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Hybrid crypto exchange GRVT has introduced retail price improvement (RPI) orders on its platform, marking the first time this traditional finance mechanism has been brought onchain for decentralized trading. The new feature is available on both GRVT’s web and mobile applications.
RPI orders, a staple of equities trading since the early 2000s, allow selected market makers to quote more competitive prices to retail users while preventing algorithmic traders from accessing these quotes. This approach aims to provide retail traders with better execution prices than those publicly available in the order book, a practice credited with saving investors billions of dollars in traditional markets through programmes like the NYSE’s Retail Liquidity Program.
The process is fully automated and transparent. When a user places a trade, the system checks in the background for a better price via RPI. If one is available, the order is matched at the improved price, with no need for users to adjust any settings. Throughout, users maintain full control over their funds, in keeping with the principles of self-custody central to decentralized finance.
GRVT’s system ensures that RPI quotes are only accessible to retail users, not to algorithmic traders, supporting a fairer and more balanced trading environment. The launch brings onchain trading closer to the standards of traditional finance, where protected order types and price improvements are common.
To support the rollout, GRVT is organizing a Tap and Trade competition on its web and Android platforms. The competition is intended to give users hands-on experience with the new feature and demonstrate the benefits of RPI in a live trading environment. Details of the campaign will be released ahead of launch.
Hong Yea, co-founder and CEO of GRVT, commented,
“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 is a licensed hybrid exchange combining off-chain order matching with on-chain settlements, aiming to deliver the efficiency of centralized exchanges alongside the transparency and security of decentralized finance.
The introduction of RPI orders is accompanied by a disclaimer noting that perpetuals trading of cryptocurrencies carries high market risk and price volatility. GRVT is not regulated by the Monetary Authority of Singapore, and users’ funds are not subject to regulatory protection.
