Australian Exchange GroveX Reports Explosive Financial Year Growth, Sets Sights on Top 50 Global Ranking with Aggressive Expansion Plan

Melbourne, Australia — July 12, 2025 — GroveX Pty Ltd, a rapidly growing Australian-based digital asset exchange, announced remarkable financial and operational milestones in the past financial year. Bolstered by significant revenue growth and a rapidly expanding user base, GroveX is strategically positioning itself for global leadership, aiming to break into the top 50 cryptocurrency exchanges worldwide by June 2026.

GroveX closed the financial year with an impressive 130% increase in company revenue, demonstrating its robust and lean operational model. This strong financial foundation underscores the exchange’s efficiency and scalability, paving the way for ambitious future endeavours.

The platform’s user base expanded dramatically, welcoming hundreds of thousands of new user registrations, including a peak day exceeding 8,000 new sign-ups. This surge in adoption contributed to over 5.2 million new website visits and facilitated the listing of more than 200 new projects, significantly broadening GroveX’s trading offerings.

Key Milestones Achieved: The past year saw GroveX make significant strides in market visibility and operational excellence:

• Successfully listed on CoinGecko, with a notable climb of 50 ranks since the start of the year, reaching its current position at #84 globally.
• Jumped an impressive 70 ranks on CoinMarketCap, reflecting increased liquidity and market presence.
• Completed the core Fiat On/Off-Ramp Integration, currently in final testing, enabling seamless transitions between Fiat and digital assets. This includes the highly anticipated 0% fee AUD bank deposits & withdrawals directly integrated with central Australian banks, directly challenging competitor rates, and removing cost barriers for Australian traders.
• Implemented crucial security enhancements, including phishing codes and advanced device management.
• Delivered over 600 visual improvements across its apps and website, enhancing user experience and platform aesthetics.

Ambitious Roadmap: What’s Ahead in the Coming Year (Targeting June 2026)

GroveX is poised for an even bigger year, with strategic initiatives designed to drive innovation, expand market reach, and solidify user trust:

• Global Fiat Infrastructure Expansion: Full deployment of Credit Card Deposits within 6 months, alongside complete AUD and USD fiat on/off-ramp integration.
• Major Platform Enhancements:
• A Proof of Reserves (PoR) audit is underway, expected to significantly boost transparency and trust, and propel GroveX into the top 50 exchanges on CoinGecko.
• Continued visual and functional overhaul, including major website and app enhancements, and significant performance and speed upgrades.
• Integration with Fireblocks for enhanced institutional-grade asset custody and improved institutional access.
• Introduction of an entirely revamped KYC system for a smoother, more efficient verification process.
• New Product Innovation:
• Development and launch of GroveX Markets, bridging traditional and digital assets with a pre-market trading setup and user access to major global equities alongside crypto.
• Introduction of an AI Trading Module, offering automated trading strategies to all verified users.
• Launch a comprehensive Futures & Derivatives Market, expanding trading instruments with margin, futures, and perpetuals.
• Development of a short-term swap-like feature for extremely easy and simple coin trading.
• Proprietary Blockchain Development: Launching our EVM-compatible blockchain, GRX Chain (GRX-20), designed to power GroveX’s ecosystem and future decentralised applications, featuring a burn mechanism, ultra-low fees, and high scalability, with a working product by Q1 2026.
• Strategic Regulatory Expansion: Pursuit of MiCA-readiness for Europe and VARA license in Dubai, alongside continuously strengthening the AML/KYC compliance framework.
• Enhanced Visibility: Aggressive community campaigns and a focused manual CoinMarketCap rank review, supported by improved PoR, growing volumes, and verified liquidity.

“The past year has been foundational, showcasing our commitment to user-centric growth and operational excellence,” stated Yahya Ghemrawi, Director at GroveX Pty Ltd. “We are incredibly grateful for the unwavering support of our community and investors. Our strategic expansion plan, backed by proven profitability and a relentless drive for innovation, positions GroveX to redefine the digital asset exchange experience globally. We are building for the long term, ensuring GroveX becomes synonymous with trust, accessibility, and cutting-edge financial technology.”

GroveX sincerely appreciates the support and trust received. This funding round will accelerate its mission to become a globally trusted exchange, significantly increasing revenue while maintaining operational efficiency.

About GroveX Pty Ltd: GroveX is an Australian-based centralised digital asset exchange providing secure, intuitive, and feature-rich trading experiences across spot, futures, and margin markets. Committed to regulatory compliance, transparency, and innovation, GroveX is building a future where digital currency trading is accessible, efficient, and secure for everyone.

Contact: GroveX

Email: AdminGroveX@GroveX.io Website: www.grovex.io