GRVT Review 2026
About GRVT
GRVT is a hybrid derivatives exchange that combines the speed and orderbook depth 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 every trade on Ethereum L1 while keeping order data private offchain, eliminating front-running and sandwich attacks. The platform lists around 168 perpetual markets spanning crypto plus real-world-asset perps on gold (XAU), oil (WTI), and equities like Tesla, 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 DEX by securing a Class M (Modified) Digital Asset Business License from the Bermuda Monetary Authority (BMA). After launching mainnet alpha in December 2024, GRVT dropped its mandatory KYC requirement in August 2025 and now lets users trade self-custodially with only an email, processing roughly $131 billion in volume during Q1 2026. GRVT's fee model features negative maker fees across all nine tiers, starting at -0.0001% at Level 1 and reaching -0.003% at Level 9, effectively paying traders to provide liquidity. An Earn on Equity program pays roughly 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, with USDT and USDC as collateral and a minimum deposit of 1 USDT.
KEY FACTS
- CUSTODY
- non-custodial
- TAKER FEE
- 0.045%
- MAX LEVERAGE
- 50x
- NETWORKS
- Ethereum, Arbitrum, Base
- KYC REQUIRED
- No
- 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 nine tiers, from -0.0001% at Level 1 to -0.003% at Level 9 — makers earn rebates instead of paying to provide liquidity
- + Self-custodial with optional KYC — users can sign up with only an email and trade without identity verification while keeping full control of funds
- + Around 168 perpetual markets spanning crypto and real-world assets, including gold (XAU), oil (WTI), and equities like Tesla, with up to 50x leverage on BTC
- + World's first regulated DEX, holding a Class M Digital Asset Business License from the Bermuda Monetary Authority (December 2024)
- + Earn on Equity program pays roughly 10% annualized yield on idle account equity with no lockups, compounding every 4 hours
CONS
- − Only USDT and USDC accepted as collateral — no BTC, ETH, or multi-collateral margin support
- − Spot and options markets are not yet live — the platform is perpetuals-only, and even gold and stock exposure is traded via perps
- − KYC is still required to claim the upcoming $GRVT airdrop tokens at TGE and to lift the 50,000 USDT/day bridge withdrawal limit
- − Restricted in the US and several other jurisdictions per its Terms of Service, and TVL (~$41M) is small versus larger perp DEXs
Frequently Asked Questions
Is GRVT safe?
GRVT is non-custodial, so users keep control of their funds through smart-account wallets while trades settle onchain via zero-knowledge proofs on Ethereum L1. It holds a Bermuda Monetary Authority Class M license, has been audited by Spearbit and NCC Group, and executes orders offchain to block front-running and sandwich attacks.
What are GRVT trading fees?
GRVT charges 0.045% taker and -0.0001% maker fees on perpetuals at Level 1, meaning makers earn a rebate. Its nine-tier model lowers taker fees to 0.024% and raises maker rebates to -0.003% at Level 9, which requires $600 million in 30-day volume. Tiers update daily at 8 AM UTC.
Does GRVT require KYC?
No. GRVT dropped mandatory KYC in August 2025, so users can now sign up with just an email and trade self-custodially without identity verification. KYC remains optional but is required to claim the upcoming $GRVT airdrop tokens at TGE and to raise the 50,000 USDT daily bridge withdrawal limit.
Is GRVT regulated?
Yes. In December 2024 GRVT secured a Class M (Modified) Digital Asset Business License from the Bermuda Monetary Authority, making it the world's first regulated DEX. It is pursuing a Full Class F license and engaging regulators under the EU's MiCA framework and the Abu Dhabi Global Market.
What can I trade on GRVT?
GRVT lists roughly 168 perpetual markets from a single account. Alongside crypto perps like BTC and ETH, it offers real-world-asset perpetuals on commodities such as gold (XAU) and oil (WTI) plus equities like Tesla. All markets are perpetual futures; spot and options are on the roadmap.
What leverage does GRVT offer?
GRVT offers up to 50x leverage on BTC/USDT perpetual contracts, with maximum leverage decreasing as notional position size grows above roughly $600,000. Both cross-margin and isolated-margin modes are supported, letting traders share collateral across positions or ring-fence risk on individual trades.
Does GRVT have a token?
GRVT has announced a native $GRVT token, with 28% of the 1 billion supply earmarked for community rewards and airdrops. The Token Generation Event is planned following its trading seasons, and KYC verification is required to claim tokens. As of mid-2026 the token has not yet launched.
GRVT official website (grvt.io) · GRVT Help Center — fee model, withdrawals, license (help.grvt.io) · GRVT GitBook documentation (grvt.gitbook.io) · GRVT blog — RWA perps, Bermuda license (grvt.io/blog) · CoinGecko derivatives API (grvt_futures) · DeFiLlama API (TVL) · ComplyCube / GRVT KYC partnership coverage · PRNewswire / DLNews Bermuda Class M license coverage · ainvest, cryptowinrate, Messari, Koinly (2026 KYC & product reviews)