| FEATURE | GRVT | VELOCITY |
|---|---|---|
| Type | HYBRID | DEX |
| Taker Fee | 0.045% | 0.06% |
| Maker Fee | -0.0001% | -0.0025% |
| Max Leverage | 50x | 20x |
| Perp Pairs | 184 | 4 |
| Spot Trading | Yes | No |
| KYC Required | No | No |
| Rating | 4.5 | 2.5 |
GRVT vs Velocity: key differences
Velocity is still in recovery after a security incident. Read the status notice in the Velocity review before depositing.
Opening and closing a $10,000 position with market orders costs $9.00 on GRVT and $12.00 on Velocity at base-tier taker fees, a difference of $3.00 per round trip.
For limit orders, GRVT pays makers a 0.0001% rebate, while Velocity pays makers a 0.0025% rebate.
GRVT allows up to 50x leverage against 20x on Velocity. The headline figure usually applies to a few markets only, so check the limit on the pair you trade.
GRVT lists 184 perpetual markets, Velocity lists 4.
GRVT also has spot trading; Velocity is perpetuals only.
Neither exchange requires KYC: both are used by connecting a wallet.
Margin is posted in USDT, USDC on GRVT and in USDT, SOL, wBTC, wETH on Velocity.
Figures as of 2026-10-04, from each exchange's documentation, CoinGecko and DeFiLlama.
Costs, liquidity and safety in detail
| GRVT | Velocity | |
|---|---|---|
| Taker round trip on $10,000 | $9.00 | $12.00 |
| Maker round trip on $10,000 | $0.02 rebate | $0.50 rebate |
| Best-tier taker fee | 0.024% | 0.02% |
| BTC max leverage | 50x | 20x |
| Margin modes | cross, isolated | cross-margin |
| 24h volume | $481M | — |
| TVL | $34M | $343M |
| Custody | non-custodial | non-custodial |
| Collateral | USDT, USDC | USDT, SOL, wBTC, wETH |
| Deposit networks | Ethereum, Arbitrum, Base +4 more | Solana |
| Minimum order | $5 | — |
| Order types | 10 | 11 |
| Options | No | No |
| Mobile app | Yes | Yes |
| Testnet or demo | Yes | No |
| Vaults or copy trading | No | No |
| Insurance fund | Yes | Yes |
| Audited | Yes | Yes |
| Restricted jurisdictions | 17 | — |
| Founded | 2022 | 2021 |
Choose GRVT if
- You mostly use market orders: 0.045% taker fee against 0.06% on Velocity.
- You want higher leverage: up to 50x against 20x.
- You trade smaller or newer markets: 184 perpetual pairs against 4.
- You want spot and perpetuals in one account.
- You want a sign-up discount: 20% off fees through a referral link.
Choose Velocity if
- You have read its recovery status first: users affected by the earlier incident have not been made whole.
- You place limit orders: makers earn a 0.0025% rebate.
- You want to post margin in more than one asset.
GRVT
PROS
- + Negative maker fees on perpetuals across all nine tiers, from -0.0001% at Level 1 to -0.003% at Level 9, so makers receive a rebate on every filled limit order
- + Self-custodial with optional KYC: users can sign up with only an email and trade without identity verification while keeping control of their funds
- + 184 perpetual markets, including 98 equity and index markets and 8 commodity markets such as gold (XAU) and crude oil, with up to 50x leverage on BTC and ETH
CONS
- − Only USDT and USDC are accepted as collateral; unified multi-collateral margin is targeted for Q4 2026 in the GRVT litepaper
- − Spot trading is limited to two pairs (GRVT/USDT and USDC/USDT), and options and dated futures are not available
- − Leverage is capped at 10x on 172 of the 184 perpetual markets; 50x applies only to BTC and ETH positions under 600,000 USD notional
Velocity
PROS
- + Trading is open again: the public beta has been available to all users since September 21, 2026, with BTC, ETH and SOL perpetuals at up to 20x leverage and HYPE at up to 10x
- + Makers receive a 0.0025% rebate on post-only orders at every volume tier, and the taker fee falls from 0.06% to 0.02% above 200 million dollars in 30-day volume
- + One cross-margin account accepts USDT, SOL, wBTC and wETH as collateral, and deposits earn lending interest while they back positions
CONS
- − About 286 million dollars was stolen on April 1, 2026 through compromised administrator keys, and verified user losses are about 295.4 million dollars
- − Affected users have recovered about 1 percent so far: each DFX recovery token redeemed for about 0.0104 USDT from a 3.11 million USDT pool in early October 2026
- − The relaunched exchange lists four perpetual markets, down from more than 40 before the exploit, and spot order book trading was removed
Frequently Asked Questions
Is GRVT or Velocity better?
GRVT has a higher rating (4.5 vs 2.5). GRVT offers lower fees (0.045% vs 0.06%). Choose GRVT for lower fees, and Velocity for its features.
What are the fees on GRVT vs Velocity?
GRVT charges 0.045% taker / -0.0001% maker. Velocity charges 0.06% taker / -0.0025% maker for perpetuals.
Which has higher leverage, GRVT or Velocity?
GRVT offers up to 50x, and Velocity offers up to 20x. Maximum leverage applies to selected markets and falls as position size grows on both exchanges.
Do GRVT and Velocity require KYC?
GRVT does not require KYC. Velocity does not require KYC. Both restrict some jurisdictions (GRVT lists 17; Velocity publishes no list we could verify), so check the terms of service for your country before depositing.
Is GRVT or Velocity safer?
GRVT has been audited and runs an insurance fund, and custody is non-custodial. Velocity has been audited and runs an insurance fund, and custody is non-custodial. Neither audits nor insurance funds remove smart contract risk, so size deposits accordingly.