GRVT Partners With Top Market Makers Ahead of Mainnet Launch

GRVT Partners With Top Market Makers Ahead of Mainnet Launch

Key highlights:

  • GRVT secures partnerships with 16 market makers, including Galaxy Trading Asia and Amber Group.
  • The platform records $3.3 billion in trading volume ahead of its mainnet launch later this year.
  • GRVT offers hybrid exchange services with a blend of TradFi efficiency and blockchain security.

Singapore, September 9, 2024 – Hybrid cryptocurrency exchange GRVT, which operates on ZKsync’s first Validium ZK Chain, has secured partnerships with 16 major market makers. The platform announced the launch of its mainnet in the fourth quarter of 2024 and reports a $3.3 billion commitment in monthly trading volume from key players such as Galaxy Trading Asia Limited, CMS, and DV Chain.

These collaborations position GRVT as a major hub for liquidity and trading stability in the cryptocurrency market, even before its official launch. The exchange, which aims to combine traditional finance efficiency with blockchain-based settlement, is generating significant interest from both institutional and retail traders. Its Open Beta Testnet is already live, with more than 2.5 million users registered on the waitlist.

Focus on liquidity and stability

In a period marked by market volatility, GRVT’s focus on deep liquidity and stability is drawing attention. By working with established market makers, the platform is ensuring tighter bid-ask spreads, lower trading costs, and minimal slippage for traders. These features aim to improve trader confidence and maintain consistent market activity.

“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.” —Hong Yea, Co-Founder and CEO of GRVT

John Cahill, Chief Operating Officer at Galaxy Trading Asia Ltd., praised GRVT’s hybrid approach, highlighting its ability to integrate the strengths of traditional and decentralized finance. He emphasized that GRVT is offering the infrastructure needed for efficient trading across various digital assets.

Support from key industry players

Several industry leaders have voiced their support for GRVT’s upcoming launch. Darius Sit, Founder and CIO of QCP, noted the platform’s potential to address challenges in asset safety and data privacy. Similarly, Christophe de la Celle, Chief Commercial Officer at Selini Capital, pointed out GRVT’s strong focus on catering to both retail and professional traders in a rapidly evolving market.

As part of the collaboration, Daniel Ku, CEO of Ampersan, acknowledged the growing role of decentralized platforms in the crypto industry and emphasized GRVT’s ability to offer scalability and high-frequency infrastructure. Market maker Pulsar also sees the partnership as an opportunity to improve its trading strategies through GRVT’s innovative infrastructure.

Flow Traders, represented by Global Head of Digital Assets Michael Lie, highlighted the platform’s relevance for market makers and liquidity providers. Lie mentioned that GRVT’s combination of centralized and decentralized finance makes it a significant step toward improving usability and access for a broad range of users.

Conclusion

With strong backing from leading market makers and significant trading volume already flowing through the platform, GRVT will make a major impact in the cryptocurrency space. As the mainnet launch approaches, the platform’s focus on liquidity, security, and efficient trading is expected to resonate with both institutional and retail users alike.

Source: https://coincodex.com/article/46275/grvt-partners-with-top-market-makers-ahead-of-mainnet-launch/