In a major development that’s sending ripples through the crypto world, GRVT—an innovative hybrid exchange powered by ZKsync—is rapidly becoming the go-to platform for traders seeking the best of both centralized and decentralized finance.
Backed by 16 top-tier market makers, including industry heavyweights like Galaxy Trading Asia Limited., Ampersan, Amber Group, and Flow Traders, GRVT is securing its place as a liquidity powerhouse. With a staggering $3.3 billion committed in monthly trading volume, sourced from over 40 institutional clients, this platform has already captured the attention of those who know the market best. And this is all happening before its highly anticipated Mainnet launch in Q4 2024. See what the industry leaders say about GRVT here.
John Cahill, Chief Operating Officer at Galaxy Trading Asia Ltd., said, “Platforms like GRVT are pushing the boundaries with innovative hybrid models that blend the strengths of TradFi and DeFi to offer deep liquidity and crucial infrastructure needed for efficient, secure trading across digital asset options and other derivatives. The commitment from leading industry players and the substantial liquidity being channeled into this space underscore the vast opportunities ahead.”
“With the DEX landscape rapidly evolving, the competition among some remarkable incumbents is intensifying. Among the 2024 cohort of new challengers, GRVT stands out as a leader. Their approach is both professional and well-structured, with a strong focus on catering to both professional and retail traders. We are excited to partner with GRVT and look forward to the significant impact they will have upon their launch.” Christophe de la Celle, Chief Commercial Officer at Selini Capital, commented.
What makes GRVT stand out isn’t just the market makers or the volume—it’s the platform’s vision: redesign the global financial system with blockchain at its core. GRVT is solving the pain points that both CEXs and DEXs have struggled with for years.
There are four key issues that GRVT aims to tackle: default risks of CEXs, hacking risks and difficult UI/UX of DEXs, and regulatory risks.
Blockchain settlement and margin management eliminate default risk, ensuring that control of user funds remains in the hands of the individual. GRVT implements traditional security standards alongside web3 security features, such as passwords, two-factor authentication, access rights, and whitelisting, to minimize vulnerabilities.
In addition, GRVT is built on a private chain, which further reduces the common smart contract risks associated with public chains.
“One of the biggest challenges facing DEXs today is their lack of user-friendliness compared to centralized platforms, as users are required to learn and navigate blockchain-native features,” said Hong Yea, the ex-Goldman Sachs trader who co-founded GRVT. “GRVT aims to simplify this user journey by flattening the learning curve and making the experience as seamless as traditional Web2 platforms.”
To address these pain points, GRVT is offering the following features:
- Gas-less Deposit: Seamless deposit mechanism that mirrors the experience users have on CEXs. This innovative feature streamlines the user experience by removing the need to interact with blockchain transaction fees, making the deposit process as straightforward and efficient as on traditional centralized platforms.
- Native Wallet: GRVT will launch its native wallet embedded through the registration process, there’s no need for users to hold or register wallets like MetaMask.This simplifies the onboarding process for new traders, enabling even those with limited experience to start trading easily
- Gas-less Trading: On GRVT, users have the ability to trade without the burden of gas fees. This means that users can execute trades without incurring the additional cost typically associated with blockchain transactions.
- Sub-Account Trading – This feature allows traders to manage multiple accounts seamlessly, similar to what is typically found on centralized exchanges.
- Instant Finality – While most DEXs take up to 100 milliseconds to finalize trades, GRVT targets a trade finality time of single-digit millisecond. This is crucial for high-frequency traders and those seeking a smooth trading experience.
- Multiple On-Ramping Options – To enhance accessibility, GRVT will offer both decentralized and centralized exchange-style deposit methods. The team is collaborating with XY Finance, a leading cross-chain aggregator that operates on 17+ EVM chains, to provide users with an easy-to-use address system, allowing seamless transfers from centralized platforms like Binance and Coinbase.
Regarding the fourth major risk identified – regulatory risks, the focus is on two key aspects: ensuring the exchange is compliant to protect users from bad actors, and operating legally without the risk of forced closure by governments. As various jurisdictions move towards clearer regulatory guidelines and frameworks, GRVT recognizes this as the future trend. Consequently, the decision was made to seek licenses and maintain full compliance from the outset.
GRVT isn’t just offering another exchange, it’s building an accessible financial marketplace for everyone. With the support of the most respected market makers ensuring deep liquidity and market stability—even in the face of volatility—GRVT is poised to become a game-changer. Starting with a hybrid exchange, the platform’s combination of liquidity, lightning-fast order execution, and tighter spreads promises a level of market efficiency that few can match.
The stage is set, the players are ready, and the market is watching—now is the time to be part of GRVT’s groundbreaking journey before its Q4 Mainnet launch. Don’t let this moment pass you by.
GRVT’s Open Beta Testnet is currently live, with more than 2.5 million users registered on waitlist. Join now for rewards from a 2.4M $ZK token pool and 600,000 raffle tickets, sign up here!