The post GRVT Exchange Hits $5 Billion Volume 120 Days After Mainnet appeared on BitcoinEthereumNews.com.

GRVT co-founder Hong Yea left behind a rising executive career at Goldman Sachs to launch a hybrid crypto exchange as the market collapsed. Four months after the mainnet, it has processed over $5 billion in volume. Yea tells BeInCrypto how his Wall Street roots helped engineer a decentralized trading powerhouse. A Leap of Conviction in a Market on Fire When Hong Yea left a decade-long career at Goldman Sachs, where he had risen to executive director, crypto markets were in freefall. It was late 2022, and FTX had just collapsed. Confidence in centralized platforms had evaporated. But for Yea, the implosion was not a deterrent—it was validation. “FTX crystallized our thesis. Centralized counterparties are single points of systemic failure. We saw that coming—and built GRVT to be the opposite,” Yea told BeInCrypto in an interview. That conviction would be tested. While former colleagues moved toward managing director promotions and fatter bonuses, Yea built a next-gen exchange from scratch. One that would fuse institutional-grade speed and compliance with the decentralization ethos of Web3. Today, just four months after its public mainnet launch, GRVT has processed over $5 billion in trading volume. GRVT $5 billion trading volume milestone, 4 months post-mainnet It is the first licensed decentralized exchange (DEX) under Bermuda’s Class M framework and one of the few platforms bridging Wall Street’s rigor with blockchain’s permissionless infrastructure. Why a Goldman Exec Bet on Blockchain For Yea, the pivot was not sudden. A trader by training, he spent years inside Goldman watching promising financial products die behind walled gardens. “I saw brilliant tools and strategies that never reached beyond institutional silos. At the same time, DeFi lacked the risk controls, performance, and compliance needed to scale. I realized: if we could combine both worlds, we could unlock finance for everyone,” he explains. The spark came…

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Filed under: News - @ May 8, 2025 8:28 pm