GTE Secures $15 Million Series A from Paradigm to Build the World’s Fastest Decentralized Exchange

Global Token Exchange (GTE), a next-generation decentralized trading platform, has successfully raised $15 million in a Series A funding round from Paradigm. Announcing the news via X on June 23, GTE emphasized its ambition to surpass current industry benchmarks. “We’re not satisfied with being fast — we want to be the fastest,” the team stated.

GTE’s growth is backed by a strong fundraising history:

• Pre-Seed Round: Raised $1.5 million from undisclosed investors.

• Seed Round: Raised $6.94 million from GSR, Maven 11 Capital, Robot Ventures, Wintermute, and 24 additional investors.

• ICO: Raised $2.5 million in a one-day token sale via the Echo platform.

Founded in 2024 and incubated by MegaETH Labs, GTE is building a decentralized exchange that combines the speed of centralized exchanges (CEXs) with the security and transparency of DeFi. As a fully non-custodial platform, GTE allows traders to maintain control of their assets at all times, minimizing custody-related risks associated with centralized platforms where user funds are held by the exchange

According to an interview with The Block, GTE co-founder Enzo Coglitore explained that GTE has developed a central limit order book (CLOB) with latency on par with Binance and Coinbase, while fully preserving decentralization, including non-custodial asset control, composability, and permissionless access.

Built on MegaETH, GTE’s CLOB ensures all trades are publicly verifiable, providing transparency that contrasts with the opaque practices of centralized exchanges and the validator-driven order flows used by platforms like Hyperliquid.

The Road Ahead

Backed by high-profile investors and growing community support, GTE is positioning itself as a serious challenger to major players like HyperLiquid, Binance and Coinbase. With its sights set on becoming the fastest decentralized exchange on the market, GTE’s progress will be closely watched as it continues to reshape the landscape of crypto trading.