Hybrid Change GRVT Secures 16 Prime Market Makers and $3.3B Month-to-month Quantity Forward of This fall Mainnet Launch

Singapore, September 12, 2024 – Hybrid cryptocurrency change GRVT (pronounced “gravity”), ZKsync’s first official Validium ZK Chain, is thrilled to announce its partnership with 16 main trade market makers, together with Galaxy Buying and selling Asia Restricted., Ampersan, Amber Group, IMC, Move Merchants, Pulsar, QCP, Selini, and extra. The strategic alliance, bolstered by a dedication of $3.3 billion in month-to-month buying and selling quantity from over 40 institutional purchasers, reinforces GRVT as a trusted hub of liquidity and market stability, notably throughout unstable market circumstances.

This achievement comes even earlier than GRVT’s Mainnet launch, scheduled for This fall this yr, underscoring the market’s excessive anticipation and confidence in GRVT’s hybrid idea that mixes the effectivity of TradFi with the safe settlement of blockchain know-how. 

GRVT’s Open Beta Testnet is at present reside, with greater than 2.5 million customers registered on waitlist. Enroll right here now.

Dedication to Deep Liquidity, Market Stability and Dealer Confidence

Amid the latest turbulence and the crypto market’s inherent volatility, the demand for deep liquidity and steady buying and selling environments solely grows stronger every day.

GRVT’s collaboration with trade giants permits the change to deal with giant orders with minimal slippage, delivering tighter bid-ask spreads and decrease buying and selling prices for each retail and institutional merchants. These measures are important in sustaining a steady market setting, enhancing dealer confidence and making certain steady, dependable buying and selling exercise.

“We are deeply grateful for the trust our partners have placed in us,” stated 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 Working Officer at Galaxy Buying and selling Asia Ltd., stated, “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, stated, “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 Industrial Officer at Selini Capital, stated, “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, stated, “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 Choices Buying and selling at Pulsar, stated, “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, World Head of Digital Property at Move Merchants, 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 extra data and to affix the GRVT group, go to grvt.io.

Disclaimer: Cryptocurrencies carry excessive dangers. This content material will not be a distribution of, or a proposal or solicitation to supply, monetary providers or merchandise, nor a illustration as to their suitability or legality for you. GRVT will not be a regulated entity and your funds should not topic to regulatory safety. Earlier than making any resolution based mostly on this content material, please search monetary and authorized recommendation, and punctiliously evaluate GRVT’s Threat Disclosure and Disclaimer in full.

Singapore customers: GRVT will not be licensed, authorized, authorised, designated, recognised, registered or in any other case regulated beneath any laws administered by the Financial Authority of Singapore (“MAS”). As such, customers is not going to benefit from any regulatory safeguards imposed by the MAS.

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About GRVT

GRVT (pronounced “gravity”) is a hybrid derivatives change based in 2022, providing off-chain order matching and on-chain settlements at a formidable 600,000 TPS. GRVT’s imaginative and prescient is to reinvent the worldwide monetary system from its core by leveraging blockchain know-how, giving extra individuals the ability to generate and totally personal their wealth with out limitations. Because the “Goldman Sachs of blockchain,” GRVT brings institutional experience to decentralized finance. Our objective is to construct an open, scalable market—akin to the “Amazon of DeFi”—the place people can simply entry monetary merchandise.

GRVT official web site: https://grvt.io/ 

For media inquiries, contact: [email protected] 

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