GRVT, the hybrid cryptocurrency exchange on ZKsync’s first Validium ZK Chain, secures partnerships with 16 top market makers and achieves $3.3 billion in monthly trading volume. Learn how GRVT is shaping the future of crypto trading ahead of its Q4 Mainnet launch.
GRVT, a hybrid cryptocurrency exchange powered by ZKsync’s first official Validium ZK Chain, has announced a strategic partnership with 16 prominent market makers, including Galaxy Trading Asia Limited, Ampersan, Amber Group, IMC, Flow Traders, Pulsar, QCP, Selini, and others. This collaboration brings a commitment of $3.3 billion in monthly trading volume from industry leaders like Galaxy Trading Asia Limited, DV Chain, and CMS. The partnerships highlight GRVT’s role as a reliable source of liquidity and market stability, especially in times of market volatility.
This milestone comes ahead of GRVT’s Mainnet launch, scheduled for Q4 this year, demonstrating the market’s strong interest and confidence in GRVT’s innovative approach that merges traditional finance (TradFi) efficiency with blockchain’s secure settlement technology.
GRVT’s Open Beta Testnet is currently live, with over 2.5 million users on the waitlist.
Commitment to Liquidity, Stability, and Trader Confidence
In a market characterized by volatility, the demand for deep liquidity and stable trading environments is increasingly critical. GRVT’s partnerships with industry leaders enable the platform to execute large orders with minimal slippage, offering tighter bid-ask spreads and reduced trading costs for both retail and institutional traders. These efforts are crucial in maintaining a stable trading environment, enhancing trader confidence, and ensuring consistent 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.
To learn more about GRVT and become a part of the community, visit grvt.io.
About GRVT
GRVT (pronounced “gravity”) is a hybrid derivatives exchange that combines off-chain order matching with on-chain settlements, achieving speeds of up to 600,000 transactions per second (TPS). Founded in 2022 and supported by Matter Labs, GRVT operates as ZKsync’s first official Validium ZK Chain. Our goal is to make financial markets accessible to all by offering secure, self-custodial solutions that create a safe, efficient, and user-friendly trading environment.
