GRVT, recognized as the world’s pioneering licensed onchain exchange, has made a significant leap by launching its Android mobile application on the Google Play Store. This innovative app introduces institutional-grade crypto perpetual trading to mobile users, expanding access to a broader audience.
As detailed in a recent press release shared with Tech Times, the GRVT mobile app arrives with approximately 30 crypto perpetual trading pairs, alongside a suite of hallmark features. Users can enjoy a dedicated rewards page, a comprehensive portfolio overview for tracking positions, and the ever-popular Liquidity League, which showcases ongoing trading competitions. Currently, the app is available in 50 countries, including Argentina, Japan, South Korea, and Vietnam, marking a substantial geographical reach.
Hong Yea, co-founder and CEO of GRVT, expressed enthusiasm about the app’s launch, viewing it as a pivotal advancement in the exchange’s mission to establish a premier onchain financial marketplace. “We’ve been working tirelessly to deliver the best product with user-friendly features and to provide a seamless and smooth trading experience since our launch. The launch of our mobile app is a major milestone, but only the beginning of our long-term vision. We will continue to build relentlessly toward making GRVT the ultimate onchain financial marketplace, one where everyone can easily access powerful tools for wealth creation.”
What exactly is GRVT?
GRVT, pronounced “gravity”, stands out as the first licensed onchain exchange, ingeniously blending the strengths of centralized finance (CeFi) and decentralized finance (DeFi) to address a critical challenge in the crypto realm—balancing speed with self-custody. By integrating CEX-class performance with zero-knowledge Validium, GRVT offers users an experience that mirrors traditional finance’s throughput while ensuring private order flow, all anchored on the Ethereum blockchain for transaction settlement proofs.
In just six months since GRVT’s mainnet launch, the decentralized exchange has achieved remarkable milestones, including over .5 billion in trading volume, the onboarding of 40,000 verified users, and the listing of 24 trading pairs. Strategic partnerships with entities like CoinRoutes have positioned GRVT among the top three decentralized exchanges facilitating institutional on-chain trading. Additional integrations with notable firms such as LTP—a leading prime broker—Onramper for direct crypto-fiat exchange deposits, and Privy for seamless Web3 onboarding further enhance its service offerings.
The timing of GRVT’s mobile app launch aligns with a burgeoning interest in crypto perpetuals. According to CoinGecko’s 2024 State of Crypto Perpetuals report, the top 10 centralized perpetual exchanges are projected to reach an impressive .5 trillion in trading volume in 2024, more than doubling the trillion recorded in 2023. Meanwhile, decentralized perpetual exchanges are expected to account for .5 trillion, reflecting a growing appetite for crypto derivatives trading.
