Singapore, Singapore, September 13th, 2024,
Chainwire
Hybrid cryptocurrency exchange GRVT (pronounced
“gravity”), ZKsync’s first official Validium ZK Chain, is thrilled
to announce its partnership with 16 leading industry market makers,
including Galaxy Trading Asia Limited., Ampersan, Amber Group, IMC,
Flow Traders, Pulsar, QCP, Selini, and more. The strategic
alliance, bolstered by a commitment of $3.3 billion in monthly
trading volume from Galaxy Trading Asia Limited., DV Chain, CMS,
and other key players, reinforces GRVT as a trusted hub of
liquidity and market stability, particularly during volatile market
conditions.
This achievement comes even before GRVT’s Mainnet launch,
scheduled for Q4 this year, underscoring the market’s high
anticipation and confidence in GRVT’s hybrid concept that combines
the efficiency of TradFi with the secure settlement of blockchain
technology.
GRVT’s Open Beta Testnet is currently live, with more than 2.5
million users registered on waitlist.
Commitment to Deep Liquidity, Market Stability and
Trader Confidence
Amid the recent turbulence and the crypto market’s inherent
volatility, the demand for deep liquidity and stable trading
environments only grows stronger each day.
GRVT’s collaboration with industry giants enables the exchange
to handle large orders with minimal slippage, delivering tighter
bid-ask spreads and lower trading costs for both retail and
institutional traders. These measures are essential in maintaining
a stable market environment, enhancing trader confidence and
ensuring continuous, reliable trading activity.
“We are deeply grateful for the trust our partners have placed
in us,” said Hong Yea, Co-Founder and CEO of GRVT. “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.”
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.”
Darius Sit, Founder and CIO of QCP, said, “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.”
Christophe de la Celle, Chief Commercial Officer at Selini
Capital, said, “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.”
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."
Martin Cheung, Head of Options Trading at Pulsar, said,
“Partnering with GRVT is an important step for Pulsar as we enhance
our trading capabilities. GRVT’s innovative infrastructure is a
refreshing complement to our trading needs, offering the agility
and security that are essential in the crypto markets. Onboarding
with GRVT will undoubtedly strengthen our existing strategies,
helping us maintain our strong track record. Together, we are
poised to become a key force within the crypto ecosystem, driving
market efficiency and growth.”
Michael Lie, Global Head of Digital Assets at Flow Traders,
commented, “This new partnership is another step forward in
increasing our proximity to innovation occurring in the digital
assets space. GRVT’s approach combines the benefits of centralized
and decentralized finance. This is particularly relevant for market
makers and liquidity providers like Flow Traders, because we’re at
the intersection of TradFi and DeFi and therefore deeply aware of
the trade-offs that users face today. GRVT’s unique approach is a
significant step forward in improving usability and accessibility
for a broad range of users.”
“As we look ahead, we’re excited about GRVT’s roadmap and the
innovative developments we have in store, which will further
strengthen our platform and continue to build confidence among our
users and partners alike.” added Yea.
For more information and to join the GRVT community, visit
grvt.io.
Disclaimer: Cryptocurrencies carry high risks. This content is
not a distribution of, or an offer or solicitation to provide,
financial services or products, nor a representation as to their
suitability or legality for you. GRVT is not a regulated entity and
your funds are not subject to regulatory protection. Before making
any decision based on this content, please seek financial and legal
advice, and carefully review GRVT’s Risk Disclosure and
Disclaimer in full.
Singapore users: GRVT is not licensed, approved, authorised,
designated, recognised, registered or otherwise regulated under any
legislation administered by the Monetary Authority of Singapore
("MAS"). As such, users will not have the benefit of any regulatory
safeguards imposed by the MAS.
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About GRVT
GRVT (pronounced “gravity”) is a hybrid derivatives exchange
enabling off-chain order matching and on-chain settlements at
600,000 TPS. Founded in 2022 and backed by Matter Labs, GRVT is
ZKsync’s first official Validium ZK Chain. Our mission is to
democratize the financial market with secure, self-custodial
solutions, providing a safe, efficient and simple trading
environment for everyone.
GRVT official website: https://grvt.io/
For media inquiries, contact: press@grvt.io
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Contact
GRVT
press@grvt.io