Why Industry Giants are Investing in a Hybrid Exchange Launched by a Former Goldman Trader

In an impactful development for the crypto ecosystem,
GRVT
—an innovative hybrid exchange with ZKsync integration—has emerged as a sought-after venue for traders seeking the best elements of centralized and decentralized financial systems (CeFi and DeFi).

Backed by 16 influential market makers, such as Galaxy Trading Asia Limited., Ampersan, Amber Group, and Flow Traders, GRVT is cultivating a robust reputation as a wellspring of liquidity. The platform commands an astounding $3.3 billion in agreed-upon monthly trading volume, coming from more than 40 institutional participants, with growing momentum as GRVT ramps up for its highly-anticipated Mainnet release in Q4 2024. To see comments from the leaders in the industry,
click here
.

“The critical issues of asset security, data privacy, and trading effectiveness demand solutions. We are excited to participate in the advancement of a safer, more efficient ecosystem through GRVT’s approach,” stated Darius Sit, Founder and CIO of QCP.

Daniel Ku, CEO of Ampersan, remarks, “Decentralised trading venues are vital for the crypto trading sector’s expansion. They offer diversified counterparty risk and facilitate price discovery across various assets and products. With a scalable, high-frequency setup, GRVT is aptly geared to fulfill these needs. Ampersan looks forward to contributing to the growth of a liquid and effective market alongside GRVT.”

GRVT distinguishes itself not only by its liquidity and institutional backing but also through its ambitious mission—to rebuild the global financial system on the foundation of blockchain technology. GRVT rises to challenges that both centralized and decentralized exchanges (CEXs and DEXs) have faced without full resolution.

The platform targets four fundamental concerns: the inherent default risk of centralized exchanges, the susceptibility to hacking and complex interfaces of decentralized platforms, plus the omnipresent risks of regulation.

Leveraging blockchain-based settlement and margin management, GRVT nullifies default risk, allowing users to maintain complete control over their assets. The platform fortifies security through traditional protocols and modern Web3 functionalities, including passwords, two-factor authentication (2FA), access restrictions, and whitelists to mitigate threats.

GRVT employs a private chain, significantly diminishing the smart contract risks associated with public blockchains.

“Decentralized exchanges often suffer from complex user experiences compared to their centralized counterparts,” mentions Hong Yea, co-founder of GRVT and former Goldman Sachs trader. “Our goal with GRVT is to streamline the user experience to be as intuitive as that of traditional Web2 services, lowering the entrance barrier for our users.”

GRVT introduces several innovative features to navigate these challenges:

1. No-Gas Deposits: Users can transfer assets without the concern of blockchain network fees, mirroring the deposit simplicity seen in centralized exchanges.
2. Built-In Wallet: The integration of GRVT’s own wallet negates the requirement for external wallets like MetaMask, easing the initiation for newcomers.
3. Zero Gas Trading: The platform facilitates trading without incurring gas expenses, promoting accessibility and cost-effectiveness.
4. Multiple Account Management: This feature enables traders to handle several accounts effortlessly, a common utility on centralized platforms.
5. Immediate Settlement: GRVT strives to reach trade finality in
   milliseconds
   , compared to the several hundred milliseconds typical on many DEXs, crucial for high-frequency traders.
6. Diverse Funding Options: GRVT will support both decentralized and centralized forms of depositing assets, teaming up with XY Finance to facilitate easy transfers from significant platforms like Binance and Coinbase.

GRVT takes a proactive stance on regulatory risks. The platform is designed to operate within the confines of shifting regulations, keeping clear of the legal and operational uncertainties that competitors have encountered. By pursuing licenses and ongoing compliance, GRVT is strategizing for sustainable success in the ever-changing regulatory landscape.

GRVT is more than an exchange; it’s an inclusive financial ecosystem intended for widespread use. Supported by premier market makers, GRVT promises profound liquidity and market stability, even in turbulent times. With its hybrid exchange model offering extensive liquidity, rapid execution, and competitive spreads, GRVT delivers exceptional market efficiency.

As the Mainnet launch of GRVT draws near, with the market in anticipation, now is an ideal moment to join the evolution of this groundbreaking platform.

The GRVT Open Beta Testnet is now live, with over 2.5 million individuals lined up on the waitlist. Don’t miss out on the chance to claim rewards from a pool of 2.4 million $ZK tokens and 600,000 raffle tickets—
register here
!