Crypto Exchange GRVT Secures $5 Million: A Tale of Tokens and Treasure!

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In the grand theatre of crypto exchanges, GRVT has made a striking entrance! This ZKsync-based exchange has raised a staggering $5 million in a funding round led by Further Ventures, a firm backed by Abu Dhabi’s ADQ.

Imagine, dear reader, a world where equity and tokens coexist in harmony! GRVT, in its infinite wisdom, chose equity to keep the GRVT token for its community while expanding into new business territories. The funding round, held from October to December 2023, has swelled GRVT’s coffers to a whopping $14.3 million, including $7.1 million from earlier rounds and $2.2 million from a private token sale in March 2024.

With an average daily trading volume of $50 million, 800 active traders, 55 institutional clients, and over 32,000 users who’ve completed KYC verification, GRVT is showing no signs of slowing down. In fact, it recently launched its mainnet alpha on the Ethereum Layer 2 network ZKsync, starting with crypto perpetual trading.

But wait, there’s more! GRVT plans to introduce spot and options trading this year, upgrade its Bermuda crypto license, and seek regulatory approvals in various regions. It’s a global takeover, darling!

And if that wasn’t enough, GRVT has achieved a 24-hour trading volume of $75 million! It’s expanding its team, hiring for product and engineering positions, and preparing to introduce its token later this year. It’s a whirlwind of activity, and we can hardly keep up!

So, here’s to GRVT, the crypto exchange that’s breaking barriers, securing funding, and making headlines. It’s a tale of tokens, treasure, and a bright future. Bravo, GRVT!

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2025-01-21 21:36