VALR Expands Cryptocurrency Offerings with New Financial Instruments
Introduction of Perpetual Futures
VALR, a leading African cryptocurrency exchange, has expanded its platform by introducing Bitcoin and Tether (USDT) perpetual futures paired with the South African Rand (ZAR). This addition allows traders to engage in futures contracts that lack expiry dates, offering leverage up to five times. The BTC/USDT pair is also available, enhancing trading possibilities for users.
Integrated Trading Ecosystem
The platform now boasts an integrated trading system combining spot, margin, and futures markets, all accessible through a single collateral source. This advancement follows the exchange's previous success in spot margin trading and its strategic collaboration with Visa.
Regulatory Approvals and Global Expansion
VALR's growth trajectory is marked by recent European regulatory approval and active pursuit of licenses in Mauritius and Dubai. The exchange has already received preliminary approval from Dubai's Virtual Asset Regulatory Authority (VARA), showcasing its commitment to global expansion.
Impressive Trade Volume and Client Base
Founded in 2018, VALR has achieved over $10 billion in trade volume. It serves a diverse client base, including over 500,000 retail customers and more than 900 institutional partners, highlighting its robust market presence.
Strategic Funding and Future Developments
The exchange has secured $55 million in equity funding from major investors, such as Coinbase Ventures and Pantera Capital. Operating under VALR DAM Proprietary Limited, it is authorized by Prime Asset Managers in South Africa. Future plans include expanding services through mobile app support, enhancing accessibility for users.
Global Market Position
CEO Farzam Ehsani emphasizes the positive institutional feedback VALR has received, positioning it as a formidable competitor in the global cryptocurrency exchange market. This strategic growth and innovation underscore VALR's ambition to strengthen its influence on the international stage.
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