GRTV, a hybrid cryptocurrency exchange pronounced as Gravity, has partnered with 16 industry-leading market makers, including Galaxy Trading Asia Limited, Amber Group, and IMC. This strategic partnership, which provides $3. 3 billion in monthly trading volume will greatly enhance the liquidity and stability of its market by increasing GRVT’s trading volume almost twofold. These developments highlight the exchange’s strive to offer a reliable trading platform as it sets the stage for the Q4 Mainnet launch.
Strategic Partnership Reinforces GRVT’s Market Stability
Key players describe the partnership as transformative as it enhances GRVT’s ability to keep tight bid-ask spreads, have low slippage, and reduce trading costs. These features are essential for small retail traders and large institutional investors in today’s volatile cryptocurrency market. As GRVT prepares to release its Mainnet, such partnerships are recognized as a strategic advantage, positioning the exchange as an industry leader.
GRVT’s CEO and co-founder, Hong Yea, emphasized the importance of these partnerships in creating a secure and efficient trading environment. The exchange aims to offer a platform where users can engage in seamless trading and access self-custodial wealth management, smart contracts, and community distribution. Hong Yea commented on this milestone and praised the community as he said,
“We are deeply grateful for the trust our partners have placed in us. 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.”
Leading Market Makers Endorse the Efficient Approach of GRVT
Industry leaders, including John Cahill of Galaxy Trading Asia and Christophe de la Celle of Selini Capital, strongly support GRVT’s approach. Cahill highlighted GRVT’s innovative blending of traditional finance (TradFi) and decentralized finance (DeFi), which is pivotal for driving liquidity and stability in the market. De la Celle pointed to GRVT’s structured approach as a key differentiator in the rapidly evolving decentralized exchange landscape.
Darius Sit, CEO of QCP, praised GRVT for addressing critical issues like asset safety and data privacy. At the same time, Michael Lie of Flow Traders noted GRVT’s role in enhancing the intersection of TradFi and DeFi. According to Daniel Ku of Ampersan, the partnership positions GRVT to meet the growing demands of the crypto trading industry with its high-frequency infrastructure.
