GRVT teams up with leading industry makers and secures over $3 billion in monthly volume 
Cryptocurrency Sep 9, 2024 Share
GRVT, a hybrid cryptocurrency exchange and the first official Validium ZK Chain on ZKsync, has announced strategic partnerships with 16 leading industry market makers, as disclosed to Finbold on Monday, September 9.
The new partnerships have helped GRVT secure $3.3 billion in monthly trading volume, contributed to by heavyweights like Galaxy Trading Asia Limited, DV Chain, and CMS.
This milestone firmly positions GRVT as a cornerstone of liquidity and market stability, even amid crypto market volatility.
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Launch of the GRVT mainnet
GRVT has gained significant traction with its mainnet scheduled for Q4 2024.
The exchange’s hybrid model, which combines the efficiency of traditional finance (TradFi) with the security of blockchain, has generated substantial market anticipation.
Namely, GRVT’s Open Beta Testnet is currently live, with over 2.5 million users registered on the waitlist.
As the demand for deep liquidity and stable trading environments continues to grow, GRVT’s collaboration with industry giants is set to benefit both retail and institutional traders with minimal slippage, tighter bid-ask spreads, and reduced trading costs.
Hong Yea, Co-Founder and CEO of GRVT, expressed gratitude for the trust GRVT’s partners have put in the platform, stating:
“We are deeply grateful for the trust our partners have placed in us. Making money in financial markets is challenging. GRVT envisions a platform where anyone can trade anything in one place. These collaborations are one of the very first and critical steps towards our mission to offer a convenient and efficient platform for deploying investment strategies, trading, and generating self-custodial wealth in an open, trustless environment through exchange liquidity, smart contracts, and community distribution.”
Other industry leaders echoed similar sentiments. Darius Sit, Founder and CIO of QCP, praised GRVT’s approach to addressing critical issues in privacy and trading efficiency, while Christophe de la Celle, Chief Commercial Officer at Selini Capital, emphasized GRVT’s focus on both professional and retail traders.
Likewise, Daniel Ku, CEO of Ampersan, highlighted the importance of decentralized trading platforms in diversifying counterparty risks while maintaining price discovery, while Martin Cheung, Head of Options Trading at Pulsar, noted that partnering with GRVT enhances their trading capabilities, offering the agility and security essential in the crypto markets.