VALR, a leading platform of African cryptocurrency exchange, celebrates its seven-year journey that has revolutionized the landscape of finance. The platform was founded in 2018, and since then, it has been devoted to empowering people by introducing an exclusive financial system. Its 1,000 sign-ups on its very first day have now converted into a thriving community. With this label, the platform has been accommodating more than one million users along with 1,300 institutional clients, incorporating fintech firms and banks.
VALR’s Evolution to Crypto Dominance
Several milestones have played their part in making the platform more successful, redefining the accessibility of crypto in South Africa. VALR presented its first BTC/ZAR trading pair in 2019, pouring the market with the highest liquidity. The trading volumes increased five times by 2020 which highlights the increasing adoption of digital assets.
In 2022, VALR obtained $50 million in funds which is the largest investment across Africa. This strategic advancement has further cemented the platform’s reputation. In 2023, this acceleration extended with the total crypto trades going beyond $10 billion.
VALR to Fuel a Compliant and Innovative Future
The year, 2024, was a game-changer for VALR because its user base surpassed one million. Moreover, the platform was lavished with both Category I and II licenses. These licenses were granted by the Financial Sector Conduct Authority (FSCA) of South Africa. This strategic approval aims to fortify the dedication of VALR toward compliance, innovation, and security.
By entering into the next chapter, VALR shows its commitment to fostering financial inclusion. This advanced step will shape the future of cryptocurrency in Africa and the surroundings. The journey of VALR towards a bright future has just begun and the greater things lie ahead.
