Original source: GRVT

September 11, 2024, hybrid cryptocurrency exchange GRVT (pronounced "gravity"), the first official Validium ZK chain of ZKsync, recently announced a partnership with 16 top market makers, including Galaxy Trading Asia Limited., Ampersan, Amber Group, IMC, Flow Traders, Pulsar, QCP, Selini, etc. In addition, more than 40 institutional clients and partners have committed to provide $3.3 billion in trading volume support per month. This strategic cooperation further consolidates GRVT's position as a liquidity center and cornerstone of market stability, especially in volatile market conditions.

All of the above achievements were achieved before the launch of the GRVT mainnet (the mainnet is expected to be launched in the fourth quarter of this year), reflecting the market's high expectations and confidence in GRVT's hybrid trading model. This model has attracted much attention because it combines the efficiency of traditional finance with the secure settlement function of blockchain technology.

Currently, GRVT's public testnet is online, with more than 2.5 million users registered and waiting to use it.

Commitment to deep liquidity, market stability and trader confidence

Against the backdrop of continued market turmoil and the inherent high volatility of the crypto market, the market's demand for deep liquidity and a stable trading environment is growing.

GRVT's collaboration with industry giants enables the trading platform to handle large orders and minimize slippage, providing retail and institutional traders with tighter bid-ask spreads and lower transaction costs. These measures are essential to maintaining a stable market environment, enhancing trader confidence, and ensuring continued reliable trading activities.

Hong Yea, former Goldman Sachs executive director, GRVT co-founder and CEO, said: "We are very grateful for the trust our partners have placed in us. It is very difficult for ordinary people to make profits in the financial markets, and GRVT's vision is to create an environment where anyone can trade a variety of transactions on this platform. These partnerships are a key step in achieving our mission. We are committed to providing users with an open, trustless, self-custodial wealth platform through trading platform liquidity, smart contracts, and community distribution."

John Cahill, Chief Operating Officer of Galaxy Trading Asia Limited., said: "Platforms like GRVT combine the advantages of traditional finance and decentralized finance through innovative hybrid models, providing deep liquidity and the necessary infrastructure to ensure the efficiency and security of trading in digital asset options and other derivatives. The commitment of industry leaders and the large-scale liquidity injection highlight the opportunities in this field."

Darius Sit, founder and chief investment officer of QCP, said: "The current market urgently needs solutions to key issues such as asset security, data privacy and transaction efficiency. GRVT's solution provides a very promising direction, and we are very happy to be able to participate in the construction of a more secure and efficient ecosystem."

Christophe de la Celle, Chief Commercial Officer at Selini Capital, said: “As the decentralized exchange space rapidly develops, competition is becoming increasingly fierce. Among this group of emerging challengers in 2024, GRVT stands out, demonstrating a professional and structured approach in serving professional and retail traders. We look forward to working with GRVT and expect them to have a significant impact after they go live.”

Daniel Ku, CEO of Ampersan, said: "Decentralized exchanges will continue to play an important role in the growth of the crypto trading industry. They can diversify counterparty risk while enabling price discovery across a wide range of assets and product types. GRVT is well positioned in this scalable, high-frequency infrastructure, and Ampersan, as a key market maker, looks forward to working with GRVT to build a liquid, high-performing platform."

Martin Cheung, Head of Options Trading at Pulsar, said: "Partnering with GRVT is key to Pulsar's enhanced trading capabilities. GRVT's innovative infrastructure provides flexibility and security for our trading, which is critical in the crypto market. Joining GRVT will undoubtedly strengthen our existing strategies and help us maintain our excellent performance. Together, we will become a key force in the crypto ecosystem, driving market efficiency and growth."

Michael Lie, Global Head of Digital Assets at Flow Traders, said: “This collaboration is a milestone in our innovative development in the digital asset space. The GRVT model combines the advantages of centralized and decentralized finance, which is very important for companies like Flow Traders.

This is especially important for market makers and liquidity providers like GRVT, as we sit at the intersection of traditional and decentralized finance and understand the tradeoffs users face today. GRVT’s unique approach is an important step forward in improving user experience and accessibility.”

Hong Yea then added: “We are looking forward to GRVT’s development roadmap, and the innovation of the platform will further enhance the confidence of users and partners.”

For more information and to join the GRVT community, visit the official website.

Disclaimer: Cryptocurrencies carry a high level of risk. This content does not constitute the distribution, offer or solicitation of financial services or products, nor does it represent their suitability or legality. GRVT is not regulated and your funds are not protected by regulation. Please always seek financial and legal advice and read GRVT's Risk Disclosure and Disclaimer carefully before making any decision based on this content.

Singapore users: GRVT is not licensed, approved, authorized, designated, recognized or registered under any laws administered by the Monetary Authority of Singapore (“MAS”). Therefore, users cannot enjoy any regulatory protection provided by MAS.

About GRVT

Founded in 2022, GRVT (pronounced “gravity”) is a hybrid derivatives trading platform that provides off-chain order matching and on-chain settlement, with a transaction speed of up to 600,000 transactions per second. GRVT aims to reconstruct the global financial system through blockchain technology and create a safe, efficient, and inclusive global financial market.

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