Hybrid Exchange GRVT Joins Forces with 16 Leading Market Makers, Eyes $3.3B Monthly Trading Volume Leading into Q4 Mainnet Debut

Singapore, September 11 , 2024 – The hybrid cryptocurrency exchange GRVT, pronounced 'gravity', GRVT is ecstatic to declare its partnership with 16 stellar market-making firms, including Galaxy Trading Asia Limited, Ampersan, Amber Group, IMC, Flow Traders, Pulsar, QCP, Selini, among others. This strategic partnership, underpinned by a staggering commitment of $3.3 billion in monthly trading volume sourced from over 40 institutional clients, solidifies GRVT's position as a reliable liquidity center and stabilizer in tumultuous market conditions. ZK Chain This milestone is particularly significant as it arrives ahead of GRVT's Mainnet launch set for Q4 this year, highlighting the robust anticipation and confidence in GRVT's unique hybrid approach that merges the effectiveness of traditional finance with the secure infrastructure of blockchain technology. 

Currently, GRVT's Open Beta Testnet is active, boasting a waitlist of over 2.5 million users.

Dedicating to Enhanced Liquidity, Market Stability, and Trader Assurance Sign up here now .

In light of the ongoing volatility within the crypto market, the necessity for enriched liquidity and reliable trading environments is more pressing than ever.

The alliance of GRVT with prominent industry players positions the exchange to execute substantial orders with minimal slippage, leading to tighter bid-ask spreads and reduced transactional costs for both retail and institutional traders. Such initiatives are essential in fostering a stable market atmosphere, boosting trader confidence, and facilitating uninterrupted trading activities.

"We sincerely appreciate the confidence our partners have placed in us,\" expressed Hong Yea, Co-Founder and CEO of GRVT. \"Navigating financial markets is no easy feat. At GRVT, we dream of an inclusive platform where anyone can trade a diverse range of assets in a single venue. These collaborations represent vital initial steps toward our vision of creating a user-friendly platform for executing investment strategies, trading, and generating wealth through self-custodial means in a decentralized, trustless ecosystem utilizing liquidity, smart contracts, and community engagement.\"

John Cahill, COO of Galaxy Trading Asia Ltd., remarked, \"Initiatives like GRVT are redefining possibilities with innovative hybrid models that intertwine the strengths of traditional finance and decentralized finance to provide the deep liquidity and critical infrastructure necessary for effective and secure trading across various digital assets and derivatives. The backing from leading market participants and the significant liquidity flowing into this domain highlight the immense potential that lies ahead.\"

Darius Sit, Founder and Chief Investment Officer of QCP, noted, \"There’s a growing demand for solutions that address critical concerns regarding asset safety, data protection, and efficient trading. GRVT’s innovative methodology presents a promising route forward, and we are eager to be part of fostering a more secure and efficient environment.\" 

Christophe de la Celle, CCO at Selini Capital, stated, \"As the DEX market rapidly transforms, competition among exceptional contenders is becoming fiercer. In the upcoming year, GRVT shines as a frontrunner in this new crop of competitors. Their strategy is both meticulous and professional, catering effectively to both retail and institutional traders. We are thrilled to collaborate with GRVT and are excited about the transformative impact they will wield upon their launch.\"

Daniel Ku, CEO of Ampersan, expressed, \"Decentralized trading platforms will remain essential in the evolution of the cryptocurrency trading landscape. They can introduce diversification of counterparty risks while still facilitating price discovery across various assets and products. GRVT is strategically placed to meet these needs through a scalable, high-frequency framework. As a primary market maker, Ampersan is eager to partner with GRVT to deliver a liquid and high-performing platform to the market.\"

Martin Cheung, Head of Options Trading at Pulsar, shared, \"Collaborating with GRVT is a significant advancement for Pulsar as we enhance our trading abilities. GRVT’s forward-thinking infrastructure perfectly complements our trading requirements, offering the flexibility and security that are indispensable in the crypto sector. Our partnership with GRVT will undeniably amplify our existing strategies, allowing us to preserve our strong performance history. Together, we aim to emerge as a pivotal force in the cryptocurrency ecosystem, fostering market efficiency and growth.\"

Michael Lie, Global Head of Digital Assets at Flow Traders, commented, \"This fresh partnership signifies another stride towards amplifying our engagement with the ongoing innovations in the digital assets realm. GRVT’s approach marries the virtues of centralized and decentralized finance, which is particularly relevant for market makers and liquidity providers like Flow Traders, as we straddle the line between traditional finance and DeFi, fully appreciating the trade-offs users are confronted with today. GRVT’s distinctive strategy represents a critical advancement in enhancing usability and accessibility for a wide array of users.\"

"Looking ahead, we are eager about GRVT’s future developments and the innovative advancements that lie ahead, which will bolster our platform and further build trust among our users and partners,\" added Yea.

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Disclaimer: The cryptocurrency market involves significant risks. This content does not constitute a distribution of, or an offer or solicitation to provide, any financial services or products, nor does it claim suitability or legality for your circumstances. GRVT is not a regulated entity; your assets are not protected under any regulatory framework. Before making financial decisions, please seek professional guidance and thoroughly review GRVT’s grvt.io .

users in Singapore: GRVT does not hold any licenses, approvals, authorizations, designations, recognitions, registrations, or other acknowledgments under any regulations enforced by the Monetary Authority of Singapore (\"MAS\"). Consequently, users will not enjoy any regulatory protections obligatory under MAS regulations. Risk Disclosure and Disclaimer in full.

Founded in 2022, GRVT (pronounced 'gravity') is a cutting-edge hybrid derivatives exchange that offers off-chain order matching and on-chain settlements, achieving an impressive 600,000 transactions per second. GRVT aspires to transform the global financial landscape by leveraging blockchain technology, empowering more individuals to create and entirely own their wealth without obstacles. Described as the 'Goldman Sachs of blockchain,' GRVT channels institutional insights into the world of decentralized finance. Our ambition is to craft an accessible and scalable marketplace—akin to the 'Amazon of DeFi'—that allows users to seamlessly engage with diverse financial products.

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