GRVT Alpha Mainnet Kicks Off, Hits $15 Million in 60 Minutes

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As a seasoned crypto investor with over a decade of experience navigating the tumultuous waters of the digital asset market, I can confidently say that GRVT’s Alpha Mainnet launch is an exciting development that could potentially reshape the landscape of regulated decentralized finance.

GRVT, the pioneering regulated decentralized cryptocurrency exchange in the industry, has achieved a significant milestone with the launch of its eagerly awaited alpha mainnet version. The user base has grown beyond 30,000, and several prominent financial institutions have already joined the platform.

GRVT hits $15 million trading volume in its Mainnet Alpha’s first hour

In simple terms, GRVT, a cryptocurrency platform based in Singapore for both individual investors and large institutions, is thrilled to announce the launch of its highly anticipated Alpha Mainnet version. Within the first hour of its trading activities, the exchange recorded a net trading volume of $15 million.

Here it is: The GRVT Mainnet Alpha has officially gone live!

— GRVT (@grvt_io) December 20, 2024

In the latest iteration of the platform, transactions worth approximately $8.7 million in Bitcoin and $6.4 million in Ethereum were executed. In the upcoming weeks, GRVT traders can expect a wider selection of trading options, enhanced features, and incentives. This was announced by team representatives.

Clear UX/UI and a cost-efficient trading toolkit of GRVT have already attracted a clutch of high-reputable trading firms and marketmakers, including the likes of QCP, Galaxy Trading Asia Limited, Ampersan, Arbelos, Amber Group, IMC, Flow Traders, Pulsar, Selini.

As an analyst, I am thrilled about the prospects of GRVT’s platform advancements in the regulated institutional crypto trading sector. Hong Yea, the co-founder and CEO, shares my enthusiasm.

Today is a groundbreaking moment for GRVT as we’ve constructed the world’s initial compliant and licensed exchange that utilizes blockchain technology for settlements. We are leading the way in creating the CeDeFi realm, an area where centralized and decentralized finance intersect. Our goal has always been to reinvent and reconstruct the global financial system using blockchain, although this path hasn’t been easy. This significant achievement would not have been possible without the steadfast commitment and hard work of our team, our reliable partners, and the retail users who trust in our vision.

As a forward-thinking crypto investor, I’ve found GRVT to be an innovator that consistently pushes boundaries within the financial landscape. This trailblazer isn’t content with simply following traditional Finance (TradFi) and Decentralized Finance (DeFi) structures; instead, it redefines what’s achievable in the blockchain sphere by challenging the status quo and setting new standards for the future of finance.

30,000 KYC-verified users already using product

Through the Elastic Network system backed by ZKsync, GRVT has been set up on a zero-knowledge Validium rollup to ensure top-notch security, scalability, and cost efficiency. This platform has just earned the Class M Digital Asset Business License from the Bermuda Monetary Authority (BMA), marking an impressive milestone in regulatory compliance within the industry.

So far, approximately 30,000 users who have undergone KYC verification are already registered on GRVT, indicating a robust initial user base that’s ready for significant trading action – a number that surpasses other industry peers at their launch debut.

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2024-12-21 12:56