Originally published on: September 09, 2024
In an exciting development, GRVT, the hybrid crypto exchange, has inked a contractual agreement to handle $3.3 billion in monthly trading volume leading up to its much-anticipated mainnet launch.
Renowned market makers like Galaxy Trading Asia, DV Chain, CMS, and several others have committed to facilitating this massive monthly trading volume on a consistent basis, demonstrating confidence in GRVT’s capabilities. According to Hong Yea, GRVT’s co-founder and CEO, the exchange’s hybrid technological stack played a crucial role in securing this significant achievement.
Yea highlighted GRVT’s unique value proposition over centralized exchanges in a recent interview with Cointelegraph, emphasizing how the platform aims to provide a seamless user experience akin to traditional finance while leveraging the security of blockchain technology.
The impressive commitment from market makers comes as GRVT prepares for its mainnet launch scheduled for the fourth quarter of 2024. By combining the efficiency of traditional finance with the security of blockchain, GRVT is set to revolutionize the trading experience for cryptocurrency enthusiasts.
Moreover, the platform has garnered strategic commitments from 16 leading crypto market makers, including Galaxy Trading Asia, Ampersan, Amber Group, IMC, and others. This extensive collaboration underscores GRVT’s vision of creating an all-in-one trading platform that caters to the diverse needs of its user base.
With over 2.5 million registered users eagerly awaiting its official launch, GRVT is poised to make a significant impact in the crypto space. While the $3.3 billion monthly trading volume is an impressive feat for a hybrid exchange, it pales in comparison to industry giants like Binance, which surpassed $484 billion in monthly trading volume in August.
As GRVT gears up for its mainnet launch, the crypto community is eagerly anticipating the innovative solutions and seamless trading experience the exchange promises to deliver. Stay tuned for more updates on GRVT’s journey to revolutionize the cryptocurrency trading landscape.
