The Leading South African Bitcoin and Crypto Exchange Raises $3.4 Million for Expansion
VALR, the leading Bitcoin and crypto exchange of South Africa, has raised over 57 million rand ($3.4 M USD) with an aim to expand the fund.
Biggest South Africa Bitcoin Exchange Raises Funds for Expansion [“https://t.co/48CN1G4Coz“]
— VALR (@VALRdotcom) July 21, 2020
The funds are planned to be used on exploring new products for the national market, particularly with regard collateralized lending & derivative trading. It is also set to widen the presence of the company across Africa, as CEO of the South African crypto exchange, Farzam Ehsani mentioned.
It’s worth noting that VALR was founded 2 years ago (Back in 2018) & suports more than 50 crypto assets. Among the investors of VALR are Michael Jordaan, ex CEO of FirstRand Ltd.’s First National Bank, & Bittrex Inc., a US-based crypto platform.
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