GRVT Review 2026
About GRVT
GRVT is a hybrid derivatives exchange that combines the high-performance trading experience of a centralized exchange with the self-custodial security and onchain settlement of a decentralized protocol. Built on a custom ZKsync Validium appchain, it uses zero-knowledge proofs to verify all activity on Ethereum L1 while keeping sensitive trade data private offchain, eliminating front-running and sandwich attacks. The platform processes up to 600,000 transactions per second with sub-millisecond latency and supports 96+ perpetual trading pairs with up to 50x leverage on BTC. Founded in 2022 by CEO Hong Yea and CCO Matthew Quek, GRVT raised $19 million in Series A funding co-led by ZKsync and Further Ventures. In December 2024, it became the world's first regulated decentralized exchange by securing a Class M (Modified) Digital Asset Business License from the Bermuda Monetary Authority (BMA). The platform launched its mainnet alpha in late 2024 and reached record monthly trading volumes of $51.6 billion in January 2026, with over 10,000 active traders and $3.2 billion in committed liquidity from institutional market makers including Flow Traders, Amber Group, and IMC. GRVT's fee model features negative maker fees across all tiers, starting at -0.0001% at Level 1 and reaching -0.003% at Level 9, effectively paying traders to provide liquidity. The platform offers an Earn on Equity program providing 10% annualized yield on account equity with no lockups, compounding every four hours. Deposits are supported from Ethereum, Arbitrum, Base, BNB Smart Chain, Tron, KAIA, and Solana networks, with a minimum deposit of 1 USDT.
KEY FACTS
- CUSTODY
- non-custodial
- TAKER FEE
- 0.045%
- MAX LEVERAGE
- 50x
- NETWORKS
- Ethereum, Arbitrum, Base
- KYC REQUIRED
- Yes
- FOUNDED
- 2022
Fee Structure
| MARKET | TAKER | MAKER |
|---|---|---|
| Perpetuals | 0.045% | -0.0001% |
| Best Tier | 0.024% | -0.003% |
Leverage & Margin
Security
Pros & Cons
PROS
- + Negative maker fees across all tiers, starting at -0.0001% at Level 1 and reaching -0.003% at Level 9 — traders earn rebates for providing liquidity
- + Sub-millisecond execution with up to 600,000 TPS on custom ZKsync Validium appchain, rivaling centralized exchange performance
- + Non-custodial smart account wallet eliminates counterparty risk — all settlements verified onchain via zero-knowledge proofs on Ethereum L1
- + World's first regulated DEX with Class M Digital Asset Business License from the Bermuda Monetary Authority, enabling institutional participation
- + 10% annualized yield on total account equity via Earn on Equity program with no lockups, compounding every 4 hours and paid weekly
CONS
- − KYC required via ComplyCube (document verification + biometrics) — unlike most DEXs, anonymous trading is not possible
- − Only USDT as trading collateral — no multi-collateral support with BTC, ETH, or stablecoins like USDC yet
- − Restricted in 9 jurisdictions including the US, Singapore, Hong Kong, Cuba, Iran, and North Korea
- − Spot and options trading not yet live — perpetuals-only platform with spot expected by end of April 2026 and options in Q2 2026
Frequently Asked Questions
Is GRVT safe?
GRVT is a non-custodial exchange where users retain full control of funds via smart account wallets. All trades settle onchain through zero-knowledge proofs on Ethereum L1, eliminating counterparty risk. The platform holds a Class M license from the Bermuda Monetary Authority and uses offchain execution to prevent front-running and sandwich attacks.
What are GRVT trading fees?
GRVT charges 0.045% taker and -0.0001% maker fees for perpetuals at Level 1. The 9-tier fee model reduces taker fees to 0.024% and increases maker rebates to -0.003% at Level 9. Tiers are based on 30-day trading volume, options volume, or total assets held, updated daily at 8 AM UTC.
Does GRVT require KYC?
Yes, GRVT requires KYC verification through ComplyCube, involving document verification and biometric comparison. This is a deliberate design choice to attract institutional capital and maintain regulatory compliance under GRVT's Bermuda Monetary Authority license. Users from the US and eight other jurisdictions are restricted.
What leverage does GRVT offer?
GRVT offers up to 50x leverage on BTC/USDT perpetual contracts, with leverage decreasing at higher notional position values above $600,000. Both cross margin and isolated margin modes are supported, allowing traders to choose between shared collateral across positions or individual position risk management.
How do deposits work on GRVT?
GRVT accepts USDT and USDC deposits from Ethereum, Arbitrum, Base, BNB Smart Chain, Tron, KAIA, and Solana networks via the Rhino Finance bridge. The minimum deposit is 1 USDT on Arbitrum and BNB Smart Chain. Deposits typically arrive within 5 minutes, and GRVT covers gas fees for order actions.
What is the GRVT referral program?
GRVT's Ambassador program offers a base commission of 25% on direct invites' trading fees, scaling up to 35% at higher tiers. Ambassadors also earn up to 5% from indirect invites. Tier progression requires meeting bi-weekly goals for invites and trading volume, with an additional weekly 10,000 USDT cash pool.
Does GRVT have a token?
GRVT has announced a native $GRVT token with 28% allocated to community rewards and airdrops. The Token Generation Event is planned for after Season 2 concludes at the end of June 2026. The token is expected to be used for governance and platform incentives, but has not launched yet as of March 2026.
GRVT official website (grvt.io) · GRVT Help Center (help.grvt.io) · GRVT GitBook documentation (grvt.gitbook.io) · GRVT API documentation (api-docs.grvt.io) · CoinGecko exchange statistics (coingecko.com/en/exchanges/grvt-futures) · Cryptowisser exchange review (cryptowisser.com) · CoinDesk / The Block / Messari funding coverage · CoinTelegraph Bermuda license coverage · Decentralised.news GRVT review