As a seasoned analyst with over two decades of experience in the financial industry, I must admit that I am thoroughly impressed by GRVT’s strategic moves and partnerships. Having witnessed numerous cryptocurrency projects come and go, it is refreshing to see a hybrid exchange like GRVT gaining traction before even its mainnet launch.
Singapore, Singapore, September 13th, 2024, Chainwire
GRVT, the first official ZK Chain by ZKsync (often referred to as “gravity”), is excited to reveal its partnership with 16 prominent market makers in the industry, such as Galaxy Trading Asia Limited., Ampersan, Amber Group, IMC, Flow Traders, Pulsar, QCP, Selini, and more. This strategic alliance, backed by a pledged $3.3 billion in monthly trading volume from significant contributors like Galaxy Trading Asia Limited., DV Chain, CMS, and others, solidifies GRVT as a reliable source of liquidity and market stability, especially during turbulent market periods.
Before the planned launch of GRVT’s Mainnet in Q4 this year, they have already managed to achieve this milestone. This early success reflects the significant market excitement and trust in GRVT’s innovative hybrid model that merges the efficiency of traditional finance with the secure transactional properties of blockchain technology.
GRVT’s open beta test network is now active, boasting over 2.5 million individuals who have signed up on the waiting list.
Commitment to Deep Liquidity, Market Stability and Trader Confidence
In these times of market rollercoasters and cryptocurrency’s characteristic volatility, my need for robust liquidity and tranquil trading platforms escalates with each passing day.
Working together with major players in the industry, GRVT facilitates managing larger trades with reduced price discrepancies, offering narrower bid-ask gaps and cheaper transaction costs for both individual and institutional traders. These steps are crucial for preserving a steady market atmosphere, boosting trader trust, and guaranteeing consistent, dependable trading actions.
Hong Yea, Co-Founder and CEO of GRVT, expressed heartfelt appreciation for the faith shown by their partners. ‘Navigating financial markets is tough,’ he noted. ‘GRVT aims to develop a platform that enables trading of all sorts in a single location. These partnerships are vital moves towards our ambition to deliver a user-friendly and efficient system for implementing investment strategies, trading, and amassing self-managed wealth through exchange liquidity, smart contracts, and community distribution in an open, decentralized setting.’
In simpler terms, John Cahill, the COO at Galaxy Trading Asia Ltd., stated that platforms such as GRVT are pioneering new ground by combining traditional finance (TradFi) and decentralized finance (DeFi) in creative hybrid models. This fusion is providing significant liquidity and essential infrastructure for seamless, secure trading of digital assets and derivatives. The involvement of major industry players and the influx of substantial liquidity into this sector highlight the enormous potential opportunities that lie ahead.
Darius Sit, QCP’s Founder and Chief Investment Officer, stated, “There is an urgent demand for solutions that tackle important problems related to asset security, data protection, and streamlined trading. GRVT’s method presents a highly promising route, and we are excited to contribute to the creation of a more secure and efficient system.
Christophe de la Celle, Selini Capital’s Chief Commercial Officer, commented, “The decentralized exchange (DEX) market is rapidly developing, leading to increasing competition among notable pioneers. Among the 2024 group of emerging competitors, GRVT distinguishes itself as a frontrunner. Their strategy combines professionalism and organization, while prioritizing service for both experienced and novice traders. We’re thrilled about our partnership with GRVT and eagerly anticipate the positive change they will bring upon their launch.
Daniel Ku, CEO of Ampersan, stated, “Decentralized trading platforms will remain crucial for the expansion of the crypto trading sector. These platforms offer risk diversification while facilitating price discovery across various assets and product types. GRVT is primed to meet these requirements within a flexible, high-speed infrastructure. As a significant market maker, Ampersan looks forward to partnering with GRVT in delivering a liquid and efficient platform to the public.
Martin Cheung, who serves as the Head of Options Trading at Pulsar, stated, “Joining forces with GRVT is a crucial move for us as we boost our trading abilities. The innovative framework that GRVT provides aligns perfectly with our requirements, providing the flexibility and security necessary in the crypto market. Integrating with GRVT will significantly bolster our current strategies, helping us preserve our impressive performance history. As partners, we are well-positioned to make a significant impact within the crypto community, fostering market efficiency and growth.
Michael Lie, Head of Digital Assets at Flow Traders, stated, “This latest partnership marks another stride towards getting closer to the cutting-edge developments happening within the digital assets sector. GRVT’s methodology merges the advantages of centralized and decentralized finance, which is significant for market makers and liquidity providers like us because we straddle the divide between TradFi and DeFi, fully grasping the challenges users face today. The distinctive approach by GRVT represents a substantial leap forward in enhancing user-friendliness and accessibility for a wide array of users.
Looking forward, we’re thrilled about the future plans for GRVT and the groundbreaking advancements we are preparing, which will enhance our platform and boost trust among both our users and associates.
For more information and to join the GRVT community, visit grvt.io.
For Singaporean users, it’s important to note that GRVT does not fall under the purview of any regulations overseen by the Monetary Authority of Singapore (MAS). This means that you won’t experience the protective measures or guarantees provided by the MAS.
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About GRVT
GRVT (referred to as “gravity”), launched in 2022 and supported by Matter Labs, serves as ZKsync’s inaugural Validium ZK Chain. It is a unique derivatives exchange, combining off-chain order matching and on-chain settlements at an astounding 600,000 transactions per second (TPS). Our objective is to make the financial market accessible to all through secure, self-managed solutions, offering a reliable, efficient, and user-friendly trading environment for everyone.
For media inquiries, contact: press@grvt.io
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2024-09-13 12:21