,” explained Coglitore.
GTE’s other co-founder, Matteo Lunghi, emphasized the platform’s dual focus:
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Retail traders benefit from access to an unrestricted range of assets, anywhere, anytime.
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Liquidity providers can operate efficiently, reducing the risk of “toxic flow” and making price discovery more accurate.
Strong Early Traction and Investor Confidence
GTE is built exclusively on MegaETH, an EVM-compatible blockchain, providing compatibility with a huge range of Ethereum-based applications. Its testnet launch earlier this year attracted roughly 700,000 users, underscoring strong early interest and validating its core design.
The Series A raise adds to an earlier $10 million in total funding across three rounds:
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$1.5M in a pre-seed round,
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$7M in a seed round,
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$2.5M in a community-focused round via Echo.
Why GTE Could Be a Game-Changer for DeFi
According to Paradigm partners Charlie Noyes and Caitlin Pintavorn, GTE has “the right mix of team and technology” required to compete directly with centralized exchanges and top decentralized platforms like Uniswap and PancakeSwap. By combining the reliability and precision of traditional order books with the accessibility and trustlessness of DeFi, GTE aims to redefine digital trading.
With its strong backing, growing user base, and technical edge, GTE is positioned to set new standards for decentralized exchanges — making it one of the most watched projects in the crypto space.
