Cryptocurrency exchange GRVT completes $5 million financing, with investment from Further Ventures

based on ZKsync, the hybrid cryptocurrency exchange GRVT has completed a $5 million financing round, with investment from Further Ventures. This round of financing started in October last year and ended in December, structured as equity financing.

GRVT co-founder and CEO Yea stated that the GRVT team has grown from 19 members last year to 52, and plans to selectively hire for product and engineering positions.

GRVT also plans to launch its token in the second half of this year and to enter the cryptocurrency spot and options trading market.

According to RootData, GRVT (Gravity) is an institutional-grade cryptocurrency trading infrastructure where institutional traders can access a fully private, regulated (KYC and AML), and self-custodied trading venue. Its hybrid exchange (HEX) uses zk-supported volition technology to separate trading and custody functions, eliminating counterparty risk.