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In a significant move shaking up the cryptocurrency landscape, GRVT—a trailblazing hybrid exchange powered by ZKsync—has quickly become a preferred platform for traders seeking the benefits of both centralized and decentralized finance (CeFi and DeFi).
With the backing of 16 prominent market makers, including top names like Galaxy Trading Asia Limited., Ampersan, Amber Group, and Flow Traders, GRVT is solidifying its reputation as a liquidity hub. The platform boasts an impressive $3.3 billion in committed monthly trading volume, sourced from over 40 institutional clients, and this momentum continues to build as GRVT prepares for its much-anticipated Mainnet launch in Q4 2024. For a glimpse of what industry leaders are saying, click here.
“A pressing need has emerged for solutions that address critical issues in asset safety, data privacy and trading efficiency. GRVT’s approach offers a very promising path forward and we are thrilled to be part of the development of a more secure and efficient ecosystem.” Darius Sit, Founder and CIO of QCP, commented.
Daniel Ku, CEO at Ampersan, said, “Decentralised trading platforms will continue to be an important part in the growth of the crypto trading industry. They can bring diversification of counterparty risks while still allowing price discovery across many assets and product types. GRVT is well-positioned to address these needs within a scalable, high-frequency infrastructure. As a key market maker, Ampersan is excited to collaborate with GRVT in bringing a liquid and performant platform to the market.”
What sets GRVT apart isn’t just its liquidity and institutional support—it’s the platform’s ambitious goal: to redesign the global financial system with blockchain technology as the backbone. GRVT addresses long-standing challenges that both centralized and decentralized exchanges (CEXs and DEXs) have been unable to fully resolve.
The platform targets four primary pain points: the default risk of centralized exchanges, the hacking vulnerabilities and complex user interfaces of decentralized platforms, and the ever-present regulatory risks.
By utilizing blockchain settlement and margin management, GRVT eliminates default risk, ensuring that users retain full control over their funds. To bolster security, the platform combines traditional security protocols with cutting-edge Web3 features such as passwords, two-factor authentication (2FA), access controls, and whitelisting to minimize exposure to threats.
Additionally, GRVT operates on a private chain, significantly reducing the smart contract risks typically associated with public blockchains.
“One of the biggest challenges for DEXs today is their complicated user experience compared to centralized platforms,” said Hong Yea, GRVT’s co-founder and former Goldman Sachs trader. “We aim to make the experience on GRVT as intuitive as using traditional Web2 platforms by lowering the learning curve for users.”
To overcome these hurdles, GRVT is introducing several innovative features:
- Gas-less Deposit: This allows users to deposit assets without worrying about blockchain transaction fees, replicating the ease of depositing on a centralized exchange.
- Native Wallet: GRVT’s integrated wallet eliminates the need for third-party solutions like MetaMask, simplifying the onboarding process for new users.
- Gas-less Trading: Users can execute trades on the platform without incurring gas fees, enhancing accessibility and affordability.
- Sub-Account Trading: Traders can manage multiple accounts seamlessly, a feature commonly found on centralized exchanges.
- Instant Finality: GRVT aims to achieve trade finality in single-digit milliseconds, compared to the 100 milliseconds common on most DEXs. This is vital for high-frequency traders who rely on split-second execution.
- Multiple On-Ramping Options: GRVT will offer both decentralized and centralized methods for depositing assets. Partnering with XY Finance, the platform will enable seamless transfers from major platforms like Binance and Coinbase.
When it comes to regulatory risks, GRVT is proactive. The platform is designed to operate in full compliance with evolving regulations, ensuring it avoids the legal and operational uncertainties that have plagued some competitors. By seeking licenses and maintaining compliance from the outset, GRVT is positioning itself for long-term success in a rapidly shifting regulatory environment.
GRVT isn’t just another exchange; it’s a fully accessible financial ecosystem designed for everyone. Backed by some of the most reputable market makers, GRVT ensures deep liquidity and market stability, even during volatile conditions. The platform’s hybrid exchange model, offering deep liquidity, lightning-fast execution, and tighter spreads, delivers an unmatched level of market efficiency.
The clock is ticking, the market is poised, and GRVT’s Mainnet launch is just around the corner. Now is the perfect time to become part of this revolutionary platform’s journey.
GRVT’s Open Beta Testnet is currently live, with over 2.5 million users already registered on the waitlist. Don’t miss out on rewards from a 2.4 million $ZK token pool and 600,000 raffle tickets—sign up here!
