VALR dominates African crypto market with groundbreaking futures and leverage features

VALR's Integrated Trading Ecosystem Receives Praise from COO Gianluca Sacco as Exchange Gains Momentum with Visa Collaboration and Regulatory Approvals

VALR, the South African cryptocurrency exchange, is making waves in the industry with its integrated trading ecosystem. The platform, which combines spot, margin, and futures markets using a single collateral source, has garnered praise from COO Gianluca Sacco. This development comes on the heels of VALR’s success in spot margin trading and a recent collaboration with Visa.

The growth of VALR is evident in its achievements and milestones. The exchange received European regulatory approval and is currently pursuing licenses in Mauritius and Dubai. In fact, it has already received a preliminary nod from the Virtual Asset Regulatory Authority (VARA) in Dubai. Since its establishment in 2018, VALR has facilitated over $10 billion in trade volume. Its client base consists of more than 500,000 retail customers and over 900 institutional partners.

To further solidify its position in the market, VALR has secured $55 million in equity funding from prominent investors such as Coinbase Ventures and Pantera Capital. This financial backing will enable the exchange to expand its services and enhance its offerings. Operating under VALR DAM Proprietary Limited, the exchange is authorized by Prime Asset Managers in South Africa and is now looking to expand its reach through mobile app support.

CEO Farzam Ehsani is optimistic about VALR’s future, citing positive institutional feedback. With its impressive growth and strong institutional support, VALR is positioning itself as a formidable player on the global exchange stage.

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Sources:
– [1] VALR website: [link]
– [2] Coinbase Ventures website: [link]
– [3] Pantera Capital website: [link]

Martin Reid

Martin Reid

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