GRVT exchange profile

GRVT combines an off-chain central limit order book with blockchain settlement and margin management. This hybrid design gives users conventional order entry alongside signed instructions and a private trading ledger. The distinction matters operationally: wallet signatures do not eliminate the exchange’s role in matching, sequencing or operating the service.[1]

DefiLlama’s 20 October 2026 snapshot recorded approximately US$14.84 billion in 30-day perpetual notional volume and US$440 million open interest. These are changing activity measures, including leverage; they are not customer deposits or counts of people. No independently verified registered-user or active-trader figure was established for direct comparison with the large centralized exchanges.[40]

Account separation can be useful for a team or multiple strategies. Funding administrators manage the overall business account and its members, while trading accounts maintain separate balances, positions, margin and API keys. Withdrawal, internal-transfer and external-transfer permissions are distinct. Adding a withdrawal destination or changing privileged account access can require the business account’s multisignature threshold.[28]

Negative maker rates are rebates. Tiers refresh at 08:00 UTC. The fee page refers to futures volume; the spot guide includes spot volume. Check the displayed account tier.[5][6]

The base-tier fee on a hypothetical 20,000 USDT perpetual fill is 9 USDT for a taker, or a 0.02 USDT maker rebate. Two taker fills cost 18 USDT, excluding spread, funding, borrowing, conversion and withdrawals.[5]

Funding transfers between the long and short sides on a one-, four- or eight-hour schedule set by market. Positive funding means longs pay; the sign reverses for negative funding. The market page displays the next settlement and rate. A hypothetical 0.01% interval on 20,000 USDT notional costs a long 2 USDT; an annualized display is not the interval percentage.[12]

Multi-Asset Margin applies a 99.8% collateral-value ratio to USDT and 99.5% to USDC in the current guide. Borrowed USDT accrues tier-dependent hourly interest, visible in the borrowing panel. Its current USDC conversion schedule charges 0.1% for manual repayment, 0.125% for automated repayment and 0.25% on liquidation repayment. Paying in USDT directly avoids a conversion charge.[7]

A managed strategy adds its own economics. The setup guide permits management fees from 0% to 4%, paid through newly minted shares, and performance fees from 0% to 40% of relevant realized gains on redemption. Inspect the chosen strategy’s actual rate and dilution basis. These are additional to the underlying exchange’s execution and financing costs.[36]

The transfer-fee guide lists 2 USDT for an Ethereum withdrawal and 1 USDT plus Rhino’s gas charge for partner networks. GRVT does not charge its own deposit fee, but the originating transaction can incur network or exchange costs. Confirm the total on the selected route before signing; these crypto-transfer charges do not cover a later conversion to bank money.[8]

The general fee page quotes 1.01 USDT for Arbitrum/BNB, 1.5 for Solana and 1.4 for Tron. Reconcile these snapshots with the partner’s live gas-inclusive preview.[5]

The older USDC deposit article describes a Rhino route that converts the incoming USDC to USDT, with the quote shown before a connected-wallet transfer. Current Multi-Asset Margin and Earn documentation also recognize retained USDC. These are different funding outcomes: select a route that explicitly credits the asset intended, and do not assume every USDC transfer preserves USDC or automatically converts it.[19]

A new recipient requires SecureKey approval. Business withdrawals additionally depend on the correct funding/withdrawal role; privileged recipient changes can require several administrators. The sender should verify the chain and destination before signing. An internal transfer to another GRVT account and an external blockchain withdrawal use different recipient types.[18]

The published hybrid design combines private-key authorization with account login controls and on-chain settlement. Its security perimeter still includes the matching service, risk infrastructure, bridge and configured permissions. Treat ordinary exchange collateral, borrowed funds and capital deployed into an earning strategy as distinct exposures.[1]

GRVT’s liquidation guide describes a full takeover rather than a guaranteed gradual reduction. An isolated position can lose its assigned margin; a cross liquidation can take the entire cross portfolio and remaining balance. The insurance fund receives the positions and closes them, retaining surplus or absorbing a deficit. The initial-margin display is therefore not a guaranteed amount returned after liquidation.[9]

The insurance fund exists to absorb losses from liquidated leveraged accounts and help pay the winning side. It is not a named deposit-insurance policy for each customer. The separate socialized-loss mechanism can charge withdrawing users during a fund deficit, including users whose own trades did not cause that deficit.[10][11]

The linked Spearbit report is dated 14 December 2024 and covers specified bridge, withdrawal-finalizer and exchange-contract revisions. It reports 49 fixed and 24 acknowledged findings; the acknowledged material includes privileged-role concentration. The dated review neither establishes an ongoing exploit nor certifies every feature deployed since. It is more informative to inspect its scope than to treat an audit logo as an assurance of solvency or unlimited withdrawal access.[39]

The country restriction page bans residents, people located in and entities established in its listed territories, including the US and its territories, Canada, Singapore, Hong Kong and Russia, alongside named sanctions-affected countries and regions. A wallet-based login does not establish eligibility. Business roles and multi-user access also do not create a separate exemption.[4]

The activity-review policy distinguishes an informational Activity Notice from an Information Request. A notice alone need not restrict the account or require a reply. An Information Request generally allows 14 calendar days from the notice date, with the exact deadline stated in the message. Official communications go to the registered email; request any extension before the deadline. Repeated unexplained activity or a missed request can lead to escalation.[21]

Earn on Equity excludes institutional users and company employees. The current terms calculate daily interest using the lowest eligible balance across random snapshots and allow changes to payout intervals and programme rules. Account eligibility for trading therefore does not necessarily qualify the same account for an advertised yield or referral bonus.[33]

An export is an activity record, not an automatically completed tax return. Preserve trading and funding records together, including bridge conversions and USDT-denominated yield. The web-only export limit makes regular archiving useful; application access after deactivation should not be relied on as a record-retention plan.[29]

The September 2026 agreement uses Singapore law and SIAC arbitration, seated in Singapore, in English before one arbitrator. If the parties do not agree on the arbitrator within 21 days after arbitration begins, or the substituted agreed/registrar period, SIAC’s president appoints one. This is an appointment deadline, not a support response promise. No separate fixed informal-complaint resolution clock was established in that agreement.[2]

The inspected fee model did not establish an inactivity charge. Deactivation is a separate, consequential process: the guide explicitly requires withdrawing first. Neither a mobile-session expiry nor deleting an API key should be used as a substitute for closing positions, redeeming strategies and confirming that all intended funds have reached the destination.[30]

The current User Agreement names Albatross Group Overseas S.A., incorporated in Panama, as GRVT International. It expressly says this entity and its services are not regulated by Panama’s capital-markets or banking supervisors. A historic licence associated with another group company does not establish protection under this contract.[2]

Strategies have a further explicit boundary: their additional terms say the international platform is not regulated by MAS or another regulator, and do not warrant that managers are licensed. Earn’s own terms likewise state that funds do not receive regulatory protection. Neither a smart-contract share nor an internal manager label establishes investment-manager authorization.[34][33]

The 28 August 2025 novation substitutes Albatross Group Overseas S.A. for Singapore-incorporated GRVT Asia Pte. Ltd. in the affected user agreement. Customers reviewing an old account file should use the applicable current contract and migration notice to identify the party owing the contractual obligations. Brand continuity alone does not preserve the old entity relationship.[3]

The current roadmap describes work beginning in 2022 and a GRVT token launch in July 2026. It schedules an upgraded Earn product for the end of October, Stable Funding Perps and yield-as-margin for November, and GRVT 2.0 for the end of November. These announced services, including the up-to-11% yield headline, are forward plans at this profile’s 20 October check date.[38]

Operator

Albatross Group Overseas S.A.

Exchange model

Hybrid

Service scope

Order-book spot and perpetual trading, with separate Earn and managed Strategies.

Client types

Retail clients; Institutional clients

Pricing publication

Public pricing

Pricing scope

Tiered maker/taker fees, financing, collateral-conversion and network withdrawal costs.

Funding scope

Native Ethereum and partner crypto bridges, approved recipients and account-transfer controls.

Custody and asset handling

Signed instructions and contract settlement; managed strategies and Earn add pooled and third-party exposure.

Client eligibility

Territory restrictions and risk-based reviews; product-specific exclusions apply.

Support

Help-center tickets and [email protected]; SIAC dispute route.

Authorisation and registration scope

International operator disclaims Panamanian regulation; additional product terms disclaim regulatory protection.

Exchange metadata checked 20 Oct 2026Source 1Source 2Source 3Source 4Source 6Source 7Source 18Source 5Source 31

The AI integration is an execution interface, not just a market-summary feature. Its abilities depend on the credentials and environment supplied; a production key can carry the same financial authority as the underlying API operation. Review permissions and outstanding orders when disabling an agent. Revoking future key access does not reverse completed trades or automatically redeem an investment.[37]

The published order-create allowance is 260 requests per ten seconds per pair, with cancellation tracked across pairs and the overall account sharing limits among subaccounts. Read quotas and simultaneous streams vary by tier. An integration should reconcile accepted, cancelled and filled states after authentication or quota errors, not infer that a missing reply means the instruction failed.[15]

Dfns users have an explicit migration path to Privy: accept the update and verify the registered email, or add Privy as a secondary SecureKey and then make it the signing key. This changes authentication infrastructure, not the legal operator. Confirm the intended signer is active before abandoning the older credential.[24]

The strategy setup ranges permit a minimum redemption period of zero to seven days and a maximum of one to 28 days. The detailed exit policy qualifies the maximum: forced processing can retry if leverage constraints prevent payment; after a further 48 hours the vault is delisted from new investment. Delisting is not itself proof that cash has already been returned.[36][35]

Current Earn on Equity starts automatically for eligible directly held USDT/USDC at a 3.5% base APY, pays yield in USDT and excludes funds allocated to Strategies. The product page says customer capital is deployed into third-party underlying protocols and carries full principal risk from exploits, insolvency and depegging. The earning balance therefore deserves a separate risk assessment from uncommitted wallet cash.[32]