GRVT is a unique cryptocurrency exchange that combines the best parts of centralized and decentralized trading. It focuses on secure trading while giving users full control over their assets. This control is possible because GRVT uses self-custodial trading, where users hold their assets instead of the exchange. This reduces the risk usually associated with third-party custodians.
What is GRVT
Here’s how it works:
- Hybrid Model: Trades are matched off-chain (like in centralized exchanges) but finalized on the blockchain. This makes trading fast and efficient while keeping it secure and transparent.
- Privacy Focus: GRVT protects your trading information, keeping your trading strategies and positions secret.
- Low Fees and Zero Gas Trading: Trading on GRVT is more cost-effective thanks to lower fees and no gas charges.
In summary, GRVT provides a safe and efficient trading platform that combines the speed of centralized exchanges with the security of decentralized systems. It's especially good for traders who want to maintain control over their assets and keep their trading data private.
Team of GRVT
Hong Gyu Yea
Co-founder & CEO
Hong Gyu Yea, the Co-founder and CEO of GRVT, has a solid background in the finance sector, with notable positions as an Executive Director at Goldman Sachs for nearly four years and an Associate at Credit Suisse for over five years. He holds a Bachelor of Arts in Business Administration and Management from Yonsei University, bringing a strong financial background to his current venture in blockchain-based trading platforms.
Aaron Ong
Co-founder & CTO
Aaron Ong, the Co-founder and CTO of GRVT, has a robust background in software engineering and management from reputable firms like Facebook and Cronos Labs. At Facebook, he notably led a project on a high-capacity event logging framework and initiated significant data privacy initiatives. Before helming the technical helm at GRVT, he managed a team at Cronos Labs focusing on blockchain-based products, showcasing his adeptness in both traditional tech and the emerging blockchain space. His comprehensive experience now fuels the technological drive behind GRVT's innovative hybrid exchange platform.
Matthew Quek
Co-Founder & CCO
Matthew Quek, Co-Founder and CCO at GRVT, has a background in blockchain and payment technologies from his tenure at DBS Bank, and project management experience from GovTech Singapore where he worked on the National Digital Identity Project. He holds a Bachelor's degree in Political Science and Computer Science from Columbia University.
Funding of GRVT
$5,000,000
Venture Round
Led by Further Ventures.
$2,200,000
Strategic Round
Investors include: QCP Capital, Selini Capital, Pulsar Trading.
$5,000,000
Seed Round
Led by Delphi Digital & Matrix Partners. Other investors include: Susquehanna International Group, CMS Holdings, Hack VC, ABCDE, Matter Labs.
$2,100,000
Pre-Seed Round
Investors include: 500 Startups, Folius Ventures.
GRVT review
Pros
Self-Custody Assurance
Users retain direct control over their assets, reducing exchange-related risks.
Trading Data Privacy
Employs Validium technology for confidential trading data.
Streamlined Trading
Offers fast, accurate trade executions with low fees and latency.
Accessible Design
User-friendly interface suits both novices and experienced traders.
Compliance & Security
Adheres to KYC/AML standards with robust security measures.
Diverse Trading Tools
Provides a comprehensive range of derivatives trading options.
Cons
Untried Exchange Model
The hybrid model's market effectiveness remains untested.
Tech Reliance
Heavily dependent on blockchain and Validium tech, which may have vulnerabilities.
Regulatory Variables
Subject to fluctuating crypto trading regulations.
Market Penetration Hurdles
Faces challenges in establishing a market presence amid stiff competition.
Smart Contract Bugs
Risk of bugs in smart contracts, potentially affecting trading and asset security.
Opportunities
AirdropTestnet
Minimal cost: Free
GRVT
Participate in the various campaigns provided by the GRVT project and get a chance for a potential airdrop!