GRVT Introduces Retail Price Improvement Orders for Better Crypto Trading

GRVT, a licensed hybrid crypto exchange, has introduced retail price improvement orders on its platform, marking a significant advancement in the integration of traditional financial market features into the decentralized finance (DeFi) ecosystem. This new feature is designed to provide retail users with better execution prices than those publicly available in the order book, enhancing the overall trading experience.

The retail price improvement (RPI) orders are accessible through GRVT's web and mobile applications. The process is fully automated and transparent, ensuring that users receive the best possible prices without compromising the security and control of their funds. When a user initiates a trade, the system automatically checks for better prices through the RPI mechanism. If an improved price is available, the order is filled at that price, providing users with a more favorable trading outcome.

One of the key advantages of this system is that it matches the orders of retail traders exclusively with those of non-algorithmic traders. This approach ensures fair play, targeted liquidity creation, and a balanced trading environment, preventing any potential manipulation or unfair advantages. Users retain complete control over their funds throughout the process, maintaining the principles of self-custody that are central to the DeFi ethos.

Hong Yea, co-founder and CEO of GRVT, highlighted the significance of this development, stating, "RPI is more than a new order type. It’s a meaningful step forward for the DeFi ecosystem. By delivering better prices to retail users without requiring trust in third parties, GRVT is proving that self-custody and advanced execution no longer have to be trade-offs. It’s a practical improvement that gives traders a real edge, while preserving everything that makes DeFi valuable."

GRVT operates as a hybrid exchange, combining off-chain order matching with on-chain settlements. This model offers a decentralized finance experience with the efficiency and speed of centralized exchanges, bridging the gap between traditional finance (TradFi) and DeFi. The exchange is currently hosting a "tap and trade" competition on its web and Android platforms, allowing traders to experiment with the RPI feature in a live environment and experience its benefits firsthand.

Retail price improvements have been a well-established feature on traditional financial markets since the early 2000s. Initiatives such as the NYSE's Retail Liquidity Program have been credited with saving billions for retail investors by providing them with better execution prices. The introduction of RPI orders by GRVT brings this proven concept to the crypto market, offering retail traders the same advantages and enhancing the overall efficiency and fairness of the trading process.